SCM 3353 Exam 1 TTU Questions &
Answers (Grade A+)
Materials Management -
correct answer ✅These activities focus on the upstream portion of
the supply chain and are mainly concerned with suppliers and
inbound logistics.
Form Utility -
correct answer ✅The value that is added to goods through
manufacturing or assembly.
Supply Chain -
correct answer ✅A set of three or more organizations linked
directly by one or more of the upstream or downstream flows of
products, services, finances, or information from a source to a
customer.
Outsourcing -
correct answer ✅A practice that consists of a business contracting
with other businesses to have them perform some of the
operations it used to handle in-house.
Nearshoring -
correct answer ✅The practice of transferring a business operation
,SCM 3353 Exam 1 TTU Questions &
Answers (Grade A+)
to a nearby country, often one sharing a border with the target
country.
Physical Distribution -
correct answer ✅These activities involve that part of the supply
chain where work-in-progress becomes finished goods and moves
towards customers.
CAFTA-DR -
correct answer ✅The first free trade agreement between the
United States and a group of smaller developing economies in
Central America as well as the Dominican Republic.
Bullwhip Effect -
correct answer ✅Large fluctuations in demand from the retailer up
the supply chain through the wholesaler, distributor, manufacturer,
and raw materials supplier.
What is a Supply Chain? -
correct answer ✅A linked chain from suppliers to end customers
, SCM 3353 Exam 1 TTU Questions &
Answers (Grade A+)
Basic Definition: A supply chain is a system of organizations, people,
technology, activities, information, and resources involved in
moving a product or service from supplier to end customer.
A typical supply chain may involve many different trading partners,
called stages -
correct answer ✅Suppliers
Producers
Wholesalers
Retailers
Consumers
SCM activities include: -
correct answer ✅Coordination: coordinate the movement of
goods, services, and funds through the supply chain
Information Sharing: share forecasts, point-of-sale data,
promotional campaign plans, and inventory levels
Collaboration: jointly plan, operate, and execute business decisions
as one entity
Answers (Grade A+)
Materials Management -
correct answer ✅These activities focus on the upstream portion of
the supply chain and are mainly concerned with suppliers and
inbound logistics.
Form Utility -
correct answer ✅The value that is added to goods through
manufacturing or assembly.
Supply Chain -
correct answer ✅A set of three or more organizations linked
directly by one or more of the upstream or downstream flows of
products, services, finances, or information from a source to a
customer.
Outsourcing -
correct answer ✅A practice that consists of a business contracting
with other businesses to have them perform some of the
operations it used to handle in-house.
Nearshoring -
correct answer ✅The practice of transferring a business operation
,SCM 3353 Exam 1 TTU Questions &
Answers (Grade A+)
to a nearby country, often one sharing a border with the target
country.
Physical Distribution -
correct answer ✅These activities involve that part of the supply
chain where work-in-progress becomes finished goods and moves
towards customers.
CAFTA-DR -
correct answer ✅The first free trade agreement between the
United States and a group of smaller developing economies in
Central America as well as the Dominican Republic.
Bullwhip Effect -
correct answer ✅Large fluctuations in demand from the retailer up
the supply chain through the wholesaler, distributor, manufacturer,
and raw materials supplier.
What is a Supply Chain? -
correct answer ✅A linked chain from suppliers to end customers
, SCM 3353 Exam 1 TTU Questions &
Answers (Grade A+)
Basic Definition: A supply chain is a system of organizations, people,
technology, activities, information, and resources involved in
moving a product or service from supplier to end customer.
A typical supply chain may involve many different trading partners,
called stages -
correct answer ✅Suppliers
Producers
Wholesalers
Retailers
Consumers
SCM activities include: -
correct answer ✅Coordination: coordinate the movement of
goods, services, and funds through the supply chain
Information Sharing: share forecasts, point-of-sale data,
promotional campaign plans, and inventory levels
Collaboration: jointly plan, operate, and execute business decisions
as one entity
