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SCM 303 Final Exam SG Questions And Answers 100% Pass
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SCM 303 Final Exam SG Questions AndAnswers 100% Pass
Normally, most of the organizational objectives can be summarized as:
marketing, management, finance, and operations.
leadership, market share, earnings per share, and return on investment.
survival, growth, financial, and sustainability
profitability, return on investment, liquidity, and shareholder value.
growth, maintenance, new products, and asset management. - ANSWER survival,
growth, financial, and sustainability.
Supply strategies based on changes in demand and supply are known as:
assurance-of-supply strategies.
risk-management strategies
cost-reduction strategies.
environmental-change strategies.
supply chain support strategies. - ANSWER assurance-of-supply strategies.
,A zero defects quality strategy emphasizes:
"it is the process, not the people."
"quality is free."
"conformance to specification."
"do it right the first time."
"six sigma." - ANSWER "do it right the first time."
In the development of supply strategies, the supply manager shall determine:
what to make or buy
when to buy
how much to buy
how it should be ordered
What to make or purchase, when to buy, the quantity to buy and how it should be
ordered. -ANSWER what to make or purchase, when to buy, the quantity to buy and how
it should be ordered.
When developing strategies pertaining to "how to buy", there are several decisions
which must be made including:
,-make or buy
-size of inventories
-insource or outsource
-systems and processes
-level of quality -ANSWER systems and processes
Supply strategies that are designed to anticipate and locate changes in the economy,
organization, people, legal, government regulations and controls and technologies are:
-environmental change strategies.
-change management strategies.
-total cost strategies.
-internal management strategies.
-supply assurance strategies. - ANSWER environmental change strategies.
Three of the major challenges facing supply executives when developing supply
strategies and objectives are:
The questions which one may ask are: (1) How can we provide uninterrupted supply and
, simultaneously minimize inventory? (2) How can we assure improvement in quality while
reducing our supply base? and (3) How can we increase our involvement in outsourcing
decisions?
The three questions are: (1) What is the effective interpretation of corporate objectives
and supply objectives? (2) What action plan or strategy will be appropriate for reaching
the desired objectives? and (3) how are the supply issues to be identified and integrated
into the organizational objectives and strategies?
-(1) Should we have a centralized or decentralized purchasing structure? (2) Should we
hire managers trained in supply management or in technical fields? and (3) Should we
outsource any or all of the purchasing function?
(1) Should we pre-certify suppliers? (2) Should we allow internal users to purchase
certain categories -ANSWER (1) What is the effective interpretation of corporate
objectives and supply objectives? (2) What is the appropriate action plan or strategy to
achieve the desired objectives? and, (3) How can supply issues be identified and
integrated into organizational objectives and strategies?
A strategy is:
An action plan to maximize rewards in the current period in return for big risks
action plan in allocating resources among functions in the organization.
An action plan to achieve specific long-term goals and objectives.
An action plan towards the attainment of particular operational and tactical goals.
A vision of the future of an organization. - ANSWER an action plan to achieve specific
long-term goals and objectives.
Identifying how to address this question can effectively contribute to organizational
objectives and strategy: "How can supply and the supply chain contribute effectively to
organizational objectives and strategy?"
-supplier relationship management
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