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SCM 303 Exam 1 MSU FS18 Questions and Correct Answers the Latest Update $11.49   Add to cart

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SCM 303 Exam 1 MSU FS18 Questions and Correct Answers the Latest Update

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  • SCM 303

supply chain the global network of organizations and activities involved in designing, creating, delivering, consuming, and disposing of goods and services supply chain 3 steps buy it, make it, move it supply chain management management of internal and external relationships in supply cha...

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  • November 7, 2024
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  • Exam (elaborations)
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  • SCM 303
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SCM 303 Exam 1 MSU FS18 Questions
and Correct Answers the Latest Update
supply chain


✓ the global network of organizations and activities involved in designing, creating,
delivering, consuming, and disposing of goods and services



supply chain 3 steps


✓ buy it, make it, move it



supply chain management


✓ management of internal and external relationships in supply chain



upstream


✓ origin of parts and equipment
✓ activities or firms positioned earlier in the supply chain



downstream


✓ delivery of product (transportation, distributors, etc.)
✓ activities or firms positioned later in the supply chain



Where did supply chain originate?


✓ the spice trade (1000), then silk road (200BC)



what drives supply chains?
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✓ demand



tradability


✓ the property of a good or service that can be sold in another location distant from
where it was produced



How has tradability changed over time?


✓ what is valued now is different than before, energy sources, transportation,
materials, and communication



comprehensive view of supply chain


✓ logistics, procurement, and operations (+ EGR and MKT = "Value Chain")



Who was the term "supply chain" coined by?


✓ Booz Allen Hamilton consultants



common supply chain challenges


✓ meeting customer requirements, lowering costs, improving quality, aligning supply
chains with the company's competitive strategy, evolving with the needs of
customers, competition, and technology



KPI


✓ Key Progress Indicator



corporate strategy



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