SCMN 3150 || All Correct.

What is SCM and why is it important? correct answers art of managing the flow of materials, products, information, & financial resources from source to user important to maintain & improve the efficiency of a company BETTER, FASTER, CHEAPER and provides valuable opportunities to create competi...

that are the three post-sale service activities correct answers after sales support, service parts logistics, reverse logistics methods what is the first phase of the service process correct answers post-sales support what is post sales support intended to help us correct answers quickly learn...

supply chain management correct answers the "art" of managing the flow of materials and products, info, and financial resources from source to user what is the order of the supply chain cycle? correct answers suppliers -> manufacturers -> distributors -> retailers -> consumers wh...

What is procurement? correct answers - the purchase of merchandize or services at the optimum possible total cost in the correct amount and quality --> Best price, quantity, and quality --> day to day purchasing function What is Strategic Sourcing? correct answers institutional procureme...

What is Supply Chain Management? correct answers the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) correct answers It provides valuable opportunities to create competitive advantage: 1. develop collaborative,...

According to the Episode 1 reading (found on ), what benefit is achieved by supply chain integration? correct answers Shorter order cycle times Supply chain management simply focuses on moving and storing products. You don't have to worry about strategy, people issues, or information. correct an...

Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality correct answers Procurement Why is the buy process s...

Short-range planning correct answers job assignments, ordering, job scheduling, dispatching, day to day activities. For operations managers and supervisors. Hourly, daily, weekly Intermediate-range planning correct answers demand planning and forecasting, sales and operations, production planning...

How is global SCM different from domestic SCM? correct answers Global SCM focuses on planning, implementing, and controlling the cross-border flows of materials, money and information between companies in different countries What are the key channels for global SCM? correct answers Transaction Ch...

When supply chain data is said to be RELEVANT, it must correct answers contain pertinent details and support analysis * Tools like the internet, virtual private networks, and cloud computing like geographically dispersed supply chains to a common data pool that allows companies to improve their c...

Post-Sales Process correct answers first phase of service process intended to help customers learn how to use products correctly. Goal of saving money, reduce resources, boost customer loyalty Customer Service correct answers post sales process focused on enhancing the level of customer satisfact...

According to the second Episode 1 reading, the Gartner Top 25 ratings are based on six criteria. Which of these is NOT one of those criteria? A. inventory turns B. total supply chain cost C. Corporate social responsibility score D. Peer opinions correct answers Total supply chain cost Wha...

What is procurement? How does it differ from strategic sourcing? correct answers Procurement can be defined as the purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. Strategic sourcing is an institutional procurement process that continuously im...

Kraljic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers supply risk and spending level Which types of purchases include the modules and components that are used in production processes and add value to the product? correct answers direct materials ...