MGSC 487 Exam 3 Questions With Correct Answers.

MGSC 487 Exam 3 Questions With
Correct Answers

Supply Chain Management - CORRECT ANSWER✔✔-is concerned with
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the efficient integration of suppliers, factories, warehouses and stores
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so that merchandise is produced and distributed In the right quantity •
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To the right locations • At the right time
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SCM goals - CORRECT ANSWER✔✔-Minimize total system cost, Satisfy
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customer service level policy/requirements, Create sustainable,
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competitive advantage |




COVID 19 impacts - CORRECT ANSWER✔✔-Unprecedented variability in
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demand Extreme drops in Airlines, Hotels, Restaurants. Explosive
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increases in Medical, Work From Home. Lumpy demand (completely
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unpredicted) "The stay-cationers" - home improvements | | | | |




Key Lesson from COVID - CORRECT ANSWER✔✔-need to diversity
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supply chain |




Trade growth - CORRECT ANSWER✔✔-South & Central Asia, sub-
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saharan Africa, and ASEAN expected to grow the most
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