Scmn 2150 Study guides, Class notes & Summaries
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SCMN 2150 Exam 1 Questions and Answers Graded A+
- Exam (elaborations) • 13 pages • 2024
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SCMN 2150 Exam 1 Questions and 
 
Answers Graded A+ 
 
What is a supply chain? a collection of organizations, people, activities, information, and 
resources 
 
who is involved in the supply chain? customers, retailers, manufacturers, and suppliers 
 
what is supply chain management? All the activities that take place to get a product in your 
hands from the time of raw materials to final product 
 
Why is SCM important to companies? SCM helps companies outpace the competition 
(better, faster, ...
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SCMN 2150 - Exam 1 Quizzes with Verified Solutions
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SCMN 2150 - Exam 1 Quizzes with 
 
Verified Solutions 
 
T/F: supply chains are not really linear linked chains, they are actually networks of related 
organizations that serve customer requirements true 
 
which of the following is not a primary flow in a supply chain 
product 
information 
financial resources 
 
equipment equipment 
 
T/F: managing a supply chain is a fairly simple task. activities occur sequentially, customers 
know what they need, and the companies involved share common goal...
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SCMN 2150 Exam 3 – Final Exam Questions and Answers Already Passed
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SCMN 2150 Exam 3 – Final Exam 
Questions and Answers Already Passed 
 
What are the Goals of Technology for SCM (why is it needed)? Optimization - Peak 
performance of a supply chain requires alignment of resources within and across organizations. 
 
Cross-chain Visibility - visibility to events occurring across the supply chain is a pre-requisite for 
effective decision making. 
 
Speed to Market - Properly implemented technologies capture customer requirements, prioritize 
them, and recommen...
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SCMN 2150 Test 2 Questions and Answers with Verified Solutions
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SCMN 2150 Test 2 Questions and 
Answers with Verified Solutions 
 
What is procurement? The purchase of merchandise or services at the optimum possible total 
cost in the correct amount and quality. 
 
How does procurement differ from strategic sourcing and supply management? Procurement 
is buying the merchandise or services while SS tries to improve the buying process and SM is 
setting up in order to attain what it needs. 
 
What is strategic sourcing? The process of analyzing an organization...
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SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass
- Exam (elaborations) • 20 pages • 2024
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SCMN 2150: Exam 1 Modules 1-4 Robert 
Straw Questions and Answers 100% 
 
Pass 
 
According to the Module 1 readings, what benefit is achieved by supply chain integration? 
 
A. reduced facility investment 
B. greater demand planning accuracy 
C. greater equipment utilization 
D. rationalized product handling B. greater demand planning accuracy 
 
According to the Module 1 readings, the ______ process focuses on minimizing the number of 
items that enter a backward flow due to defects, being out...
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SCMN 2150 TEST 1
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what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. 
 
Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers 
 
Who is the most important participant in 
the supply chain? - Answer-the consumer 
 
What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pul...
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SCMN 2150 FINAL Exam Questions With Verified Solutions
- Exam (elaborations) • 26 pages • 2023
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SCMN 2150 FINAL Exam Questions With Verified Solutions 
 
Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. 
 
A.) Communication channel 
B.) Transaction channel 
C.) Distribution channel 
D.) Omni-channel 
A.) Communication channel 
 
 
According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? 
 
A.) Greater in-transit visibility 
B.) Lo...
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SCMN 2150 Exam 3 Barto Questions and Answers Already Passed
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SCMN 2150 Exam 3 Barto Questions and 
 
Answers Already Passed 
 
what are the key supply chain data requirements 1. Accurate 
2. Accessible 
3. Relevant 
4. Timely 
5. Transferable 
6. Reliable 
7. Usable 
 
what are the goals of supply chain planning solutions support the forward-looking process of 
coordinating assets to optimize the delivery of goods, services and information from supplier to 
customer, balancing supply and demand. SCP software sits on top of a transactional system to 
provi...
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SCMN 2150 Exam 2 Robert Straw Questions and Answers Already Passed
- Exam (elaborations) • 15 pages • 2024
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SCMN 2150 Exam 2 Robert Straw 
Questions and Answers Already Passed 
 
What is procurement? The purchase of merchandise or services at the optimum possible total 
cost in the correct amount and quality 
 
What is strategic sourcing? an institutional procurement process that continuously improves 
and re-evaluates the purchasing activities of a company 
 
What is the difference between traditional purchasing and strategic sourcing? strategic 
sources seeks for continuous improvement 
 
What are t...
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SCMN 2150 QUIZZES QUESTIONS
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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 synchroni...
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