Exam (elaborations)
BA302 Exam 1 questions and 100% correct answers
- Course
- Institution
BA302 Exam 1 questions and 100% correct answers
[Show more]
Content preview
BA302 Exam 1why study supply chain - correct answer •Every organization must make a product or provide a service that someone values.
•Most organizations function as part of larger supply chains.
•Organizations must carefully manage their operations and supply chains in order to prosper and, indeed, survive.
operations management - correct answer The planning, scheduling, and control of the activities that transform inputs into finished goods and services.
inputs - correct answer - materials
- intangible needs - information
transformation process - correct answer - manufacturing operations - service operations
outputs - correct answer - tangible goods
- fulfilled needs - satisfied customers
supply chain management - correct answer The active management of supply chain activities and relationships in order to maximize customer value and achieve a sustainable competitive advantage.
supply chain - correct answer A network of manufacturers and service providers that work together to create products or services needed by end users. These manufacturers and service providers are linked together through physical flows, information flows, and monetary flows. upstream - correct answer - Activities or firms positioned earlier in the supply chain.
- seconds tier supplier, first tier supplier
downstream - correct answer - Activities or firms positioned later in the supply chain.
- distributor, retailer
first tier supplier - correct answer A supplier that provides products or services directly to a firm.
second tier supplier - correct answer A supplier that provides products or services to a firm's first-tier supplier.
Supply Chain Operations Reference (SCOR) Model - correct answer •Planning activities, which seek to balance demand requirements against resources and communicate these plans to the various participants.
•Sourcing activities, which include identifying, developing, and contracting with suppliers and scheduling
the delivery of incoming goods and services.
•"Make," or production, activities, which cover the actual production of a good or service.
•Delivery activities, which include everything from entering customer orders and determining delivery dates to storing and moving goods to their final destination.
•Return activities, which include the activities necessary to return and process defective or excess products or materials.
supply chain flows - correct answer - source: raw material, sub producer - make: manufacturing plant - deliver: distributor/wholesaler, retailer, end customer - return
agility - correct answer The ability to recalculate plans in the face of market, demand and supply volatility and deliver the same or comparable cost, quality and customer service.
information technologies - correct answer -Internet -Electronic Commerce
people - correct answer -There is currently a shortage of talented operations and supply chain professionals.
-Poor relationships within any link of the supply chain can have disastrous consequences for all other supply
Potential Career Paths in Operations and Supply Chain Management - correct answer -Analyst
-Production Manager
-Service Manager
-Sourcing Manager
-Commodity Manager
-Supplier Development Manager
-International Logistics Manager
-Transportation Manager
Professional Organizations - correct answer -APICS - The Association for Operations Management
-ISM - The Institute for Supply Management
-CSCMP - The Council of Supply Chain Management Professionals
-ASQ - The American Society for Quality
Major Operations and Supply Chain Activities - correct answer -Process selection
-Forecasting
-Capacity planning
-Inventory management
-Planning and control
-Purchasing
-Logistics
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller brittton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now