Exam (elaborations)
SCM 300 Exam 1 Davila with correct Answers
- Module
- Institution
SCM 300 Exam 1 Davila with correct Answers
[Show more]
Seller
Follow
millyphilip
Reviews received
Content preview
SCM 300 Exam 1 Davila with correctAnswers
Supply chain management- - Answer -Efficient integration of:
-Suppliers and manufacturers
-transporters, distribution centers, warehouses
-Retailers and all other parties associated tasked with the successful devivery of final
product/service
Primary goals of Corporation - Answer --Sustain Long-term profits
-Maximize Return on Investment (ROI)
How to do it? make money, avoid waste
Profit formula - Answer -Revenue - Cost
(SC costs: materials, labor, energy, transportation, packaging, storage, defects,
insurance)
ROI formula - Answer -Profit / Investment
Aspects, formula of Value (customer perspective) - Answer -What do I get (Quantity,
quality)
------------------------------------
What is the price? (money, time)
-Trust, quality, way company presents self
Aspects, formula of Productivity (Organizational Perspective) - Answer -What did I
make? (Outputs)
-------------------------------
What was the cost (Inputs)
-Dont want to waste things.
The 4 Competitive Priorities - Answer -1. Cost
2. Quality
3. Speed/time
4. Flexibility
, Aspects of COST (competitive priorities) - Answer --Material Cost
-Production Cost
-Packaging
-Quality Costs (returns repairs)
-Customer service cost
-Other (marketing, finance, waste disposal, rent, insurance, legal etc)
Aspects of QUALITY (competitive priorities) - Answer --Design Quality
-Material and production quality
-Quality level delivered (how it looks when delivered)
-Consistent quality (builds trust)
-Service quality (sales, support, repairs)
Aspects of TIME (competitive priorities) - Answer --Delivery time, Lead Time (pizza
industry)
From order placement to order fulfillment... includes supplier delivery times,
manufacturing time, transport times, waiting time...
-On Time Delivery (Airline industry)
Reliability vs. Speed... Percentage of time delivered when promised, staying on
schedule
-Fast, accurate, or both? Whats important in your industry
Types of FLEXIBILITY (competitive priorities)
-Companies offer large quantities OR large range of customizable features (forms of
flexibility) - Answer -1. Product or Customization flexibility
2. Volume Flexibility (coping w demand changes, large and/or small orders)
3. Mass customization (both customization and volume flexibility)
Aspects of FLEXIBILITY (competitive priorities) - Answer --DESIGN FLEXIBILITY
-MATERIALS/ PARTS FLEX (can material be used for number of different end items?)
-FACILITY FLEXIBILITY (producing multiple items in 1 factory)
-TOOLS/MACHINERY FLEX (tools used to make number of different end items or only
one?)
-EMPLOYEE FLEXIBILITY (Good at everything? specialists?)
-SERVICE FLEXIBILITY (repairs, returns, help desk, worldwide, on site, in-person,
recycle)
Order of Supply Chain - Answer -Buy it, make it, move it, sell it, service it
Procurement (purchasing) - Answer -Process of obtaining services, supplies, equipment
in conformance w corp regulations
-Responsible for the shopping
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.76. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now