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Test bank For TCU Supply Chain Management -Exam 1(6th Edition by Bowersox) $10.49   Add to cart

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Test bank For TCU Supply Chain Management -Exam 1(6th Edition by Bowersox)

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  • Supply Chain Management
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  • Supply Chain Management

Test bank For TCU Supply Chain Management -Exam 1(6th Edition by Bowersox)

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  • August 12, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • supply chain management
  • Supply Chain Management
  • Supply Chain Management
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Test bank For TCU Supply Chain
Management -Exam 1(6th Edition by
Bowersox)

What is supply chain management? - ANSthe global network of organizations and activities
involved in
- designing
- transforming
- consuming
- disposing of goods and services

(1) designing a set of goods and services and their related processes,
(2) transforming inputs in to goods and services
(3) consuming these goods and services, and
(4) disposing of these goods and services
-the design and execution of relationships and flows that connect the parties and processes
across a supply chain

Drivers of SCM - ANS- Visibility
- Consumer behavior
- Speed
- Competition

What is a supply chain? - ANSThe global network of organizations located in different
companies that are involved in converting raw materials into a delivered finish product.

<<<<<<Information Flow>>>>
Product Flow>>>>>
<<<<<<Cash Flow

What are the components of a supply chain? - ANS- Upstream: provide raw materials,
components, and services directly related to manufacturing or service production processes

- Downstream: provide enhancements to finished goods such as assembly, packaging, storage,
and transportation services

- Tier Suppliers: 1st tier supplies directly to firm; 2nd tier provides inputs to the 1st tier supplier.

Attributes of Goods - ANS- tangible

, - can be inventoried
- little customer contact
- long lead times
- often capital intensive
- quality easily assessed
- material is transformed

Attributes of Services - ANS- intangible
- cannot be inventoried
- extensive customer contact
- short lead times
- often labor-intensive
- quality more difficult to assess

What is a process? - ANSA system of activities that transforms inputs into valuable outputs.
They use resources to transform them.

Transformation Process - ANSInputs (Land, Labor, Capital,
Information)>>>>Transformation/Conversion Process (Value Added)>>>>Outputs (Goods &
Services)

**STEP>>>>measurement and feedback>>>>Control>>>>>STEP

Why is Supply Chain Management Important? - ANS- effects everyone; everything has a supply
chain
- delivery to customer is becoming more complicated
b/c globalization & regulations
- involves numerous organizations
- chain is only as strong as its weakest link
- boosts customer service
- improves bottom line

Why are companies focusing on the supply chain today? - ANS- delivery to customer is
becoming more complicated
b/c globalization & regulations
- involves numerous organizations
- chain is only as strong as its weakest link
- in the past, companies focused on manufacturing and quality improvements to influence their
supply chains (BUT)
- today, they are quickly realizing the tremendous value they can gain from having visibility
throughout their supply chain

According to ISM, what is the operational importance of SCM? - ANS- provide an uninterrupted
flow of material and services to the operation systems

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