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SCMN Exam 2 Auburn (1).
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SCMN Exam 2 AuburnWhat are key supply chain information requirements? (6) - ANS--Accuracy
-Relevance
-Current (timely)
-Reliable
-Transferable
-Usable
What benefits are created by supply chain information technology? (6) - ANS-1. Cross
chain visibility
2. Speed up process
3. Allows agility (adapt and change)
4. Collaboration (internal or external data pools)
5. Differentiation
6. Risk management
What capabilities does supply chain information technology create? (3) - ANS-1.
Configure - support a company's efforts designing their supply chains, accounting for
future alternative operating models/ trade-offs between different configuration.
2. Optimize - creation and evaluation of optimal plans within the context of the
company's current operating model.
3. Respond - support ability to profitably respond to changes in any aspect of execution
in a near-real-time manner.
What are the major categories of supply chain software? (5) - ANS-1. Supply Chain
Planning*
2. Supply Chain Execution*
3. Event Management & Visibility*
4. Business Intelligence
5. Facilitating tools
What is supply chain planning?
(1 of the 5 major categories of supply chain software) - ANS-Provide accurate/ detailed
information about issues that affect planning and development of supply chain activities
, What is supply chain execution?
(1 of the 5 major categories of supply chain software) - ANS-Facilitate improved
performance of tasks across supply chain
EX: Warehouse management systems, Transportation management systems,
Manufacturing execution systems
What is event management and visibility?
(1 of the 5 major categories of supply chain software) - ANS-Help manage problem
scenarios. Provide accurate/ timely info to ensure that the right product gets to the right
place at the right time
What is business intelligence?
(1 of the 5 major categories of supply chain software) - ANS-Extract key data across the
supply chain and provide to decision makers
What are facilitating tools?
(1 of the 5 major categories of supply chain software) - ANS-Provides access to
relevant data that help support the other categories of supply chain software
Ex: Enterprise resource planning systems, supplier relationship management software,
Automatic ID tools
What is procurement? - ANS-The purchase of merchandise or services at the optimum
possible total cost in the correct amount and quality
The focus of procurement is to buy products and/or services while understanding
business requirements, streamlining purchasing processes, and identifying better
sources of supply
How does procurement differ from strategic sourcing? - ANS-Procurement is the
purchase of merchandise or services at the best price, quantity and quality. Strategic
sourcing is an institutional procurement process that continuously improves and
re-evaluates the purchasing activities of a company.
What is outsourcing and what costs and challenges are involved in outsourcing? -
ANS-Outsourcing is purchasing a product, part, or component from an outside supplier
vs. manufacturing it in-house. It is the act of moving a company's internal activities and
decision responsibility to outside providers. Some challenges to outsourcing include
lack of capable suppliers, inadequate supply, competitive issues, and core
competencies, poor quality supply, expensive supply, long lead-time of supply
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