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OMGT 4763 Exam 1 Questions and Answers
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OMGT 4763 Exam 1 Questions and Answers
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OMGT 4763 Exam 1 Questions andAnswers
Supply Chain Surplus - Answer-= Customer Value - Supply Chain Cost
supply chain decisions - Answer-strategy & design, planning, operations
customer - Answer-the only source of revenue
strategy & design decisions - Answer-Multi-year time horizon, SC configuration,
outsource or in-house, location of the facilities, logistics, information systems
planning decisions - Answer-quarter to year time frame, constrained by strategy,
forecast for next year, marketing targets
operation decisions - Answer-weekly/daily time horizon, planning is fixed, fill customer
orders, schedule deliveries
supply chain network - Answer-network has a constant flow of product, information and
money. It is through these flows that a supply chain fills a customer order.
supply chain network order - Answer-supplier, manufacturer, distributor, retailer,
customer
primary purpose of supply chain - Answer-satisfy customer needs
Cycle View - Answer-The processes in a supply chain are divided into a series of
cycles, each performed at the interface between two successive stages of the supply
chain.
Push/Pull View - Answer-processes in a supply chain are divided into two categories
depending on whether they are executed in response to a customer order or in
anticipation of customer orders. (pull) processes are initiated by a customer order,
whereas (push) processes are initiated and performed in anticipation of customer orders
pull - Answer-processes are initiated by a customer order
push - Answer-processes are initiated and performed in anticipation of customer orders
CRM - Answer-All processes at the interface between the firm and its customers
ISCM - Answer-all processes that are internal to the firm
SRM - Answer-all processes at the interface between the firm and its suppliers
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