SCMN 2150 Exam 1 QUESTIONS & ANSWERS
2026 | A+ GRADED 100% VERIFIED
• what is supply chain management? -✓✓all the activities that take place
to get a product in your hands
• ways to succeed in scm -✓✓the right product, in the right quantity, to
the right customer, at the right time, at the right place, in the right
condition, at the right cost
• core economic values added to products through scm -✓✓*form
utility*- manufacturing (what I want)
*place utility*- logistics (where I want it)
*time utility*- ensuring availability (when I want it)
• essential activities in scm -✓✓*PLAN*-Planning & forecasting
*BUY*-Supply management & procurement
*MAKE*-Operations management & production
*MOVE*-Logistics & transportation
*SERVICE*-post sales
• flows of supply chain -✓✓information --> product flow (to customer) -
-> financial resources/ cash flow (back to company)
• what is a supply chain network? -✓✓collection of things composed of
nodes (fixed point-value added processes) & links (transportation
method-connects nodes)
• economies of scale -✓✓a proportionate saving in costs gained by an
increased level of production.
• network design -✓✓*centralized*-activities at a single node
*decentralized*-multiple regional nodes
, *decision factors*- product value, weight & dimension, demand, shelf
life
whatever leads to lowest cost in transportation, warehousing, inventory,
cost of lost sales
• network fulfillment options -✓✓*direct delivery*-point to point
service (newspapers, perishable goods)
*cross dock*- product mixing service (airport, car assembly plant)
*distribution center*- storage & fulfillment service (stable demand
products, seasonal goods)
• network design process -✓✓1. Define Problem
2. Collect Data
3. Run Scenarios
4. Evaluate Results
5. Take action
• what is supply chain planning? -✓✓Forward looking process of
coordinating assets to optimize the delivery of goods, services, and
information from supplier to customer, balancing supply and demand
*What we want to do & how we want to do it*
• why focus on supply chain planning? -✓✓Being proactive builds:
capabilities, capacity, control in advance of needs
Effective supply chain planning stabilizes processes & limits excess
capacity & inventory & reduce chaos
• time horizon -✓✓*short range*-hourly/daily/weekly; immediate needs
(scheduling, etc)
*mid-range*-3/18 months; future needs (demand forecasting, planning)
*long range*-2+ years; strategic needs (structure)
• capacity planning -✓✓process of establishing the output rate that can
be achieved
2026 | A+ GRADED 100% VERIFIED
• what is supply chain management? -✓✓all the activities that take place
to get a product in your hands
• ways to succeed in scm -✓✓the right product, in the right quantity, to
the right customer, at the right time, at the right place, in the right
condition, at the right cost
• core economic values added to products through scm -✓✓*form
utility*- manufacturing (what I want)
*place utility*- logistics (where I want it)
*time utility*- ensuring availability (when I want it)
• essential activities in scm -✓✓*PLAN*-Planning & forecasting
*BUY*-Supply management & procurement
*MAKE*-Operations management & production
*MOVE*-Logistics & transportation
*SERVICE*-post sales
• flows of supply chain -✓✓information --> product flow (to customer) -
-> financial resources/ cash flow (back to company)
• what is a supply chain network? -✓✓collection of things composed of
nodes (fixed point-value added processes) & links (transportation
method-connects nodes)
• economies of scale -✓✓a proportionate saving in costs gained by an
increased level of production.
• network design -✓✓*centralized*-activities at a single node
*decentralized*-multiple regional nodes
, *decision factors*- product value, weight & dimension, demand, shelf
life
whatever leads to lowest cost in transportation, warehousing, inventory,
cost of lost sales
• network fulfillment options -✓✓*direct delivery*-point to point
service (newspapers, perishable goods)
*cross dock*- product mixing service (airport, car assembly plant)
*distribution center*- storage & fulfillment service (stable demand
products, seasonal goods)
• network design process -✓✓1. Define Problem
2. Collect Data
3. Run Scenarios
4. Evaluate Results
5. Take action
• what is supply chain planning? -✓✓Forward looking process of
coordinating assets to optimize the delivery of goods, services, and
information from supplier to customer, balancing supply and demand
*What we want to do & how we want to do it*
• why focus on supply chain planning? -✓✓Being proactive builds:
capabilities, capacity, control in advance of needs
Effective supply chain planning stabilizes processes & limits excess
capacity & inventory & reduce chaos
• time horizon -✓✓*short range*-hourly/daily/weekly; immediate needs
(scheduling, etc)
*mid-range*-3/18 months; future needs (demand forecasting, planning)
*long range*-2+ years; strategic needs (structure)
• capacity planning -✓✓process of establishing the output rate that can
be achieved
