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SCMG Magic Conveyor Belt Chapters (Midterm Review) Questions and Correct Answers 2025, Exams of Supply Management

University of YorkSupply Management

SCMG Magic Conveyor Belt Chapters (Midterm Review) Questions and Correct Answers Latest 2025 Rated A

Typology: Exams

2024/2025

Available from 07/03/2025

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SCMG Magic Conveyor Belt Chapters
(Midterm Review) Questions and Correct
Answers Latest 2025 Rated A
According to the 2022 analysis of the White House's Council of Economic
Advisors, what are the two forces that encouraged offshoring and
outsourcing? - ANS"Digital connections and inexpensive, efficient
transportation"
How does Apple ensure the timely arrival of products after a new product
launch? - ANS"Buys huge amounts of airfreight capacity"
Storage: why is inventory important? - ANS"decouple two consecutive
processes along the supply chain so that each can operate at its own
pace."
Supply chain definition - ANS"network of all the organizations that handle
some part of the end-to-end processes"
The importance of the "value-added" measurement in measuring trade. -
ANSIt is each country's incremental contribution to a product
The SCOR model - ANS"Orchestrate - the activities associated with the
integration and enablement of supply chain strategies;
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Download SCMG Magic Conveyor Belt Chapters (Midterm Review) Questions and Correct Answers 2025 and more Exams Supply Management in PDF only on Docsity!

SCMG Magic Conveyor Belt Chapters

(Midterm Review) Questions and Correct

Answers Latest 2025 Rated A

According to the 2022 analysis of the White House's Council of Economic Advisors, what are the two forces that encouraged offshoring and outsourcing? - ANS"Digital connections and inexpensive, efficient transportation" How does Apple ensure the timely arrival of products after a new product launch? - ANS"Buys huge amounts of airfreight capacity" Storage: why is inventory important? - ANS"decouple two consecutive processes along the supply chain so that each can operate at its own pace." Supply chain definition - ANS"network of all the organizations that handle some part of the end-to-end processes" The importance of the "value-added" measurement in measuring trade. - ANSIt is each country's incremental contribution to a product The SCOR model - ANS"Orchestrate - the activities associated with the integration and enablement of supply chain strategies;

Plan - planning the resources and requirements for each of the following five processes; Source - procuring required raw materials, parts, and services; Transform - the activities required to create the products needed to satisfy demand; Order - management of the customers' purchase of products and services;" Toyota managers realized that batch inventories hid problems. What is one of the main problems? And how did Toyota address it? - ANSThere were defects in the batch and defective pieces were being sold to customers. This was solved with the "just in time" process. What are some of the Information Technology advancements that impacted the supply chain and how: - ANSThe spread of fiber-optic cables and the low cost of computing Data warehouse GPS technology What are the 3 supply chain flows described by the author? - ANS"Physical flow, flow of information, flow of cash"

What is the Fourth Industrial Revolution? - ANSWidespread use of personal connected devices such as AI, IoT What is the Material Requirements Planning process? - ANS"ensure they obtain the right quantities of the right parts and materials in time to make the desired number of products." What two collaborative models are considered for the future use of autonomous truck driving technology? - ANS"transfer hub" model that divides human labor and automated driving by the complexity of the driving conditions." Second model is advanced driver-assist technology (i.e. cruise control) and platooning (lead truck followed by unmanned trucks) Why do companies offer free return policy? - ANSCustomers expect it, it is a huge factor in their choice to buy Why do some companies have their fulfilment centers adjacent to air express hub? - ANS"enabled the retailer, distributor, or manufacturer to take orders late into the night, insert the package into the overnight sorting process, and have the order delivered to the customer the next morning"