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OMIS 320 Exam 1 Question and answers verified to pass
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OMIS 320 Exam 1 Question and answers verified to pass OMIS 320 Exam 1 Supply Chain management - correct answer the integration of key business processes regarding the flow of materials from raw material suppliers to final customers Foundations of SCM - correct answer Supply management- ...

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  • November 5, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS 320 Exam 1
Supply Chain management - correct answer ✔the integration of key
business processes regarding the flow of materials from raw material
suppliers to final customers


Foundations of SCM - correct answer ✔Supply management- supplier
management, supplier evaluation, supplier certification, strategic partnerships
Operations-Demand managment, MRP, ERP, inventory visibility, JIT (AKA
lena production & Toyota production system) TQM (AKA Six Sigma)
Distribution- T4ansporation management, customer relationship management,
distrubution newwork, perfect orfer fulfillment, global supply chains, service
response logistics
Integration- Process integration, performance measurement


A supply chain consists of flow of products and services from - correct
answer ✔-Raw materials manufacturers
-Component and intermediate manufacturers
-Final product manufactuers
-Wholesalers and distributors and
-Retailers


Who benefits most from SCM? - correct answer ✔Firms with
-large inventories
-large number of suppliers
-complex products
-customers with large purchasing budgets

, Reduced Bullwhip effect - correct answer ✔the magnified reduction of safety
stock costs based on coordinated planning and sharing of information


Strategic partnerships - correct answer ✔successful and trusting
relationships with top-performing suppliers


Demand management - correct answer ✔match demand to available
capacity


Transportation management - correct answer ✔tradeoff decisions between
cost & timing of delivery/customer service via trucks, rail, water & air


Customer realtionship management - correct answer ✔strategies to ensure
deliveries, resolve complaints, improve communications, and determine
service requirements


Network design - correct answer ✔creating distribution networks based on
tradeoff decisions between cost & sophistication of distribution system


Benchmarking - correct answer ✔improve over competitors' performance
- the practice of copying what other businesses do best; studying how things
are done well in other firms to potentially amek sue of the same methods


Purchasing - correct answer ✔obtaining mechanside, capital equipment; raw
materials, services or maintenance, repair, and operating (MRO) supplies in
exchange for money or its equivalent


Merchant Buyers - correct answer ✔Wholesalers and retailers who purchase
for resale

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