SCMN 2150 Exam 1 Modules 1-4 Robert Straw Latest Update 2025-2026 Actual Exam 75 Questions with 100% Verified Correct Answers Guaranteed A+ Verified by Professor
_______ 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.
- logistics
- supply
- supply chain
D. operations - CORRECT ANSWER: C. supply chain
5 primary groups of Supply Chain - CORRECT ANSWER: Suppliers, manufacturers,
distributors, retailers, and consumers
7 Economic Factors of Business Logic - CORRECT ANSWER: land, labor, capital,
sources, production, markets, and logistics
7 Principles of SCM -- #3 - CORRECT ANSWER: Listen to market signals and align
demand planning accordingly across supply chain
7 Principles of SCM -- #6 - CORRECT ANSWER: 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
7 Rights - CORRECT ANSWER: cost, consumer, condition, place, product, time,
quantity
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A fixed point in a supply chain where goods are processed, mixed, held, or sold is called
a:
- node
- supply chain
- operation
D. link - CORRECT ANSWER: A. node
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?
- collective opinion
- expert opinion method
- customer surveys
D. barometric method - CORRECT ANSWER: A. collective opinion
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readings, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out of date, or needing to be recycled.
- deliver
- return
- make
D. plan - CORRECT ANSWER: B. return
According to the Module 1 readings, what benefit is achieved by supply chain integration?
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