SCM 303 EXAM 3 Questions and Correct Answers the Latest Update
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Module
SCM 303
Institution
SCM 303
Evidence of the growth and influence of supply management in an organization
includes...
a. fewer activities under the management or span of control of supply
b. meaningful involvement at the operational level
c. involvement in strategic planning
d. executive status of the chief supply office...
✓ 1. recognition of need
✓ 2. translation of need into commercially equivalent description
✓ 3. search for potential suppliers
✓ 4. selection of a suitable source
✓ 5. agreement on the contract details
✓ 6. delivery of the products or services
✓ 7. payment of suppliers
councils of supply chain management professionals
✓ defines logistics management as that part of supply chain management that plans,
implements, and controls the efficient, effective forward and reverses flow and
storage of goods, services and related information between the point of origin and
the point of consumption in order to meet customer requirements
supply chain management focuses on cost saving opportunities like
✓ -shorter lead times
✓ -removal of waste throughout the supply chain
✓ -reduction of inventories
service organizations spend how much on costs for outside suppliers?
✓ personnel use expertise to assess acquisition decisions
meaningful stage of sc involvement
✓ true team member status
key drivers for an organization supply decisions are
✓ mission, vision, strategy
how many challenges is the sc industry facing moving into the next decade?
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