SCM 300 Exam 1 DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved

SCM 300 Exam 1 DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved 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 branch of an organization responsible for acquiring materials, equipment, products and services. (Purchasing) Operations - correct answer responsible for making business processes effective and efficient Logistics - correct answer 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. Reverse Logistics - correct answer management of products that flow backwards in the supply chain (upstream), away from the consumer and back in the direction of manufacturers Global SCM - correct answer suppliers, manufacturers, transportation companies, warehouse distribution centers, retailers, and other supply chain partners span across multiple countries and/or continents. 1st-tier and 2nd-tier suppliers - correct answer -1st tier: a company's direct suppliers. -2nd tier: firm that provides goods and/or services to a company's first-tier supplier. Upstream vs. Downstream - c