Exam (elaborations)
SUPPLY CHAIN MANAGEMENT EXAM REVIEW QUESTIONS AND ANSWERS
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SUPPLY CHAIN MANAGEMENT EXAM REVIEW QUESTIONS AND ANSWERS
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1-50 of 50-Simplified supply chains utilize data from point-of-sale back to suppliers
-Real time info reduces uncertainty and inventory levels
Forecasting Decisions->Stock deployment Decisions->Manufacturing Decisions-
>Physical Procurement Decisions->New Product intro Decisions
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Managing Flow of information
, -satisfy basic functions or needs
-stable and predictable demand
-long life cycles
-supply chains are easy to manage
-low profit margins
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attributes of functional product sourcing
business function responsible for all activities and processes required to purchase
goods and services from suppliers
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sourcing
1. Strategic Orientation
2. Global Supply Chain
3. Executive level leadership
4. Focus on long-term supplier relationships
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what factors elevated sourcing from clerical work to more strategic
function?
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