SCMN 2150 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.

What is a supply chain? - Answer-a collection of organizations, people, activities, information, and resources who is involved in the supply chain? - Answer-customers, retailers, manufacturers, and suppliers what is supply chain management? - Answer-All the activities that take place to get a pro...

What is a supply chain? - Answer-Organizations and activities involved with the flow of products from raw materials to the customer What is supply chain management? - Answer-the art of managing the flow of materials and products, information, and financial resources from source to user Why is su...

What is procurement? - Answer-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - Answer-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to stra...

Supply chain management - Answer-the art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain - Answer-- Suppliers - Manufacturers - Distributors - Retailers - Consumers...

What is Supply Chain Management? - Answer-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relati...

What is procurement? - Answer-The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company ...

According to the Module 1 readings, what benefit is achieved by supply chain integration? A. reduced facility investment B. greater demand planning accuracy C. greater equipment utilization D. rationalized product handling - Answer-B. greater demand planning accuracy According to the Module 1 r...

what are the key supply chain data requirements - Answer-1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning - Answer-solutions support the forward-looking process of coordinating assets to optimize the delivery of...

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the suppl...