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SCM 300 Exam 1 MODULE 1 2024 QUESTIONS & ANSWERS
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SCM 300 Exam 1 MODULE 1 2024 QUESTIONS & ANSWERS
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10/5/24, 6:04 PMSCM 300 Exam 1 MODULE 1
Jeremiah
Terms in this set (36)
"The effective and efficient integration of the suppliers, manufacturers, transportation
Supply Chain Management (SCM): organizations as well as the other parties responsible for collectively bringing
products and services to market."
"The branch of an organization responsible for acquiring materials, equipment,
products, and services. This would entail finding suppliers, choosing the supplier that
Procurement offers the best value, negotiating the terms of the purchase, placing orders, and
developing long-term relationships with suppliers so that consistent and improved
quality can be expected from their suppliers over a long period of time."
"The branch of the supply chain responsible for making business processes effective
Operations and efficient. In essence, operations seeks to help the organization create high
quality products and/or services using the fewest resources possible."
"The branch of the supply chain responsible for developing the transportation
itinerary and finding the appropriate transportation and storage partners to
Logistics
successfully navigate the flow of materials from the point of origin to the final
destination."
"The management of products that flow backward in the supply chain, away from the
Reverse Logistics consumer and back in the direction of manufacturers. (The management of materials
moving upstream in the supply chain)"
"When suppliers, manufacturers, transportation companies, warehouse and
distribution centers, retailers, and other supply chain partners span across multiple
Global SCM countries and/or continents, those are considered global supply chains. Effective
and efficient management of supply chain partners across multiple countries can
offer both competitive advantages as well as complicating circumstances."
"A company's direct suppliers. A firm that directly provides goods and/or services to
a company."
1st-tier and 2nd-tier suppliers
2nd trier "A firm that provides goods and/or services to a company's first-tier
supplier."
Upstream "In a supply chain, the direction that points toward the suppliers."
Downstream "In a supply chain, the direction that points toward the end consumer."
SCM 300 Exam 1 MODULE 1
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