4/20/26, 9:00 AM SCHM 2301 Exam 1 Questions & Answers | 100% Verified solutions (2026) UPDATE |2026!! STUDY GUIDE EXAM Flashcards | Q…
SCHM 2301 Exam 1 Questions & Answers | 100%
Verified solutions (2026) UPDATE |2026!! STUDY
GUIDE EXAM
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Terms in this set (78)
supply chain management - the design and execution of relationships and
flows that connect the parties and processes
across a supply chain
- focuses on managing relationships and flows
(flows of info, materials, energy, money, people)
operations management - the management of processes used to design,
supply, produce, and deliver valuable good and
services to customers
- mainly concerned with how resources will be
developed and used to accomplish business goals
corporate strategic planning - addresses the portfolio of business owned by a
firm
- communicates the overall mission of the firm
- identifies the types of business that the firm wants
to be in
- is the broadest in scope
- is the least constrained
- covers a long-term horizon
https://quizlet.com/1170061914/schm-2301-exam-1-questions-answers-100-verified-solutions-2026-update-2026-study-guide-exam-flash-cards/?new 1/15
, 4/20/26, 9:00 AM SCHM 2301 Exam 1 Questions & Answers | 100% Verified solutions (2026) UPDATE |2026!! STUDY GUIDE EXAM Flashcards | Q…
strategic business unit planning - "how should our business unit compete"
- what customers and market segment they
consider?
- what product they will offer?
- how compete with competitors by its competitive
advantage?
- several factors affect business models such as
technologies, competitors, market
- SWOT analysis is usually used
functional planning - each group in SBU has to develop this type of
strategic plan --> one that is coordinated with and
supportive of the SBU plan
- is the most detailed and constrained strategy
strategy (design) - how to structure (configure) the supply chain
during the next several years
- ex: outsource/insource, locations of warehouses,
production sites, modes of transportation
planning (tactical) - maximize the supply chain surplus over the
planning horizon quarter to a year
- ex: which markets will be supplied from which
locations, the subcontracting of manufacturing, the
inventory policies to be followed, the timing and
size of marketing and price promotions
operational (functional) - make decision regarding individual customer
orders (weekly or daily)
- ex: allocate inventory or production to individual
orders, set a date by which an order is to be filled,
generate pick lists at a warehouse, set delivery
schedules of trucks, place replenishment orders
https://quizlet.com/1170061914/schm-2301-exam-1-questions-answers-100-verified-solutions-2026-update-2026-study-guide-exam-flash-cards/?new 2/15
SCHM 2301 Exam 1 Questions & Answers | 100%
Verified solutions (2026) UPDATE |2026!! STUDY
GUIDE EXAM
Save Groups
Terms in this set (78)
supply chain management - the design and execution of relationships and
flows that connect the parties and processes
across a supply chain
- focuses on managing relationships and flows
(flows of info, materials, energy, money, people)
operations management - the management of processes used to design,
supply, produce, and deliver valuable good and
services to customers
- mainly concerned with how resources will be
developed and used to accomplish business goals
corporate strategic planning - addresses the portfolio of business owned by a
firm
- communicates the overall mission of the firm
- identifies the types of business that the firm wants
to be in
- is the broadest in scope
- is the least constrained
- covers a long-term horizon
https://quizlet.com/1170061914/schm-2301-exam-1-questions-answers-100-verified-solutions-2026-update-2026-study-guide-exam-flash-cards/?new 1/15
, 4/20/26, 9:00 AM SCHM 2301 Exam 1 Questions & Answers | 100% Verified solutions (2026) UPDATE |2026!! STUDY GUIDE EXAM Flashcards | Q…
strategic business unit planning - "how should our business unit compete"
- what customers and market segment they
consider?
- what product they will offer?
- how compete with competitors by its competitive
advantage?
- several factors affect business models such as
technologies, competitors, market
- SWOT analysis is usually used
functional planning - each group in SBU has to develop this type of
strategic plan --> one that is coordinated with and
supportive of the SBU plan
- is the most detailed and constrained strategy
strategy (design) - how to structure (configure) the supply chain
during the next several years
- ex: outsource/insource, locations of warehouses,
production sites, modes of transportation
planning (tactical) - maximize the supply chain surplus over the
planning horizon quarter to a year
- ex: which markets will be supplied from which
locations, the subcontracting of manufacturing, the
inventory policies to be followed, the timing and
size of marketing and price promotions
operational (functional) - make decision regarding individual customer
orders (weekly or daily)
- ex: allocate inventory or production to individual
orders, set a date by which an order is to be filled,
generate pick lists at a warehouse, set delivery
schedules of trucks, place replenishment orders
https://quizlet.com/1170061914/schm-2301-exam-1-questions-answers-100-verified-solutions-2026-update-2026-study-guide-exam-flash-cards/?new 2/15
