100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SCMN-2150 Exam 1 Questions with Correct Answers $13.39   Add to cart

Exam (elaborations)

SCMN-2150 Exam 1 Questions with Correct Answers

 10 views  0 purchase
  • Course
  • SCMN-2150
  • Institution
  • SCMN-2150

Supply Chain Management Correct Answer creates strong end to end supply chain from the upstream supplier to the downstream consumer. An integrated collected of organizations, people, activities, information, and resources Includes all the activities that its takes to get products from the sup...

[Show more]

Preview 2 out of 11  pages

  • September 20, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SCMN-2150
  • SCMN-2150
avatar-seller
ExamsGuru
SCMN-2150 Exam 1 Questions with Correct
Answers
Supply Chain Management Correct Answer creates strong end to end supply chain from
the upstream supplier to the downstream consumer.

An integrated collected of organizations, people, activities, information, and resources

Includes all the activities that its takes to get products from the supplier to the
consumer, involves everything from raw material extraction, to component fabrication, to
production and distribution of tangible goods, so the finished product is available to
meet consumer demand

The 7 "Rights" of supply chain management - how to succeed Correct Answer In the
right product
In the right quantity
To the right customer
At the right time
At the right place
In the right condition
At the right cost

Supply Chain Goals Correct Answer *Customer care, industry competitiveness,
efficient, responsive and resilient
*Better, faster, cheaper and more responsive
*Drive revenue, lower cost

Essential Activities Correct Answer - Planning and forecasting (build, buy and sell)
- Procurement (buy/make it)
- Operations (transforming input into output)
- Logistics and transportation

Key Participants Correct Answer - Suppliers, manufacturers, retailers, customers
Back and Forth Flows
- Flows of product, information and money
- Create visibility, drive utility, release funds

Essential Processes Correct Answer - Supply chain planning (PLAN), purchasing
(BUY), production (MAKE),
fulfillment (MOVE), post sales report (SERVICE)

Supply Chain Strategy Correct Answer segment customers based on service needs,
customize the logistics network, drive operations from demand, differentiate product

, closer to the customer, source strategically, develop strong supply-chain technology,
use supply chain spanning performance measures

Supply Chain Strategy: Create greater utility for customers Correct Answer - time utility,
place utility, form utility
- Creates high customer expectations

Pursue cross-chain alignment Correct Answer simple system to a fully synchronized
system

M2- Supply Chain Network Design Correct Answer Network design influences ability to
meet demand, capacity you have, costs of customer service, and kind of service you
give

Nodes: Correct Answer fixed points in a supply chain where goods are processed,
mixed, held, or sold

Links: Correct Answer the transportation method used to connect the nodes in the
supply chain
- Trucks, trains, ocean ships, airplanes, pipelines
- Intermodal transportation: 2 or more modes are used

Geographic scopes & number of nodes: Decision factors Correct Answer product value,
weight and dimensions, demand, shelf life

Geographic scopes & number of nodes: Centralized (efficiency) Correct Answer -
Control: decision making, authority at a single node in supply chain
- Benefits: lower inventory & safety stock levels, single location creates
better visibility, lower overhead stock, less labor, smaller management
team, economies of scale
- Challenge: longer lead times, higher delivery costs, potential inefficiencies
as single facility grows, potential issues w/ regional customers

Geographic scopes & number of nodes:Decentralized (effectiveness) Correct Answer
multiple factories & distribution centers that serve
a particular market
- Move shorter distances to stores, less money spent on transportation
- Control: customer interaction, flow of goods, local decision making
authority
- Benefits: customer proximity which creates shorter lead times, lower
delivery costs, and more responsiveness to demand
- Challenges: more safety stock in the system, higher overhead costs b/c of
more managers and no economies of scale
- Risk: lack of control and coordination

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsGuru. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.39
  • (0)
  Add to cart