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SCM 300 Exam 1 Davila asu.
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SCM 300 Exam 1 Davila asuSupply Chain Management - CORRECT ANSWER-The effective and efficient
integration of the suppliers, manufacturers, transportation organizations and the
other parties responsible for collectively bringing final products and services
procurement - CORRECT ANSWER-· Branch responsible for obtaining
materials, equipment, products, and services with organizational regulations.
· Consists of finding suppliers, choosing the supplier that offers the best value,
negotiating terms of the purchase, placing orders, and developing long-term
relationships with suppliers
logistics - CORRECT ANSWER-· Branch responsible for developing the
transportation itinerary and finding the appropriate transportation and storage
partners to successfully navigate the flow of materials from the point of origin to
the final destination
· Logistics managers find trucking companies, package the item, find distributors,
organize documentation, rent standardized containers
operations - CORRECT ANSWER-· Branch responsible for making business
processes effective and efficient. In essence, operations seek to help the
organization create high quality products and/or services using the fewest
resources possible.
operations-what they do - CORRECT ANSWER-Oversee design, operations, and
improvement of production
· Companies want to make these items quickly, with as few workers and
machines as possible, using the least amount of energy, cheapest real estate,
and right before the customer needs them.
reverse logistics - CORRECT ANSWER-· Flow backward in the supply chain,
away from the consumer and back in the direction of manufacturers (upstream)
· Important segment of the logistics branch. Reminder of how important it is to be
accurate.
,Global Supply Chain - CORRECT ANSWER-· When suppliers, manufacturers,
transportation companies, warehouse and distribution centers, retailers, and
other supply chain partners span across multiple countries and/or continents,
those are considered global supply chains.
advantages of global SCM - CORRECT ANSWER-proximity, labor costs, etc.
challenges of global SCM - CORRECT ANSWER-distance, culture, laws, time
zones, etc.
1st Tier Supplier - CORRECT ANSWER-· A company's direct suppliers
· A firm that directly provides goods and/or services to a company (left)
2nd tier suppliers - CORRECT ANSWER-· Firm that provides goods and/or
services to a company's first-tier supplier (right)
· Weak 2nd tier suppliers creates problems for 1st tier supplier
downstream supply chain - CORRECT ANSWER-· Direction that points toward
the end consumer (right)
Downstream activities - CORRECT ANSWER-include: delivering goods from a
manufacturer to a distributer, suppliers working to get parts prepared in time for
manufacturers, distributors developing relationships with retailers so they can
better understand the retailer's supply chain needs
Upstream Supply Chain - CORRECT ANSWER-· Direction that points toward the
suppliers (left)
Executives that works in upstream supply chain management might be
responsible for - CORRECT ANSWER-: ensuring that empty boxes at the retail
level are returned to the distributor for reuse, developing relationships with a
company's 1st tier suppliers in order to better communicate the needs of the
present and the future
In order for supply chains to function and develop, three things must continuously
flow - CORRECT ANSWER-o Materials
o Money
, o Information
§ If materials stop flowing, nothing will be made
§ If money stops flowing, companies can't buy things
§ If info stops flowing, poor decisions will be made
business model - CORRECT ANSWER-· Companies plan or purchasing items,
transforming them, delivering them, and selling them for profit
· EX: Amazon VS. Bookstore (Same company, different business model...2
obvious differences are purchase and delivery)
· Things to think about are....
o Do we sell to companies or individuals?
o Online, in store, or both?
o Individual purchase or subscribe?
o Main parts or disposable parts? (Razor vs. blades)
supply chain visibility - CORRECT ANSWER-· Ability to see what is happening
with inventory upstream and downstream
· EX: knowing where shipment is, how many is in shipment, and when it will
arrive.
· Helpful in making good supply chain decisions
profit - CORRECT ANSWER-· Revenue - Cost
· Important supply chain costs: materials, labor, energy, transportation,
packaging, storage, defects, insurance
ROI - CORRECT ANSWER-= total profit / total investment
competitive priorities - CORRECT ANSWER-· Cost
· Quality
· Speed
· Flexibility
core competencies - CORRECT ANSWER-· The primary advantage a company
has over its competitors
· Difficult, or impossible, to replicate
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