SCM 300 Exam 1 Davila Study Guide Solutions Updated 2024

SCM 300 Exam 1 Davila Study Guide Solutions Updated 2024 Supply chain management- - ANSWER-Efficient integration of: -Suppliers and manufacturers -transporters, distribution centers, warehouses -Retailers and all other parties associated tasked with the successful devivery of final product/service Primary goals of Corporation - ANSWER--Sustain Long-term profits -Maximize Return on Investment (ROI) How to do it? make money, avoid waste Profit formula - ANSWER-Revenue - Cost (SC costs: materials, labor, energy, transportation, packaging, storage, defects, insurance) ROI formula - ANSWER-Profit / Investment Aspects, formula of Value (customer perspective) - ANSWER-What do I get (Quantity, quality) Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED Page 2/10 ------------------------------------ What is the price? (money, time) -Trust, quality, way company presents self Aspects, formula of Productivity (Organizational Perspective) - ANSWER-What did I make? (Outputs) ------------------------------- What was the cost (Inputs) -Dont want to waste things. The 4 Competitive Priorities - ANSWER-1. Cost 2. Quality 3. Speed/time 4. Flexibility Aspects of COST (competitive priorities) - ANSWER--Material Cost -Production Cost -Packaging Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED Page 3/10 -Quality Costs (returns repairs) -Customer service cost -Other (marketing, finance, waste disposal, rent, insurance, legal etc) Aspects of QUALITY (competitive priorities) - ANSWER--Design Quality -Material and production quality -Quality level delivered (how it looks when delivered) -Consistent quality (builds trust) -Service quality (sales, support, repairs) Aspects of TIME (competitive priorities) - ANSWE