SCM 300 Exam 1 Modules 1-4 (Davila) Questions and Answers
7 views 0 purchase
Course
SCM 300 1 Modules 1-4
Institution
SCM 300 1 Modules 1-4
SCM 300 Exam 1 Modules 1-4 (Davila)
Supply Chain Management - Answer- the management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it - Answer- SCM Flows/Strategy
1. cost
2. quality
3. speed/time
4. flexibility - Answer- Competitive Priorities
...
Procurement (buy it) - Answer- process of obtaining services, supplies, and
equipment in conformance with corporate regulations
Operations (make it) - Answer- makes business processes effective and efficient.
They help the organization create high quality products/ services using the fewest
resources
Logistics (move it) - Answer- developing the transportation itinerary and finding
reliable transportation and storage partners, to be able to navigate the flow of
materials to the final destination
purchasing -> production -> distribution -> retail sales - Answer- The Supply Chain
The efficient integration of the Supply Chain - Answer- SCM Def
satisfy the customer, satisfy the company, consider the future - Answer- Successful
SC Manager
sustainable long term profits and maimize ROI - Answer- Corporation Goals
Reverse Logistics - Answer- reuse of production and materials
1st Tier Suppliers - Answer- a company's direct supplier. A firm that directly provides
goods and/ or services to a company
2nd Tier Suppliers - Answer- a firm provides goods and/ or services to a company's
first-tier supplier
, Downstream - Answer- direction in which products flow towards an end consumer.
Direction is the right.
Storage and consolidation/sorting
picking and packing, labeling
Upstream - Answer- direction from customers to suppliers. Direction is the left
central return center AKA reverse logistics activities
Business model - Answer- planning to purchase, transform, deliver, and sell products
with intent on making a profit
Supply Chain Visibility - Answer- ability to see what is happening with inventory up
and down a supply chain
Profit - Answer- Formula: profit = revenue - cost. If supply chain creates a damaged
product no one will buy it for a premium price, that's why it's important for the supply
chain to deliver the best products
ROI - Answer- Formula: total profit/ total invest money. Return on investment- an
economic measure that helps evaluate the return of money. Scenario 1: 10/1,000 =
0.01 Scenario 2: 10/1 = 10 (good investment).
total profit/ total invest money - Answer- ROI Formula
profit= revenue - cost - Answer- Profits Formula
Delivery time - Answer- from order placement to order fulfillment
1. defaults
2. overproduction
3. transportation (moving products may involve damage or theft)
4. motion (employees get tired thus get injured)
5. waiting (work in process finished to soon and is waiting to be finished)
6. inventory (not providing return)
7. over processing (doing unnecessary work) - Answer- 7 types of waste
a. supply chain metrics: be able to report success or failure.
b. info technology tools: knowing what's happening in global supply chain
c. relationship management skills: being able to work with executives and employees
at other companies
d. financial resources: company needs to be willing to invest in supply chains.
e. organizational integration: being able to communicate between marketing, design,
finance, and advertising. - Answer- SC Tools
Amazon - Answer- B2C
DHL Cargo - Answer- B2B
Ford Motors - Answer- B2C and B2B
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 or Stuvia-credit 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 Freshy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
