SCMN 2150
Who is the most important participant in the supply chain? - Answer- the consumer
How many primary groups are in the SC? - Answer- 5
What consulting company was your professor formally an executive? - Answer- Accenture
In reality, what does a SC look like? - Answer- A spiderwe...
SCMN 2150
Who is the most important participant in the supply chain? - Answer- the consumer
How many primary groups are in the SC? - Answer- 5
What consulting company was your professor formally an executive? - Answer-
Accenture
In reality, what does a SC look like? - Answer- A spiderweb
SCM help companies outpace the competition by managing their materials, product,
and information flows in order to be: - Answer- better, faster, cheaper
If an organization can get its supply chain well synchronized, what ultimate benefit
will be achieved? - Answer- network excellence
What should drive activity across the supply chain? - Answer- customer demand
What is the most tangible, basic flow in a supply chain? - Answer- product flow
Which supply chain process focuses on the transformation of inputs into outputs? -
Answer- production
The customer is not always the king. You need to balance supply chain service and
profitability, saving your best capabilities for your most profitable customers. T/f -
Answer- True
What is the most challenging and time consuming step of the supply chain network
design process? - Answer- data collection and validation
According to this week's reading about facility location, what has US industry
migrated from the northeast to the southeast? - Answer- greater supply of lower-cost
land and labor
In which type of product flow option do products move between facilities through an
interim facility where goods are quickly sorted, mixed, and moved immediately to the
customer? - Answer- cross-dock
A fixed point in a supply chain where goods are processes, mixed, help, or sold is
called a - Answer- node
Distribution center provide what benefit that is not readily available with cross-
docking or direct delivery? - Answer- safety stock to quickly handle customer
demand spikes
What product flow option best fits the newspaper? - Answer- direct delivery
, What product flow option best fits puppy chow dog food? - Answer- distribution
center
What product flow option best fits perishable chicken? - Answer- cross dock
What product flow option best fits tents that are rented for auburn football games? -
Answer- distribution center
Why is supply chain planning such an important activity? - Answer- because it helps
managers improve flows and control cost
The forward-looking process of coordinating assets to optimize the delivery of goods,
services and information from supplier to customer, balancing supply and demand is
called: - Answer- supply chain planning
Which type of capacity planing strategy will aggressively add new capacity in
anticipation of future demand? - Answer- proactive capacity planning
what is an appropriate approach for determining the overall production capabilities of
capital-intensive resources like machines and facilities? - Answer- capacity planning
In terms of planning a new operation and potential utilization, what type of capacity
represents the theoretical level of capacity that is possible if everything goes right? -
Answer- design capacity
When would it be most effective to use quantitative forecasting tools? - Answer-
When you have historical data available
What is the benefit of an effective forecasting process? - Answer- better matches
supply with demand
What type of forecasting methods use experts, market analysis, and opinions to
predict demand? - Answer- qualitative forecasting
According to the Episode 3 article "A Practitioner's Guide Demand Planning,"
________ focuses on shortening the time to recognize true market data and
understand true market shifts. - Answer- demand sensing
According to the Episode 3 article, "A Practitioner's Guide Demand Planning," _____
is a major challenge for supply chain leaders. - Answer- demand volatility
Measures effectiveness of an operation? - Answer- utilization
if capacity is greater than demand - Answer- excess inventory
Which part of the organization is NOT normally involved in the Sales & Operations
Planning process? - Answer- human resources
All of the following are key priorities of Sales and Operation Planning EXCEPT -
Answer- identifying the net inventory requirements for procurement
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Freshy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
