SCMN 2150 Brian Gibson Test 1 Questions And Answers Rated A+.
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SCMN 2150 Brian Gibson
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SCMN 2150 Brian Gibson
SCMN 2150 Brian Gibson Test 1 Questions And Answers Rated A+.
What wis wcapacity? w- wcorrect wanswer. w w w wthe wrate wat wwhich woutput wcan wbe wproduced wby What is Supply Chain Management? - correct answer. the art of managing the flow of materials, products, information, and fina...
SCMN 2150 Brian Gibson Test 1 Questions
And Answers Rated A+.
What wis wcapacity? w- wcorrect wanswer. w w w wthe wrate wat wwhich woutput wcan wbe wproduced wby
What is Supply Chain Management? - correct answer. the art of managing the flow of
materials, products, information, and financial resources from source to user.
Why is SCM important? (4) - correct answer. It provides valuable opportunities to
create competitive advantage: 1. develop collaborative, trusting relationships 2.
rationalize product touch points 3. drive out costs and achieve tremendous efficiencies
4. improve customer satisfaction
Competitive advantage: - correct answer. requires delivering more value and
satisfaction to target consumers than competitors
Who participates in SCM? (5) - correct answer. Suppliers, manufacturers, distributors,
retailers, consumers
What are the goals of SCM? - correct answer. Customer care, competitiveness,
efficiency, responsiveness and resilience; these goals focus on making BETTER,
FASTER, AND CHEAPER, MORE RESPONSIVE supply chains than your competition.
7 Principles of SCM - correct answer. 1. Segment customers based on service
needs
2. Customize the logistics network
3. Drive operations from demand
4. Differentiate product closer to the
customer
5. Source strategically
6. Develop supply chain-wide technology
, strategy
7. Use supply chain spanning performance measures
How can an organization build competitive advantage via SCM? (6) - correct answer.
1. Cost (be low cost provider)
2. Quality (defect free products and services)
3. Speed (fast response time)
4. Reliability (consistent order cycle time)
5. Adaptability (deal with changing demand) 6. Flexibility (able to offer variety)
Node - correct answer. a fixed point in a supply chain where goods are processed,
mixed, held, or sold. (plants, warehouses)
Links - correct answer. the transportation method used to connect the nodes in a
supply chain.
Centralized network - correct answer. Management decision making authority is held
by a core group of managers at a single node in the supply chain, as opposed to
multiple nodes. The single node controls customer interaction, the flow of goods, and
other key activities on a national basis.
Decentralized network - correct answer. Management decision making authority is
given to the managers at (multiple) individual nodes in the supply chain. Each node
controls customer interaction, the flow of goods, and other key activities within its
region.
Decentralized networks create (6): - correct answer. more safety stock,
high overhead cost,
short lead times,
customer service,
low delivery costs,
few economies of scale
Centralized vs. Decentralized Characteristics - correct answer. Centralized:
Distribution- national
Inventory investment- lower
safety stock- lower
inbound transportation costs- lower
outbound transportation costs- higher
service levels- effective
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