100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SCM 300 Exam 1 Module 1 With 100% Correct And Verified Answers $14.49   Add to cart

Exam (elaborations)

SCM 300 Exam 1 Module 1 With 100% Correct And Verified Answers

 2 views  0 purchase
  • Course
  • SCM 300
  • Institution
  • SCM 300

SCM 300 Exam 1 Module 1 With 100% Correct And Verified Answers

Preview 2 out of 7  pages

  • November 9, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • competitive priorities
  • SCM 300
  • SCM 300
avatar-seller
Vendarsol
SCM 300 Exam 1 Module 1 With 100%
Correct And Verified Answers
Supply Chain Management (SCM): - Correct
Answer-"The effective and efficient integration of
the suppliers, manufacturers, transportation
organizations as well as the other parties
responsible for collectively bringing products and
services to market."

Procurement - Correct Answer-"The branch of an
organization responsible for acquiring materials,
equipment, products, and services. This would
entail finding suppliers, choosing the supplier that
offers the best value, negotiating the terms of the
purchase, placing orders, and developing long-term
relationships with suppliers so that consistent and
improved quality can be expected from their
suppliers over a long period of time."

Operations - Correct Answer-"The branch of the
supply chain responsible for making business
processes effective and efficient. In essence,
operations seeks to help the organization create
high quality products and/or services using the
fewest resources possible."

Logistics - Correct Answer-"The branch of the
supply chain 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."


iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

, Reverse Logistics - Correct Answer-"The
management of products that flow backward in the
supply chain, away from the consumer and back in
the direction of manufacturers. (The management
of materials moving upstream in the supply chain)"

Global SCM - 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. Effective and efficient management of
supply chain partners across multiple countries can offer both competitive
advantages as well as complicating circumstances."

1st-tier and 2nd-tier suppliers - Correct Answer-"A company's direct
suppliers. A firm that directly provides goods and/or services to a
company."

2nd trier "A firm that provides goods and/or services to a company's first-
tier supplier."

Upstream - Correct Answer-"In a supply chain, the direction that points
toward the suppliers."

Downstream - Correct Answer-"In a supply chain, the direction that points
toward the end consumer."

Three SCM Flows - Correct Answer-"In order for supply chains to function
and develop, three things must continuously flow: Materials, Money, and
Information"

Business Model - Correct Answer-"A company's plan for how it will
purchase items, transform them, deliver them, and sell them in an effort to
produce a profit."

iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

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 Vendarsol. 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)

81113 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