SCM 300 Exam 1 Davila Asu With 100%
Correct And Verified Answers
Supply Chain Management - Correct Answer-The effective and
efficient integration of the suppliers, manufacturers, transportation
organizations and the other parties responsible for collectively
bringing final products and services
procurement - Correct Answer-· Branch responsible for obtaining
materials, equipment, products, and services with organizational
regulations.
· Consists of finding suppliers, choosing the supplier that offers the
best value, negotiating terms of the purchase, placing orders, and
developing long-term relationships with suppliers
logistics - Correct Answer-· Branch responsible for developing the
transportation itinerary and finding the appropriate transportation
and storage partners to successfully navigate the flow of materials
from the point of origin to the final destination
· Logistics managers find trucking companies, package the item,
find distributors, organize documentation, rent standardized
containers
operations - Correct Answer-· Branch responsible for making
business processes effective and efficient. In essence, operations seek
to help the organization create high quality products and/or services
using the fewest resources possible.
operations-what they do - Correct Answer-Oversee design,
operations, and improvement of production
· Companies want to make these items quickly, with as few workers
and machines as possible, using the least amount of energy, cheapest
real estate, and right before the customer needs them.
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,reverse logistics - Correct Answer-· Flow backward in the supply
chain, away from the consumer and back in the direction of
manufacturers (upstream)
· Important segment of the logistics branch. Reminder of how
important it is to be accurate.
Global Supply Chain - Correct Answer-· When suppliers,
manufacturers, transportation companies, warehouse and
distribution centers, retailers, and other supply chain partners span
across multiple countries and/or continents, those are considered
global supply chains.
advantages of global SCM - Correct Answer-proximity, labor costs,
etc.
challenges of global SCM - Correct Answer-distance, culture, laws,
time zones, etc.
1st Tier Supplier - Correct Answer-· A company's direct suppliers
· A firm that directly provides goods and/or services to a company
(left)
2nd tier suppliers - Correct Answer-· Firm that provides goods
and/or services to a company's first-tier supplier (right)
· Weak 2nd tier suppliers creates problems for 1st tier supplier
downstream supply chain - Correct Answer-· Direction that points
toward the end consumer (right)
Downstream activities - Correct Answer-include: delivering goods
from a manufacturer to a distributer, suppliers working to get parts
prepared in time for manufacturers, distributors developing
relationships with retailers so they can better understand the
retailer's supply chain needs
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, Upstream Supply Chain - Correct Answer-· Direction that points
toward the suppliers (left)
Executives that works in upstream supply chain management might be
responsible for - Correct Answer-: ensuring that empty boxes at the retail
level are returned to the distributor for reuse, developing relationships
with a company's 1st tier suppliers in order to better communicate the
needs of the present and the future
In order for supply chains to function and develop, three things must
continuously flow - Correct Answer-o Materials
o Money
o Information
§ If materials stop flowing, nothing will be made
§ If money stops flowing, companies can't buy
things
§ If info stops flowing, poor decisions will be made
business model - Correct Answer-· Companies plan
or purchasing items, transforming them, delivering
them, and selling them for profit
· EX: Amazon VS. Bookstore (Same company,
different business model...2 obvious differences are
purchase and delivery)
· Things to think about are....
o Do we sell to companies or individuals?
o Online, in store, or both?
o Individual purchase or subscribe?
o Main parts or disposable parts? (Razor vs. blades)
supply chain visibility - Correct Answer-· Ability to
see what is happening with inventory upstream and
downstream
· EX: knowing where shipment is, how many is in
shipment, and when it will arrive.
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