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SCM 300 Exam 1 Modules 1-4 (Chaturvedi) 2024 QUESTIONS & ANSWERS
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SCM 300 Exam 1 Modules 1-4 (Chaturvedi) 2024 QUESTIONS & ANSWERS
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10/5/24, 6:03 PMSCM 300 Exam 1 Modules 1-4 (Chaturvedi)
Jeremiah
Terms in this set (52)
Supply Chain Management The management of the chain of supplies
SCM Flows/Strategy buy it -> make it -> move it -> sell it -> service it
1. cost
2. quality
Competitive priorities of SCM
3. speed/time
4. flexibility
Procurement, Manufacturing, Distribution, Inventory Management, Logistics,
What are the supply chain functions?
Demand Planning
Process of obtaining services, supplies, and equipment in conformance with
Procurement (Buy it)
corporate regulations
Process of converting raw materials or components into finished goods through
Manufacturing
production operations.
Distribution Involves the storage, transportation, and delivery of finished goods to customers.
Includes the control and optimization of inventory levels to meet demand while
Inventory Management
minimizing costs.
Developing the transportation itinerary and finding reliable transportation and
Logistics (move it)
storage partners, to be able to navigate the flow of materials to the final destination
Involves forecasting future demand for products or services to optimize inventory
Demand Planning
and production.
A refrigerated container used for transporting perishable goods that require
Reefer (Controlled Atmosphere (CA)
temperature-controlled environments, such as fruits, vegetables, dairy products, and
Containers)
pharmaceuticals.
Free flowing cargo, stored loose... loaded by shovel, pump, bucket or scoop
Bulk Cargo
Ex: coal, rice, grain, raw sugar, oil, sulfur
1/4
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