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CSCMP SCM TRACK VOCABULARY WITH CORRECT ANSWERS.
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CSCMP SCM TRACK VOCABULARY WITH CORRECT ANSWERS.
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CSCMP SCM TRACK VOCABULARYWITH CORRECT ANSWERS
Supply bbChain bb- bbAnswerthe bbflow bbof bbmaterials, bbinformation, bband bbfinances bbas
bbthey bbmove bbin bball bbdirections bbfrom bbsupplier bbto bbmanufacturer bbto bbwholesaler
bbto bbretailer bbto bbconsumer
Demand bbManagement bb- bbAnswerthe bbprocess bbby bbwhich bbmanufacturers bbare
bbable bbto bbrecognize bbdemand bbthrough bbforecasting bband bbcustomer bborders
Supply bbPlan bb- bbAnsweradheres bbto bbthe bbagreed-upon bbdemand bbplan bband
bbdelivers bbthe bbtargeted bbrevenue, bbprofitability, bband bbcash bbflow bbobjectives
Collaboration bb- bbAnswerpersonnel bbworking bbjointly bbto bbachieve bban bbagreed-upon
bboutcome
Quantitative bbForecasting bb- bbAnswerWhen bbhistorical bbdata bbexists bband bbis bbhelpful
bbin bbcalculating bbfuture bbdemand bbor bbforecasting bbbased bbon bbnumbers
Qualitative bbForecasting bb- bbAnswerWhen bbthere bbis bblittle bbhistorical bbdata bbto bbrely
bbon, bbas bbwhen bblaunching bba bbnew bbproduct bbor bbwith bba bbproduct bbthat bbchanges
bbfrequently, bband bbintuition bbor bbexpert bbjudgment bbis bbrequired
Independent bbDemand bb- bbAnswerfinished bbgoods bbsold bbby bba bbcompany; bbderived
bboutside bbthe bbcompany bband bbis bbcreated bbby bbcustomers
Dependent bbDemand bb- bbAnswerdemand bbfor bbadditional bbfinished bbgoods bbto bbbe
bbmanufactured, bbsuch bbas bbthe bbdemand bbfor bbthe bbcomponents bbrequired bbto
bbcomplete bbthe bbproduct
Procurement bbProcess bb- bbAnswera bbkey bbfunction bbin bbthe bbsupply bbchain bbthat bbis
bbresponsible bbfor bbbuying, bbor bbprocuring, bbgoods bband bbservices
Supplier bbRelationship bbManagement bb- bbAnswerfocuses bbon bbinitiating,
bbmaintaining, bband bbexpanding bbrelationships bbwith bbkey bbsuppliers
Strategic bbSourcing bb- bbAnswerthe bbconcept bbof bbwin-win bbrelationships, bbimplying
bbthat bbthe bbbuyer-supplier bbrelationship bbis bbgood bband bbwill bbcontinue bbto bbimprove
bband bbexpand
, Core bbCompetencies bb- bbAnswercritical bbitems bbthat bbrequire bbspecialized bbproduct
bbdevelopment bbresources
Strategic bbSupply bbPlan bb- bbAnswerIncludes bbdecisions bbabout bbmajor bbcapital
bbexpenditures bband bbhow bbto bbrationalize bbvarious bbassets.
Production bbPlan bb- bbAnswerrequires bba bbone- bbto bbtwo-year bbplanning bbhorizon
bband bbalso bbneeds bbto bbbe bbdeveloped bbin bbconjunction bbwith bbsuppliers.
Master bbProduction bbSchedule bb- bbAnswerdeals bbwith bbparts bbthat bbare bbavailable
bband bbcan bbbe bbreadily bbobtained; bbcan bbhave bbplanning bbperiods bbfrom bba bbfew
bbweeks bbto bba bbyear
Request bbfor bbPricing bb- bbAnswerused bbfor bbsimple bbprocurements bbin bbwhich
bbpricing bband bbdelivery bbinputs bbare bbrequired
Request bbfor bbQuote bb- bbAnswerused bbwhen bbmany bbinputs bbbeyond bbpricing bband
bbdelivery bbinformation bbare bbrequired
Weighted bbScorecard bb- bbAnswerallows bbfor bbcriteria bbto bbbe bbmeasured bband
bbvalued bbindependently bbbased bbon bbdifferent bbsupplier bbinputs
Negotiation bb- bbAnswerthe bbdiscussions bbthat bbenable bbboth bbbuyer bband bbsupplier
bbto bbreach bba bbformal bbagreement bbabout bbsale bbterms
Purchase bbOrder bbAdministration bb- bbAnswermaking bbsure bbthat bbinformation bbis
bbaccurate bbfor bbopen bborders, bbclosed bborders, bbcancelled bborders, bbchanged
bborders, bband bbbackorders
Warehouse bb- bbAnsweracts bbas bbthe bbinterim bbstaging bblocation bbfor bbpurchased
bbgoods, bbproviding bbavailability bbfor bbproduction bband bbmanufacturing bbto bbproduce
bbat bbefficient bblevels; bbalso bbstores bbfinished bbproducts bbto bbensure bbavailability bbto
bbsatisfy bbcustomer bbdemands
Distribution bbCenter bb- bbAnsweralso bbcalled bbfulfilment bbcenter; bbwhen bbservices
bbare bbadded bbto bbthe bbwarehouse bbenvironment, bbthe bbbasic bbwarehouse bbcan bbbe
bbtransformed bbinto bba bbDC bbor bba bbfulfillment bbcenter; bbstocked bbwith bba bbset bbof
bbproducts bbthat bbare bbredistributed bbto bbwholesalers, bbretailers, bbor bbdirectly bbto
bbconsumers
Value-added bbServices bb- bbAnswerservices bbthat bbare bbadded bbto bba bbwarehouse;
bbex. bbcross-docking, bbmarking, bblabeling, bband bblight bbfinal bbproduct bbassembly
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