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SCM 300 Exam 1 Davila questions well answered to pass
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SCM 300 Exam 1 Davila questions well answered to pass
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SCM 300 Exam 1 DavilaSupply chain management- - correct answer ✔✔Efficient integration of:
-Suppliers and manufacturers
-transporters, distribution centers, warehouses
-Retailers and all other parties associated tasked with the successful delivery of final product/service
Primary goals of Corporation - correct answer ✔✔-Sustain Long-term profits
-Maximize Return on Investment (ROI)
How to do it? make money, avoid waste
Profit formula - correct answer ✔✔Revenue - Cost
(SC costs: materials, labor, energy, transportation, packaging, storage, defects, insurance)
ROI formula - correct answer ✔✔Profit / Investment
Aspects, formula of Value (customer perspective) - correct answer ✔✔What do I get (Quantity, quality)
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What is the price? (money, time)
-Trust, quality, way company presents self
Aspects, formula of Productivity (Organizational Perspective) - correct answer ✔✔What did I make?
(Outputs)
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What was the cost (Inputs)
-Dont want to waste things.
, The 4 Competitive Priorities - correct answer ✔✔1. Cost
2. Quality
3. Speed/time
4. Flexibility
Aspects of COST (competitive priorities) - correct answer ✔✔-Material Cost
-Production Cost
-Packaging
-Quality Costs (returns repairs)
-Customer service cost
-Other (marketing, finance, waste disposal, rent, insurance, legal etc)
Aspects of QUALITY (competitive priorities) - correct answer ✔✔-Design Quality
-Material and production quality
-Quality level delivered (how it looks when delivered)
-Consistent quality (builds trust)
-Service quality (sales, support, repairs)
Aspects of TIME (competitive priorities) - correct answer ✔✔-Delivery time, Lead Time (pizza industry)
From order placement to order fulfillment... includes supplier delivery times, manufacturing time,
transport times, waiting time...
-On Time Delivery (Airline industry)
Reliability vs. Speed... Percentage of time delivered when promised, staying on schedule
-Fast, accurate, or both? Whats important in your industry
Types of FLEXIBILITY (competitive priorities)
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