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SCM 300 ASU Exam 1 Modules 1, 2, 3, and 4 Questions and Answers
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SCM 300 ASU Exam 1 Modules 1, 2, 3, and 4 Questions and Answers
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SCM 300 ASU Exam 1 Modules 1, 2, 3,and 4 Questions and Answers
Supply Chain Management - Answer -The efficient and effective integration of
1. Suppliers and Manufacturers
2. Transporters, Distribution Centers, Warehouses
3. Retailers and all other parties associated tasked with the successful delivery of the
final product and/or service
Purchasing/Procurement - Answer -Who buys it?
Operations - Answer -Who makes it?
Logistics - Answer -Who ships it?
Stakeholder Mentality - Answer -Managing as if you have skin in the game
Primary Goals - Answer -Sustainable Long-term Profits and Maximize ROI
Drive Bar - Answer -Every $ you save, you have to earn $1.20
Competitive Priorities - Answer -Cost, Quality, Speed/Time, Flexibility
Lead Time - Answer -Time elapsed between customer placing order and order being
received by customer
Lot Size - Answer -Typically refers to the order size
Types of Inventory - Answer -Raw Materials/Components, Work-in-Progress, Finished
goods, Spare and/or replacement parts, Capital Equipment and MRO (Maintenance,
Repair, and Operations)
Storage - Answer -Space, Hot/Cool Environment, Energy Requirements, Labor,
Handling, Buy/Lease, Cost
Transport - Answer -Vehicle, Cool/Heat, Fuel, Labor, Packaging, Cost
, Shrinkage - Answer -Pilferage, Security, Lost Items, Damaged, Obsolescence
Money - Answer -Cash, Financing Terms, Taxes, Insurance
Legal Considerations - Answer -Licenses, Certifications, Other Laws
Safety Stock - Answer -Protects against uncertainty in demand, lead time, supply... Not
intended to be used. Cushion, Insurance
Anticipation Inventory - Answer -Used to absorb uneven rates of demand or supply
perhaps caused by seasonal demand, holidays, quantity discounts...
Pipeline Inventory - Answer -Orders that have been placed but not yet received nor paid
for by customer; Inventory "on its way" to the customer
**Formula** dL(Periodic demand * Lead Time)
Requisition - Answer -Communicate a specific need to purchase
Supplier Selection - Answer -1. In stock, Used to be in stock, Never in stock
2. Present supplier, New supplier
.Place Order - Answer -1. Simple or Complex Process
2. Analysis, Negotiation, Contracts, Establish re-order system
Track Order - Answer -Communicate with supplier; Early/Late/On-time? Shelf Space?
Receive Order - Answer -Inspect, Record, Shelve
Stakeholder Consideration - Answer -The end-user is the focus- Consider their needs
and desires; Cost, Quality, Speed, and Flexibility across the supply chain
Plant/Warehouse Location - Answer -Cost and Speed Trade-offs- Inventory needs,
Lead times, Shrinkage, End-user expectations
Technology Accommodations - Answer -Tracking, Accuracy, Compatibility, Innovation,
Overall Service
Commitment to Product Improvement - Answer -Continuous improvement culture;
Investment in R&D
Commitment to Service Improvement - Answer -Delivery, Packaging, Inventory
Monitoring, Data Analysis
Quality of 2nd and 3rd Tier Suppliers - Answer -Assessing risk, Supply Chain Visibility
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