SCMN 2150 EXAM 1 PRACTICE EXAM
QUESTIONS WITH VERIFIED SOLUTIONS
GRADED A+
What are the different types of supply chain models?
-continuous flow model
-agile model, fast model
-flexible model
-efficient model
-custom model
what is a continuous flow model
relies on a manufacturer producing the same good over and over
again, expecting customer demand variation, more traditional
Agile Model
- prioritizes flexibility, may have a specific need, and has to be
prepared to pivot accordingly
Page 1 of 50
,- works best for companies with unpredictable demand/custom-
ordered products
Fast Model
emphasizes quick turn over with short life cycle
flexible model
- works best for companies affected seasonly like halloween candy
- ensures the product can be ramped up and slowed down quickly
efficient model
works with tight profit margins, comes up with ideas to utilize
equipment, machinery, etc
Custom Model
Page 2 of 50
,for highly specialized industries with technical requirements (like
manufacturing a car)
What is supply chain planning (SCP)?
helps control planning processes related to demand
What is supply chain execution (SCE)?
applications that control, monitor, and allocate resources related to
various operational processes
What is Supply Chain?
it is the monitoring and optimization of the production and
distribution of a company's products and services
What are the five phases of supply chain?
planning, sourcing, manufacturing, delivery, returns
Page 3 of 50
, what is the planning phases of SCM?
Companies must try to predict future needs by matching supply with
customers and manufacturing demands.
True or false: large businesses rely on enterprise resource planning
true
What is enterprise resource planning (ERP)?
software to help coordinate the process
what is the sourcing phase of SCM?
rely on strong relationships with suppliers, works with vendors to
supply materials.
Page 4 of 50
QUESTIONS WITH VERIFIED SOLUTIONS
GRADED A+
What are the different types of supply chain models?
-continuous flow model
-agile model, fast model
-flexible model
-efficient model
-custom model
what is a continuous flow model
relies on a manufacturer producing the same good over and over
again, expecting customer demand variation, more traditional
Agile Model
- prioritizes flexibility, may have a specific need, and has to be
prepared to pivot accordingly
Page 1 of 50
,- works best for companies with unpredictable demand/custom-
ordered products
Fast Model
emphasizes quick turn over with short life cycle
flexible model
- works best for companies affected seasonly like halloween candy
- ensures the product can be ramped up and slowed down quickly
efficient model
works with tight profit margins, comes up with ideas to utilize
equipment, machinery, etc
Custom Model
Page 2 of 50
,for highly specialized industries with technical requirements (like
manufacturing a car)
What is supply chain planning (SCP)?
helps control planning processes related to demand
What is supply chain execution (SCE)?
applications that control, monitor, and allocate resources related to
various operational processes
What is Supply Chain?
it is the monitoring and optimization of the production and
distribution of a company's products and services
What are the five phases of supply chain?
planning, sourcing, manufacturing, delivery, returns
Page 3 of 50
, what is the planning phases of SCM?
Companies must try to predict future needs by matching supply with
customers and manufacturing demands.
True or false: large businesses rely on enterprise resource planning
true
What is enterprise resource planning (ERP)?
software to help coordinate the process
what is the sourcing phase of SCM?
rely on strong relationships with suppliers, works with vendors to
supply materials.
Page 4 of 50
