Exam (elaborations)
SCM 300 Exam 1 Questions and Answers - Graded A
- Module
- Institution
SCM 300 Exam 1 Questions and Answers
[Show more]
Seller
Follow
millyphilip
Reviews received
Content preview
SCM 300 Exam 1 Questions andAnswers
Simple Supply Chain
1. Purchasing
2. Production
3. Distribution
4. Retail Sales
Supplier Networks
1. Procurement to Operations & Logistics
2. Operations & Logistics to Products/Services or Waste
3. Reverse Logistics
Brainpower
Read More
Procurement
The process of obtaining services, supplies, and equipment in conformance with organizational
regulations.
-Materials
-Inventory MGT
-Resource
Operations & Logistics
Design, operation, and improvement of the production systems that efficiently transform
INPUTS into Finished Goods and Services.
-Add Value
-Either Products/Services follows OR Waste
Products/Services
-Cost Quality
-Speed Flexibilty
(Sales, Support, Returns)
Waste
, -Non-Valuable
-Defects
-Garbage, Emissions
-Resource Waste
Reverse Logistics
The area of logistics that involves bringing waste back to the manufacturer because of defects or
for recycling materials.
Supply Chain Management
The Efficient Integration of Supplies & Manufacturers, Transporters, Distribution Centers,
Warehouses, & Retailers and all other parties associated tasked with the successful delivery of
the final product and/or service
Primary Organizational Goals
Sustainable Long-Term Profits AND/OR Maximum Return on Investment (ROI)
How can the primary goals be achieved?
1. Make Money: Profit = Revenue - Cost
2. Be Efficient/Avoid
3. Be different/Be better
Value- Customer Perspective
What do I get? (Quantity, quality, size...) DIVIDED BY What is the price? (Money, waiting
time, warranty...)
Productivity- Organizational Perspective
What did I make? (Outputs) DIVIDED BY What was the cost? (Inputs)
Logistics
The COORDINATED Planning and Execution of the following:
-Preparation of Packaged Product
-Movement Itinerary (Transport)
-Storage Itinerary (Warehousing)
-Product Distribution throughout the Supply Chain: Who gets what? When? How?
Supplier visibility
Can you see tomorrow and the day after's supply?
Competitive Priorities
1. Cost
2. Quality
3. Speed/Time
4. Flexibility
Cost
Material costs, production costs, packaging, transportation, storage costs, customer service costs
Quality
How pretty, design, materials & production quality, quality level delivered, consistent quality
Speed/time
Delivery time(Lead Time), on-time delivery
Flexibility
design flexibility, materials/parts flexibility, facility flexibility, tools/machinery, flexibility,
employee flexibility, & service flexibility
Lead Time
Time elapsed between customer placing order and order being received by customer
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 £9.16. 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