BMGT 372 UMD EXAM 1 QUESTIONS AND ANSWERS
100% CORRECT
Supply Chain Management - ANSWER the design and management of flows of products,
information, and funds (3 primary flows) throughout the supply chain
Supply Chain stages - ANSWER suppliers, producers, wholesalers/distributors, retailers,
customers
3 SCM activities - ANSWER coordination, information sharing, collaboration
Coordination - ANSWER coordinate the movement of goods, services, and funds
through the supply chain
information sharing - ANSWER share forecasts, point-of-sale data, planned promotional
campaigns, and inventory levels
collaboration - ANSWER jointly plan, operate, and execute business decisions as one
entity
flow of products - ANSWER from the beginning to the final customer
reverse logistics - ANSWER returned products (final customer back to producer)
, flow of information - ANSWER simplified supply chains utilize data from point-of-sale
back to suppliers
Flow of Funds - ANSWER Funds transferred in both directions along the supply chain
GOAL OF SCM - ANSWER reduce the cost of doing business, improve customer service
bullwhip effect - ANSWER the fluctuation and distortion of information increases as it
moves up the supply chain
_______ are the driving force of the SC - ANSWER customers
Service Supply Chain - ANSWER Focus more on the interaction between the customer
and the provider
Often rely on customers as the supplier of inputs (ex: ordering at a restaurant)
Tend to be shorter than manufacturing supply chains
Intra- organizational coordination - ANSWER marketing, operations, sourcing, logistics
Logistics - ANSWER the part of the SCM that is concerned with managing the flow of
inventory, focused on just transporting goods
100% CORRECT
Supply Chain Management - ANSWER the design and management of flows of products,
information, and funds (3 primary flows) throughout the supply chain
Supply Chain stages - ANSWER suppliers, producers, wholesalers/distributors, retailers,
customers
3 SCM activities - ANSWER coordination, information sharing, collaboration
Coordination - ANSWER coordinate the movement of goods, services, and funds
through the supply chain
information sharing - ANSWER share forecasts, point-of-sale data, planned promotional
campaigns, and inventory levels
collaboration - ANSWER jointly plan, operate, and execute business decisions as one
entity
flow of products - ANSWER from the beginning to the final customer
reverse logistics - ANSWER returned products (final customer back to producer)
, flow of information - ANSWER simplified supply chains utilize data from point-of-sale
back to suppliers
Flow of Funds - ANSWER Funds transferred in both directions along the supply chain
GOAL OF SCM - ANSWER reduce the cost of doing business, improve customer service
bullwhip effect - ANSWER the fluctuation and distortion of information increases as it
moves up the supply chain
_______ are the driving force of the SC - ANSWER customers
Service Supply Chain - ANSWER Focus more on the interaction between the customer
and the provider
Often rely on customers as the supplier of inputs (ex: ordering at a restaurant)
Tend to be shorter than manufacturing supply chains
Intra- organizational coordination - ANSWER marketing, operations, sourcing, logistics
Logistics - ANSWER the part of the SCM that is concerned with managing the flow of
inventory, focused on just transporting goods
