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SCMN 2150: Exam 1 Modules 1-4 Robert
Straw questions and answers
According to the Module 1 readings, what benefit is achieved by supply chain integration? A. reduced facility investment B. greater demand planning accuracy C. greater equipment utilization D. rationalized product handling - CORRECT ANSWERS ✔✔B. greater demand planning accuracy According to the Module 1 readings, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out of date, or needing to be recycled. A. deliver B. return C. make D. plan - CORRECT ANSWERS ✔✔B. return What should drive activity across the supply chain? A. manufacturing efficiency
B. executive strategy C. customer demand D. marketing prediction - CORRECT ANSWERS ✔✔C. customer demand Which supply chain process focuses on the transformation of inputs into outputs? A. supply management B. production C. logistics D. post sales service - CORRECT ANSWERS ✔✔B. production _______ Management includes all the activities that take place to get a product in your hands - from raw materials extraction to production and final goods delivery. A. logistics B. supply C. supply chain D. operations - CORRECT ANSWERS ✔✔C. supply chain What are the three key flows of a supply chain? - CORRECT ANSWERS ✔✔INFORMATION, PRODUCTS, FINANCIALS Create visibility, drive utility, release funds
Distribution centers provide what benefit that is not readily available with cross-docking or direct delivery? A. rapid movement of perishable goods B. less likelihood of product damages C. lower costs for handling and storage D. safety stock to quickly handle customer demand spikes - CORRECT ANSWERS ✔✔D. safety stock to quickly handle customer demand spikes T/F: The primary benefit of a decentralized supply chain network is customer proximity and the main drawback is a need for larger inventory safety stock. - CORRECT ANSWERS ✔✔True T/F: According to this week's readings, RBC found that Amazon has grown its logistics network over the last three years the same amount that Walmart has grown its network over the last 50 years. - CORRECT ANSWERS ✔✔True A fixed point in a supply chain where goods are processed, mixed, held, or sold is called a: A. node B. supply chain C. operation D. link - CORRECT ANSWERS ✔✔A. node
As the number of distribution facilities in your network decreases and becomes highly centralized, what happens to your costs: A. inventory costs go up due to greater safety stock requirements B. overhead costs go up because you have more facilities C. cost of lost sales go down thanks to greater understanding of customer requirements D. outbound delivery costs to customers rise due to greater distance to customers - CORRECT ANSWERS ✔✔D. outbound delivery costs to customers rise due to greater distance to customers Logistics Network - CORRECT ANSWERS ✔✔design, produce, deliver Nodes - CORRECT ANSWERS ✔✔fixed point in the supply chain where goods are processed, mixed, held or sold Links - CORRECT ANSWERS ✔✔the transportation method used to connect the nodes in a supply chain Centralized Supply Chain - CORRECT ANSWERS ✔✔-NATIONAL FOCUS Single node (facility) -BENEFITS: Lower inventory and safety stock levels
-RISK:
Lack of control and coordination Network Fulfillment Options - CORRECT ANSWERS ✔✔Direct delivery, cross dock, and distribution center Direct Delivery - CORRECT ANSWERS ✔✔-point to point service -factory to store -time sensitive product or perishable Cross Docking - CORRECT ANSWERS ✔✔-receive, sort, load and ship -quick sorting and mixing -supplier to factory -promo items, seasonal -ex: airport Distribution Center - CORRECT ANSWERS ✔✔-inventory availability -product variety -efficient sourcing -stable demand products, seasonal goods Network Design Process - CORRECT ANSWERS ✔✔1. Define Problem
- Collect Data
- Run Scenarios
- Evaluate Results
- Take action 7 Economic Factors of Business Logic - CORRECT ANSWERS ✔✔land, labor, capital, sources, production, markets, and logistics Network Design Issues - CORRECT ANSWERS ✔✔-strategic in nature -time consuming -multi-dimensional Supply Chain Network Design Challenges - CORRECT ANSWERS ✔✔cross chain visibility, product traceability, collaboration, service quality According to the Demand Forecasting article in module 3, which of the following is the demand forecasting method for consumer goods that leverages the knowledge and experience of a company's sales team to aggregate data on customer demand? A. collective opinion B. expert opinion method C. customer surveys D. barometric method - CORRECT ANSWERS ✔✔A. collective opinion
B. short term planning C. demand forecasting D. supply chain planning - CORRECT ANSWERS ✔✔C. demand forecasting T/F: Capacity planning determines the output that can be achieved to meet demand? - CORRECT ANSWERS ✔✔True Supply Chain Planning - CORRECT ANSWERS ✔✔being proactive builds capabilities, capacity, control Time Horizons of Supply Chain Planning - CORRECT ANSWERS ✔✔Short range- hourly, daily, weekly Mid range- monthly Long range- yearly (2+) Types of Supply Chain Planning - CORRECT ANSWERS ✔✔-Capacity planning -Demand planning and forecasting -Sales and operations planning -Production planning -Scheduling and sequencing
Capacity Planning - CORRECT ANSWERS ✔✔the rate that output can be produced or held, ability to deliver in a defined time, amount of something that can fit in a container FOUNDATION OF SUCCESSFUL SUPPLY CHAIN Demand Planning and Forecasting - CORRECT ANSWERS ✔✔sales predictions and inventory requirements Sales and Operations Planning - CORRECT ANSWERS ✔✔match operating capabilities with sales plan Production Planning - CORRECT ANSWERS ✔✔establishes assembly schedule to satisfy demand Scheduling and Sequencing - CORRECT ANSWERS ✔✔scheduling people, equipment, and deliveries properly sequencing all activities Design Capacity - CORRECT ANSWERS ✔✔theoretical level Effective Capacity - CORRECT ANSWERS ✔✔practical level Long Term Capacity - CORRECT ANSWERS ✔✔anticipated demand, capital availability
According to the reading, Sales and Operations planning activities would include each of these functions except one. Which group is not normally involved in S&OP? A. sales B. production C. Product Support D. finance - CORRECT ANSWERS ✔✔c. product support According to the module 4 video, which of the following is NOT one of the key tasks listed on LinkedIn for the job title Supply Chain Planner? A. manage detailed production scheduling B. provide accurate forecasting and planning services C. assist in the development of financial documents D. support S&OP Activities - CORRECT ANSWERS ✔✔C. assist in the development of financial documents Select the two answers that best describe what we are trying to do through sequencing, according to the module 4 video. A. maximize resource utilization B. minimize product completion time C. minimize resource utilization
D. maximize product completion time - CORRECT ANSWERS ✔✔A. maximize resource utilization B. minimize product completion time According to the module 4 video, in the context of the MRP System cookie example ________ tells us "what do I need to make" A. recommended purchase schedule (procurement plan) B. inventory master file (on hand inventory balances) C. bill of materials D. master production schedule - CORRECT ANSWERS ✔✔D. master production schedule According to the module 4 video, backward scheduling... A. starts with the due date B. starts as soon as requirements are known C. may result in excessive work-in-process inventory D. is basically the same as forward scheduling - CORRECT ANSWERS ✔✔A. starts with the due dates Sales and Operation Planning - CORRECT ANSWERS ✔✔organized common sense -demand plan and operating plan -what to buy, prepare to sell, committed to produce
Master Production Schedule - CORRECT ANSWERS ✔✔tells what needs to be made and when Bill of Materials - CORRECT ANSWERS ✔✔a list of raw materials, parts and subassemblies and components needed to make a product Inventory Master File - CORRECT ANSWERS ✔✔accurate status information about the ability of every item controlled by the the MRP system including order lead time Recommended Production Schedule - CORRECT ANSWERS ✔✔tells us what orders and when they should be released to production MRP Outputs - CORRECT ANSWERS ✔✔- recommended production schedule
- recommended purchase schedule
- exception reports
- performance reports Short Range Planning - CORRECT ANSWERS ✔✔schedule and sequence Forward Scheduling - CORRECT ANSWERS ✔✔Starting an activity as soon as requirements are known
Backward Scheduling - CORRECT ANSWERS ✔✔starts with due date 7 Principles of SCM -- #6 - CORRECT ANSWERS ✔✔develop a supply chain wide technology strategy that supports multiple levels of decision making and gives a clear view of the flow of products, services, and information Sequencing Methods - CORRECT ANSWERS ✔✔-First in, first served -Earliest due date -Shortest process time -Longest process time MRP Goals - CORRECT ANSWERS ✔✔1. availability of right materials to production and delivery
- enable end to end production planning and manufacturing
- plan manufacturing and managing production properties
