Scmn 3150 Exam 1 /actual Exam Questions With Correct Detailed Answers |latest Update 2024/2025 Graded A+

What is the goal of capacity planning? {Ans: to match capacity and demand capacity>demand: risk excess inventory capacityTime Utility {Ans: having products available at the time customers want them}Direct Distribution {Ans: A channel of distribution in which goods and services move directly from the producer to the consumer or industrial user Higher transport cost Minimal Inventory (higher risk of items being out of stock) No backup Very low handling costs No facility investment ex: Newspaper - highly perishable, local production, narrow demand, no storage requirement}Who is the most important participant in SCM? {Ans: Consumers _________________ demand drives everything we do}What value-adding process takes place at supply chain nodes? {Ans: Incoming materials are converted into a more valuable state (quantity, assortment, form) to meet downstream customer needs.}What is capacity planning and why do companies engage in it? {Ans: the process of establishing the output rate that can be achieved (throughput) impacts ability to meet demand influences operating costs affects comptitiveness ex. what is the ideal amt of Hershey's kisses per bag}