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OMIS Exam 1 SELU Question and answers already passed

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OMIS Exam 1 SELU Question and answers already passed OMIS Exam 1 SELU Raw materials manufacturers Component and intermediate manufacturers Final product manufacturers Wholesalers and distributors and Retailers - correct answer A supply chain consists of flow of products and services from...

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  • November 6, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS Exam 1 SELU
Raw materials manufacturers
Component and intermediate manufacturers
Final product manufacturers
Wholesalers and distributors and
Retailers - correct answer ✔A supply chain consists of flow of products and
services from


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


direct customers - correct answer ✔first-tier customers


First-tier supplier - correct answer ✔the direct suppliers and customers of the
foal firm.


raw-material suppliers - correct answer ✔second-tier suppliers


retailers - correct answer ✔second-tier customers


Third-Party Service Provider - correct answer ✔Companies will focus on
improving supply chain capabilities with initiatives such as
huge emerge , fedex, UPS, DHL, etc.

, supply, operations, logistics, and integration - correct answer ✔foundation of
SCM


Supplier management - correct answer ✔encouraging or helming the firms
suppliers to preform in some desired fashion


supplier evaluation - correct answer ✔determining supplier capabilities


Supplier Certification - correct answer ✔third party or internal certification to
assure product quality and service requirements


large inventories, large numbers of suppliers, complex products, costumers
with large purchasing budgets. - correct answer ✔Who benefits the most
from SCM?


bullwhip effect - correct answer ✔- lack of communication, lack of
coordination and lack of forecasting


Reduced Bullwhip Effect - correct answer ✔- the magnified reduction of
safety stock costs based on coordinated planning and sharing of information


strategic partnerships - correct answer ✔successful and trusting
relationships with top-preforming suppliers.


demand management - correct answer ✔match demand to available
capacity

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