Exam (elaborations)
SCM 300 exam 1
Exam of 13 pages for the course Intro to Clinical Psychology 3003 Flinders Univers at Intro to Clinical Psychology 3003 Flinders Univers (SCM 300 exam 1)
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SCM 300 exam 1Supply chain management - CORRECT ANSWER-The efficient intergration of...
-supppliers/manufactures
-transporters, distributers, warehouses
-retailers/delivery costs
primary goals of corporation - CORRECT ANSWER-maximize return, sustain
profit.
1. make money
2. be efficient
3. Be different
*competitive priorities - CORRECT ANSWER-1. Cost
2. Quality
3. Time
4. Flexibility
1. Cost - CORRECT ANSWER-Material costs, Production costs,
packaging,storage quality, serivce, organzational costs,
2. Quality - CORRECT ANSWER-Design quality, Material and production quality,
quality level delivered, consistent quality, service quality.
3. Time - CORRECT ANSWER-Delivery time, On time delivery, staying on
schedule
4. Flexibility - CORRECT ANSWER-product customization flexibility, volume
flexibility, mass customization, design flexibilty, facility felixibilty, employee
flexibility.
procurement (purchasing) - CORRECT ANSWER-department responsible for
purchasing materials, equipment.
operations - CORRECT ANSWER-branch responsible for making processes
effective and efficient
, logistics - CORRECT ANSWER-branch responsible for developing transportation
itinerary and finding the right storage partner
reverse logistics - CORRECT ANSWER-management of products that flow
backwards. ex deffective returns
global supply management - CORRECT ANSWER-when supply chains span
across multiple countries
1st tier suppliers - CORRECT ANSWER-companies direct suppliers
2nd tier suppliers - CORRECT ANSWER-a firm that provides goods to a
companies first tier supplier
down stream supply chain - CORRECT ANSWER-in a supply, the direction the
points toward the consumer
upstream supply chain - CORRECT ANSWER-direction that points upward in a
supply chain
three SCM flows - CORRECT ANSWER--materials
-money
-Information
business model - CORRECT ANSWER-companies plan for purchasing,
transportation, delivery and profit.
supply chain visibility - CORRECT ANSWER-the ability to see whats happening
upstream and downstream in a supply chain
profit - CORRECT ANSWER-revenue- costs
ROI - CORRECT ANSWER-total profit- total investment
core competencies - CORRECT ANSWER-primary advantage company holds
over the competition
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