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SCM 300 Exam 1 Module 1 questions well solved
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SCM 300 Exam 1 Module 1 questions well solved
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SCM 300 Exam 1 Module 1Efficient Integration - correct answer ✔✔SCM is the __________ ___________ of suppliers, transporters,
manufacturers, warehouses, retailers and all other parties associated with the delivery of the final
product
Materials, Information, Money - correct answer ✔✔The 3 items needed in SCM to "Keep the blood
flowing"
Long-Term Profits, ROI - correct answer ✔✔The primary goals of a business are to have sustainable
__________ ________, and to maximize ______
Value - correct answer ✔✔Business: Increasing revenue provides this
Productivity - correct answer ✔✔Business: Controlling costs increases this, and eliminates waste
Core Competency - correct answer ✔✔A Primary Skill or Knowledge that is difficult to learn, copy, or
acquire, and is Intangible!
Value - correct answer ✔✔Which is from a Customer Perspective: Value or Productivity
Productivity - correct answer ✔✔Which is from an Organizational Perspective: Value or Productivity
Value - correct answer ✔✔Formula: What do I get? / What is the price?
Productivity - correct answer ✔✔Formula: What did I make? / What was the cost?
Cost, Quality, Time, Flexibility - correct answer ✔✔The 4 Competitive Priorities of business
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