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SCM 303 EXAM 3 QUESTIONS AND ANSWERS 100% CORRECT (A+)
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SCM 303 EXAM 3 QUESTIONS AND ANSWERS100% CORRECT (A+)
Evidence of growth and influence of supply management in an organization is.
a. fewer activities under the management or span of control of supply
b. meaningful involvement at the operational level
c. involvement in strategic planning
d. executive status of the chief supply officer
e. involvement in strategic planning and mergers and acquisitions - ANSWER e.
involvement in strategic planning and mergers and acquisitions
Company image may be directly influenced by.
a. treat its suppliers fairly and equitably
b. regulatory compliance
c. sustainability practices of suppliers
d. fairly and equitably treat suppliers, regulatory compliance, sustainability practices of
suppliers
e. regulatory compliance, sustainability practices of suppliers - ANSWER d. treat its
suppliers fairly and equitably, regulatory compliance, sustainability practices of
suppliers
The concepts of purchasing, procurement, supply and supply chain management will be
used variously from organization to organization depending on.
a. the organization's stage of development and/or sophistication
b. the industry in which they operate
c. the organization's competitive position
d. the organization's stage of development and/or sophistication, the industry in which
they operate, the organizations competitive position
,e. the organization's stage of development and/or sophistication and the industry in
which they operate - ANSWER d. the organization's stage of development and/or
sophistication, the industry in which they operate, the organizations competitive
position
The design and management of seamless, value-added processes across organizational
boundaries to meet the real needs of the end customer is called.
a. supply chain management
b. strategic sourcing
c. value management
d. customer relationship management
e. strategic process management - ANSWER a. supply chain management
Supply can contribute to.
a. financial performance
b. financial performance and competitive position
c. Profitability, competitive advantage and corporate social policy
d. competitive position and sustainability performance
e. financial performance, sustainability performance, and competitive position -
ANSWER c. Profitability, competitive advantage and corporate social policy
For an organization with revenue of $100,000,000, purchases of $60,000,000, and profit
of $8,000,000 before tax, a 10 percent reduction in purchase spend would result in an
increase in profit of.
a. 10%
b. 36%
c. 57%
d. 60%
e. 75% - ANSWER e. 75%
, Interest in the supply function as a managerial activity began.
a. before 1900 when railroads recognized it as an important function
b. During world war I & II because of global materials shortage
c. in the 1970's during a period of high inflation
d. in the early 1980's with high interest rates and the costs of financing inventory
e. more recently with the rise of e-commerce - ANSWER b. During world war I & II
because of global materials shortage
Return on assets effect (ROA) quantifies and measures.
a. the indirect contribution of supply management to profitability b. any increase in sales
that takes place at a rate higher than the increase in the cost of assets c. a reduction in
the operating budget allocation for the supply department d. the impact of supply
actions on inventory and the balance sheet
d. the impact on profitability of reduced spend versus sales increase
d. the impact of supply actions on inventory and the balance sheet
The dollars spent with suppliers for manufacturing organizations fall into what range as
a percent of revenues?
a. 25-35
b. 30-60
c. 45-75
d. 50-80
e. 76-75 - ANSWER d. 50-80
Supply can impact risk management in which of the following area(s)?
a. financial
b. operational
c. reputation
d. financial and operational
e. financial, operational and reputational
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