SCM 303 Exam 1 MSU FS18 Questions and Correct Answers the Latest Update
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Course
SCM 303
Institution
SCM 303
supply chain
the global network of organizations and activities involved in designing, creating,
delivering, consuming, and disposing of goods and services
supply chain 3 steps
buy it, make it, move it
supply chain management
management of internal and external relationships in supply cha...
✓ the property of a good or service that can be sold in another location distant from
where it was produced
How has tradability changed over time?
✓ what is valued now is different than before, energy sources, transportation,
materials, and communication
comprehensive view of supply chain
✓ logistics, procurement, and operations (+ EGR and MKT = "Value Chain")
Who was the term "supply chain" coined by?
✓ Booz Allen Hamilton consultants
common supply chain challenges
✓ meeting customer requirements, lowering costs, improving quality, aligning supply
chains with the company's competitive strategy, evolving with the needs of
customers, competition, and technology
KPI
✓ Key Progress Indicator
corporate strategy
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