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SCM 300 Exam 1 Davila asu complete questions and answers
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SCM 300 Exam 1 Davila asu completequestions and answers
Supply Chain Management CORRECT ANSWERS 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 ANSWERS · 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 ANSWERS · 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 ANSWERS · 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 ANSWERS 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 ANSWERS · 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 ANSWERS · 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 ANSWERS proximity, labor costs, etc.
challenges of global SCM CORRECT ANSWERS distance, culture, laws, time zones,
etc.
,1st Tier Supplier CORRECT ANSWERS · A company's direct suppliers
· A firm that directly provides goods and/or services to a company (left)
2nd tier suppliers CORRECT ANSWERS · 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 ANSWERS · Direction that points toward the end
consumer (right)
Downstream activities CORRECT ANSWERS 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 ANSWERS · Direction that points toward the
suppliers (left)
Executives that works in upstream supply chain management might be responsible for
CORRECT ANSWERS : 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 ANSWERS 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 ANSWERS · 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 ANSWERS · 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 ANSWERS · Revenue - Cost
· Important supply chain costs: materials, labor, energy, transportation, packaging,
storage, defects, insurance
ROI CORRECT ANSWERS = total profit / total investment
competitive priorities CORRECT ANSWERS · Cost
· Quality
· Speed
· Flexibility
core competencies CORRECT ANSWERS · The primary advantage a company has
over its competitors
· Difficult, or impossible, to replicate
· A company with a core competency has a better: product design, sole access to a
world-class supplier, a culture of happy and motivated employees that are friendly to
customers, or perhaps a well-respected brand name
Stakeholders CORRECT ANSWERS · Owners, investor's, stockholders, donors
· Managers, employees, business partners
· Customers, victims, being served
value CORRECT ANSWERS · is the ratio of "output purchased" divided by "inputs used
to purchase" the product or service.
· Value can be increased by giving the customer more for the same price, or by giving
them the same amount at a lower price.
o What did I buy? / What did it cost me?
Productivity CORRECT ANSWERS · Ratio of outputs to inputs. Companies seek to
MAXIMIZE amount of outputs that can be produced, while trying to MINIMIZE required
inputs. Can only be compared to the productivity of periods that precede present
productivity.
7 types of waste CORRECT ANSWERS · Defects - Poorly manufactured products are
garbage.
· Overproduction - Making products no one needs is a waste of time, money, and effort.
· Transportation - Moving products does not make the products better, in fact it
increases the possibility of theft, damage, and loss.
· Motion - If employees move too much in a supply chain they could get tired, injured,
they may be wasting time.
· Waiting - Work-in-process waiting to be finished was made too early. Items should not
be produced too far in advance of their need.
· Inventory - Items on the shelf are not providing an immediate return and they could get
lost, broken, or stolen.
· Over-Processing - Doing work that is unnecessary or undesired is a waste of time and
resources.
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