Supply chain resilience Study guides, Revision notes & Summaries

Paradigm Change for business competition - ANSWERForm, time, place, exchange --> Creating value Porter Chain Value - ANSWERInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - ANSWERTraditional business coordination with particular organization within the supply chain for purposes of improving long term performances of individual enterpri...

APICS CSCP 2020 Module 1 Section B Rated A+ Demand Shaping The practice of using the 4 Ps (product, pricing, placement, promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply. Warehouse Management System (WMS) A computer application designed to manage and optimize workflows and the storage of goods within a warehouse. Often interfaces with automated data capture and enterprise resources planning sy...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: : requires delivering more value and satisfaction t...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) Paradigm Change for business competition - answerForm, time, place, exchange --> Creating value Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - answerTraditional business coordination with particular organization within the supply chain for p...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) Paradigm Change for business competition - answerForm, time, place, exchange --> Creating value Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - answerTraditional business coordination with particular organization within the supply chain for p...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

What is Supply Chain Management? - Answer-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer-requires delivering more value and...

What is SCM and why is it important? : SCM is the "art" of managing the flow of materials and products, information and money from source to user, and it is important because it is the source of customer satisfaction, cost reductions, and revenue increases Who are the key participants in the supply chain? : suppliers, manufacturers, distributors, retailers, and consumers What are the primary processes of the supply chain? : planning, procurement, production, and customer interference ...

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer- requires delivering more value...