BM2 Unit 2 Study Guide Review

What can proper inventory save for Jaydon's company?

• Save on their costs.

• Save on labor.

• Save on storage space.

• All of the above.

Deja and Swae are working on a project about Supply Chain Management. What is included in Supply Chain Management?

• Transportation

• Material handling

• Storage

• All of the above.

Ja'Kobe and Deja are discussing various business functions. What are transportation services also part of?

• Financial operations

• Marketing function

• Logistics

• Manufacturing operations

Jaylen and Deja are working on a project. What is included in Internal Functions?

Miracle and Ja'Kobe are organizing a school event. What is traffic management?

• Arranging the method of shipment for both incoming and outgoing products or material.

• Movement of material from manufacturer to the customer.

• Transportation & scarce local material supplies.

• The need to customize products for each market.

Jaylen and Miracle are discussing what transportation, communication, lack of skilled labor, & scarce local material supplies are considered part of?

• Traffic management

• Distribution management

• Infrastructure issues

• Product proliferation

Answer explanation

Infrastructure issues encompass transportation, communication, lack of skilled labor, & scarce local material supplies.

Miracle and Lee are discussing business strategies. What is a measure of how much of the supply chain is owned by the manufacturer?

• Vertical integration

• Backward integration

• Forward integration

• None of the above.

Answer explanation

Vertical integration is a measure of how much of the supply chain is owned by the manufacturer.

Deja and Swae are discussing business strategies. What is owning or controlling of sources of raw material and component parts?

• Vertical integration

• Backward integration

• Forward integration

• None of the above.

Answer explanation

Backward integration involves owning or controlling sources of raw material and component parts.

Deja and Jaylen are working on a project to improve their school's supply chain management. What is required in implementing integrated SCM?

• Analyzing the whole supply chain.

• Improve demand data and Improve profitability

• Implement cost reduction program.

• Suboptimal use of space.

Answer explanation

Analyzing the whole supply chain is required in implementing integrated SCM.

Miracle's company prioritizes flexibility, as they may have a specific need at any given moment and must be prepared to pivot accordingly. What model does Miracle's company use?

• Agile Model

• Flexible Model

• Custom Model

• Efficient Model

Answer explanation

The Agile Model prioritizes flexibility, allowing a company to pivot according to specific needs at any moment.