Scmn 3150 - Test #3, Scmn 3150 Test 3 |121 Questions| With Correct Answers.

focuses on planning, implementing, and controlling the cross-borader flows of materials, money, and information into through and out of the firm across national borders to achieve corporate objectives at a minimum total cost {Ans: global supply chain management}According to the seven principles of SCM, developing an effective supply chain-wide technology strategy will do what? {Ans: Provide a clear view of the flows, information money and products}What type of software tools help SC managers understand why events occurred, their likelihood of re-occurrence, and the impact of supply chain changes through advanced quantitative analysis, data mining, and predictive modeling? a. Business analytics tools b. Supply chain event management tools c. Supply chain planning tools d. Business intelligence tools {Ans: Business analytics tools}documentation and information sharing activities geared toward creating visibility and control. {Ans: Communication Channel}help managers gain accurate. Detailed insight into issues that affect the development of supply chain activities algorithms. Within a stated time horizon {Ans: Planning}When sourcing goods globally, organizations must evaluate more than just a potential supplier's ability to reduce material and labor costs. True or false {Ans: True}