SCM Fundamentals Exam 1 / Key Questions with 100% Correct Answers.session 02 featured Cedric Bandoh, who is a rising executive in Supply Chain Management at Hewlett Packard. Cedric described the reason(s) that HP
recruits heavily from our Bauer Supply Chain Management majors as: -
Answer:
- Many executives at HP, including the VP of Procurement ("Buy" Function),
have degrees from Bauer. Also, our SCM majors obtain the breadth and depth of knowledge within their classes that have proven, over time, to enable our graduates to be successful in their careers.
Qs: The policies, people, and decision rules that affect the culture and
operation of the business are considered: -
Answer:
- Infrastructural elements
Qs: The opening video of Session 01 highlighted the position of a
Merchandise Planner, within Supply Chain at the company, Sephora. This Merchandise Planner, Brianna, mentions that to be successful in Supply
Chain Management, one should possess: -
Answer:
- A curiosity for learning because Supply Chain Management involves
"playing in the grey area" where there are a range of possible answers to problems.
Qs: Given the following historical demand, what is the naïve forecast for
Week 5?
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Week 1 = 2000 Week 2 = 4000 Week 3 = 6000 Week 4 = 8000 Week 5 = Predict using the naïve forecast -
Answer:
B. 8000
Qs: Given the following historical demand, what is the weighted moving
average forecast (0.4, 0.3, 0.3) for Week 6?Week 1 = 10000 Week 2 = 9000 Week 3 = 8000 Week 4 = 7000 Week 5 = 6000 Week 6 = Predict using the weighted moving average forecast (0.4, 0.3, 0.3) -
Answer:
C. 6900
Qs: The decision about where a warehouse will be built is considered a: -
Answer:
- Structural Decision
Qs: The opening video to Session 02 included an Inventory Planner at
Lyondell Bassell. This Inventory Planner mentioned that prior to coming to work at a major chemicals company in the field of Supply Chain, a prospective Supply Chain Management employee does not have to have a
background in Chemistry because: -
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Answer:
- Companies like Lyondell Bassell (which hires UH SCM graduates) have
extensive training programs where they teach you everything you need to know about chemicals (or oil, or rockets, or fashion, or technology - whatever industry-specific knowledge you need to be successful).
Qs: At the beginning of the Introduction Session, Starbucks' Supply Chain
was featured. As described in the video, Starbuck's Supply Chain activities
begin with the task of: -
Answer:
- Planting the Coffee Bean Plants at the coffee farms
Qs: The opening video of Session 01 highlighted the position of a
Merchandise Planner, within Supply Chain at the company, Sephora. This Merchandise Planner, Brianna, mentions and demonstrates that her work
within Supply Chain Management consists mostly of: -
Answer:
- Collaboration with a variety of business functions including demand
planners, product allocation, marketing, merchandising and branding functions.
Qs: The closing video within Session 03 featured a Demand Planner at Loreal.
Her role is to utilize Business Analytics to forecast sales for Loreal which is used to plan Sales and Marketing initiatives as well as production and
distribution. She uses a variety of adjectives to describe her job including: -
Answer:
- Adventurous, Exciting, Fun, Imaginative, Creative, Freedom to Think
"Outside of the Box"
Qs: At the end of the Introduction Session, there was a video highlighting
how Supply Chain Management concepts are used in Disaster Relief. The video tells the story of Chip Chappelle, who is a Supply Chain Management
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