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SCM 300 Exam 3 Questions with Correct Answers

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SCM 300 Exam 3 Questions with Correct Answers Last mile - Answer-Refers to the part of supply chain were the final inventory holding facility is on its way to the end consumer Centralized purchasing - Answer-A purchasing system were all corporate employees are required to file requests for p...

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  • August 15, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • scm 300
  • scm 300 exam 3
  • scm 300 exam 3 questions with correct answers

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  • SCM 300
  • SCM 300

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SCM 300 Exam 3 Questions with
Correct Answers
Last mile - Answer-Refers to the part of supply chain were the final inventory holding
facility is
on its way to the end consumer

Centralized purchasing - Answer-A purchasing system were all corporate employees
are required to
file requests for purchase through a purchasing department that handles the logistics of
that
order.

centralized purchasing advantages - Answer-1. Avoiding duplication: since all
employees must go through the same
department if two employees made the same request then it will be clear and
easy to avoid
2. Quantity discounts, whole sale prices.
3. Establishing suppliers base, building deep suppliers relations.
4. Supplier Specialization: since a lot of items are bought over and over again,
the purchasing department can develop a more complicated depth of understanding to
the items being purchase

Decentralized purchasing - Answer-Unlike centralized purchasing, requests are sent to
each department
separately, meaning that each office can make purchases all on their own

Decentralized Purchasing advantages - Answer-Closer knowledge of requirements:
knowing exactly what to buy and from
which supplier to get the best part of the product they want.
2. Closer knowledge of suppliers: since Purchasing Departments can be far away, local
buyers can make better decisions on purchasing.
3. Speed of purchase

Tier 1 supplier (s1) - Answer-are the direct suppliers of the company, providing goods
and services to the company directly.

Tier 2 Suppliers (S2) - Answer-providing goods and services to S1, S2 suppliers must
be on point because if not then S1 are not on point and neither is the company.

Building Deep Supplier Relationships - Case Study - Answer-Toyota and Honda have
this way of creating good competition between their

, suppliers without treating them like they have no dignity. They also, unlike GM and
American auto makers, don't let suppliers fight over the cheapest deal possible and kick
the others out the water. They care about quality as well as price, and time after time
they have showed innovation, reliability, and customer loyalty that is not found in
American
automakers. The reason we see this in Japan and not the U.S is because they play the
game
different, they prioritize different, and the way they share information is different. It's like
a
really good and complicated jazz song, if everyone's on board than its perfect, but if
someone
messes up than we need to change that person and give someone else an opportunity
until the
person that messed proves worthy of coming back. That jazz song is called "Keiretsu"
or the
Keiretsu System. Turning supplier rivalry into opportunity, getting the most out of their
suppliers' creativity as possible for the benefit of the company.

Cargo Classifications - Answer-Bulk, Break Bulk, Neo-Bulk

Bulk cargo - Answer-anything that is loose and free flowing cargo. Can be shoveled,
pump, bucket or scooped. Ex: rice, grain

Breakbulk cargo - Answer-general or packaged cargo. Bagged or boxed rice

Neo-bulk cargo - Answer-items with a mix of characteristics. Both bulk and break.
Automotibles, logs, steel.

TL and CL - Answer-large shipments. Full truckload and Full container load

LTL and LCL - Answer-less than a truck/ container load. Smaller shipment that cannot
fill a consolidation of multiple shipments required.

Multimodal - Answer-use of more than one mode of transport during a single shipment

Intermodal - Answer-·seamless multimodal shipment. No need to unload container,
repackage package. One container for entire trip.

Measured in TEU (Twenty-foot equivalent unit): - Answer-each 20 footer = 1TEU and
each 40 footer = 2 TEU

Controlled Atmosphere Container AKA REEFERS - Answer-temperature controlled,
record temperature throughout transport. Longer transit times possible, delay
aging/repining process, reduce water loss & weight shrinkage, eliminates insects,
harmful gases removed.

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