100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
OMIS 320 Test 1 Question and answers rated A+ $14.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. OMIS
  4.  
  5. OMIS

Exam (elaborations)

OMIS 320 Test 1 Question and answers rated A+

 0 view  0 purchase
  • Course
  • OMIS
  • Institution
  • OMIS

OMIS 320 Test 1 Question and answers rated A+ OMIS 320 Test 1 Supply Chain Management (SCM) - correct answer the integration of key business processes regarding the flow of materials from raw material suppliers to final customers Vertically Integrated firm - correct answer a firm whose ...

[Show more]

Preview 2 out of 13  pages

Document information

  • November 5, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • OMIS
  • OMIS

Seller

avatar-seller
Academia199

Reviews received

Content preview

OMIS 320 Test 1
Supply Chain Management (SCM) - correct answer ✔the integration of key
business processes regarding the flow of materials from raw material
suppliers to final customers


Vertically Integrated firm - correct answer ✔a firm whose business
boundaries include former suppliers and/or customers


first-teir suppliers, first-teir customers - correct answer ✔The ____________
suppliers are thus the focal firm's second-tier suppliers, and the ___________
customers are the focal firm's second-tier customers


1950-1960 - correct answer ✔U.S. manufacturers focused on mass
production techniques as their principal cost reduction and productivity
improvement strategies.


1960-1970 - correct answer ✔Introduction of new computer technology lead
to development of Materials Requirements Planning (MRP) and
Manufacturing Resource Planning (MRPII) to coordinate inventory
management and improve internal communication.


1980-1990 - correct answer ✔Intense global competition led U.S.
manufacturers to adopt Supply Chain Management along with Just-In-Time
(JIT), Total Quality Management (TQM), and Business Process
Reengineering (BPR) practices.


2000-Beyond - correct answer ✔Industrial buyers will rely more on third-
party service providers (3PLs) to improve purchasing and supply
management. Wholesalers/retailers will focus on transportation and logistics

, more & refer to these as quick response, service response logistics, and
integrated logistics.


Important elements of Supply Chain Management - correct answer ✔Supply
Operations
Logistics
Integration


Supply - correct answer ✔supply base reduction, supplier alliances, SRM,
global sourcing, ethical and sustainable sourcing


Operations - correct answer ✔demand management, CPFR, inventory
management, MRP, ERP, lean systems, Six Sigma quality


Logistics - correct answer ✔logistics management, CRM, network design,
RFID, global supply chains, sustainability, service response logistics


Integration - correct answer ✔barriers to integration, risk and security
management, performances measurement, green supply chains


Foundation of Supply Chain Management - correct answer ✔Supply
Management
Operations
Distribution
Integration


Supply Management - correct answer ✔supplier management, supplier
evaluation, supplier certification, strategic partnerships

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85169 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
$14.49
  • (0)
  Add to cart