SCM303 EXAM 3 Questions and Correct Answers the Latest Update
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Course
SCM 303
Institution
SCM 303
a manufacturers largest expenditure is ________ requirements while a service
provider spends more on _____ requirements
direct; resale
in order to be effective supply chain management includes the acquisition of
materials, services, and equipment:
at the right time, in the right quantities...
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 1970s during a period of high inflation
d. in the early 1980s with high interest rates and the costs of financing inventory
e. more recently with the rise of e-commerce
✓ b. During world war I & II because of global materials shortage
The return on assets effect (ROA) quantifies and measures...
a. the indirect contribution of supply management to profitability
b. any increase in sales that occurs at a greater rate than the cost of assets
c. reduction in the allocations to the operating budget of the supply department
d. the impact of supply actions on inventory and the balance sheet
e. the effect on profitability of reduced spend compared to sales increase
✓ d. the impact of supply actions on inventory and the balance sheet
In manufacturing organizations, the dollars spent with suppliers fall into what
range as a percent of revenues?
a. 25-35
b. 30-60
c. 45-75
d. 50-80
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