SCM 301 EXAM 1 QUESTIONS AND ANSWERS
What are the 4 supply chain performance dimensions? - CORRECT ANSWER✅✅Cost, Quality, Time,
Flexibility
How do we define success in SCM? - CORRECT ANSWER✅✅How well the function does
What is the traditional SCM view? - CORRECT ANSWER✅✅Vertical or silo functional focus
What has modern SCM moved to? - CORRECT ANSWER✅✅A horizontal operational focus across the
firm and across the enterprise
What are the 2 most important goals of SCM? - CORRECT ANSWER✅✅1) To provide value to the
customer
2) To achieve a sustainable competitive advantage
Network of producers and service providers that work together to convert and move goods form the
raw materials stage through to the end user - CORRECT ANSWER✅✅Supply Chain
Define business transformation process. - CORRECT ANSWER✅✅An organized grouping of activities
that together convert inputs into outputs that have value to the end user
How should we approach a business transformation process? - CORRECT ANSWER✅✅We want to look
at our desired outcomes, then identify our current inputs. Our transformation process should then
become clear
What is our greatest goal in business? - CORRECT ANSWER✅✅To maximize profits
What is supply chain "all about"? - CORRECT ANSWER✅✅Doing things with the least total cost
, What are some trends that are driving the importance of SCM? - CORRECT ANSWER✅✅The importance
of relationship MGMT, increasing globalization and competition, availability of information
What are the 4 primary processes in a cyclical view of SCM? - CORRECT ANSWER✅✅Procurement cycle,
manufacturing cycle, replenishment cycle, customer order cycle
Where is the primary movement in a supply chain? - CORRECT ANSWER✅✅Downstream
What 5 people make up the cyclical view of a supply chain? - CORRECT ANSWER✅✅Customer, retailer,
distributor, manufacturer, supplier
What are nodes in the supply chain? - CORRECT ANSWER✅✅Nodes are where the transformation of
products occurs
What are links in the supply chain? - CORRECT ANSWER✅✅Links are places the product is moving to
and from
True/False: Every supply chain part can be a customer and a supplier - CORRECT ANSWER✅✅True
Why do we use the SCOR model? - CORRECT ANSWER✅✅It is a way to look at similar processes across
dissimilar supply chain
What two pieces of the SCOR model occur at every step? - CORRECT ANSWER✅✅Planning and enabling
What does SCOR stand for? - CORRECT ANSWER✅✅Supply Chain Operations Reference
What are the 4 non-key pieces of the SCOR model? - CORRECT ANSWER✅✅Source, make, deliver,
return
What is a reference model? - CORRECT ANSWER✅✅- Provides a common language and terminology for
discussing and comparing SC's
What are the 4 supply chain performance dimensions? - CORRECT ANSWER✅✅Cost, Quality, Time,
Flexibility
How do we define success in SCM? - CORRECT ANSWER✅✅How well the function does
What is the traditional SCM view? - CORRECT ANSWER✅✅Vertical or silo functional focus
What has modern SCM moved to? - CORRECT ANSWER✅✅A horizontal operational focus across the
firm and across the enterprise
What are the 2 most important goals of SCM? - CORRECT ANSWER✅✅1) To provide value to the
customer
2) To achieve a sustainable competitive advantage
Network of producers and service providers that work together to convert and move goods form the
raw materials stage through to the end user - CORRECT ANSWER✅✅Supply Chain
Define business transformation process. - CORRECT ANSWER✅✅An organized grouping of activities
that together convert inputs into outputs that have value to the end user
How should we approach a business transformation process? - CORRECT ANSWER✅✅We want to look
at our desired outcomes, then identify our current inputs. Our transformation process should then
become clear
What is our greatest goal in business? - CORRECT ANSWER✅✅To maximize profits
What is supply chain "all about"? - CORRECT ANSWER✅✅Doing things with the least total cost
, What are some trends that are driving the importance of SCM? - CORRECT ANSWER✅✅The importance
of relationship MGMT, increasing globalization and competition, availability of information
What are the 4 primary processes in a cyclical view of SCM? - CORRECT ANSWER✅✅Procurement cycle,
manufacturing cycle, replenishment cycle, customer order cycle
Where is the primary movement in a supply chain? - CORRECT ANSWER✅✅Downstream
What 5 people make up the cyclical view of a supply chain? - CORRECT ANSWER✅✅Customer, retailer,
distributor, manufacturer, supplier
What are nodes in the supply chain? - CORRECT ANSWER✅✅Nodes are where the transformation of
products occurs
What are links in the supply chain? - CORRECT ANSWER✅✅Links are places the product is moving to
and from
True/False: Every supply chain part can be a customer and a supplier - CORRECT ANSWER✅✅True
Why do we use the SCOR model? - CORRECT ANSWER✅✅It is a way to look at similar processes across
dissimilar supply chain
What two pieces of the SCOR model occur at every step? - CORRECT ANSWER✅✅Planning and enabling
What does SCOR stand for? - CORRECT ANSWER✅✅Supply Chain Operations Reference
What are the 4 non-key pieces of the SCOR model? - CORRECT ANSWER✅✅Source, make, deliver,
return
What is a reference model? - CORRECT ANSWER✅✅- Provides a common language and terminology for
discussing and comparing SC's
