SCMN 2150 Exam 1 Practice QUESTIONS & ANSWERS | A+ GRADED 100% VERIFIED

SCMN 2150 Exam 1 Practice QUESTIONS &
ANSWERS | A+ GRADED 100% VERIFIED
• Supply chain management . Answer: The planning and management of
all the activities involved in sourcing and procurement, conversion, and
all logistics management activities.

• Primary groups of SCM . Answer: Supplier, manufacturer, distributor,
retailer, and consumer

• Flows of SCM . Answer: Product, information, and money

• Processes of SCM . Answer: Planning and forecasting, supply
management and procurement, operations management and production,
logistics and transportation, and post sales support

• Time utility . Answer: When I ant it and on time

• Place utility . Answer: Where I want it

• Form utility . Answer: What I want or tailoring goods to customer
specifications

• 7 rights . Answer: Right product, right customer, right time, right
place, right condition, right quantity, and right cost

• Nodes . Answer: A fixed point in a supply chain where valued added
processes take place; goods are processed, transformed, mixed, held, or
sold at nodes

• Links . Answer: The transportation method used to connect the nodes
in a supply chain; five primary types (truck, train, airplane, ships,
pipelines)