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SCM 300 Module 1 (Davila)
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SCM 300 Module 1 (Davila)
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SCM 300 Module 1 (Davila)Supply Chain Management - CORRECT ANSWER-the effective and efficient
integration of the suppliers, manufactures, transportation organizations as well as
parties responsible for collectively bringing products and services to market
Procurement - CORRECT ANSWER-the branch of an organization responsible
for acquiring materials, equipment, products, and services.
The department responsible for shopping.
Operations - CORRECT ANSWER-A branch in the supply chain responsible for
making business processes effective and efficient. They help the organization
create high quality products/ services using the fewest resources
Logistics - CORRECT ANSWER-A branch in the supply chain responsible for
developing the transportation itinerary and finding reliable transportation and
storage partners, to be able to navigate the flow of materials to the final
destination
Reverse Logistics - CORRECT ANSWER-the management of products and
packaging that flow backward in the supply chain, away from the consumer and
back in the direction of manufactures.
EX: when the customer returns a damaged product to the store.
Global SCM - CORRECT ANSWER-when suppliers, manufacturers,
transportation companies, warehouse distribution centers, retailers, and other
supply chain partners span across multiple countries/ continents
1st-tier Suppliers - CORRECT ANSWER-a company's direct supplier. A firm that
directly provides goods and/ or services to a company
2nd-tier Suppliers - CORRECT ANSWER-a firm provides goods and/ or services
to a company's first-tier supplier
Downstream - CORRECT ANSWER-It's the direction in which products flow
towards an end consumer. Direction is the right
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