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SCM 300 Exam 1 Modules 1-4 (Davila) With 100% Correct And Verified Answers $17.99   Add to cart

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SCM 300 Exam 1 Modules 1-4 (Davila) With 100% Correct And Verified Answers

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  • Course
  • SCM 300
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  • SCM 300

SCM 300 Exam 1 Modules 1-4 (Davila) With 100% Correct And Verified Answers Supply Chain Management - Correct Answer-the management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - Correct Answer-SCM Flows/Strategy 1. cost 2. quality 3. speed/time...

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  • November 9, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SCM 300
  • SCM 300
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SCM 300 Exam 1 Modules 1-4 (Davila)
With 100% Correct And Verified Answers
Supply Chain Management - Correct Answer-the
management of the chain of supplies

buy it -> make it -> move it -> sell it -> service it -
Correct Answer-SCM Flows/Strategy

1. cost
2. quality
3. speed/time
4. flexibility - Correct Answer-Competitive Priorities

value (what i get/price) - Correct Answer-customers
perspective

productivity (what i make/cost) - Correct Answer-
organization perspective

1. Procurement
2. Operations
3. Logistics - Correct Answer-SCM Key Components

Procurement (buy it) - Correct Answer-process of
obtaining services, supplies, and equipment in
conformance with corporate regulations

Operations (make it) - Correct Answer-makes
business processes effective and efficient. They
help the organization create high quality products/
services using the fewest resources



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,Logistics (move it) - Correct 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 - Correct Answer-The Supply Chain

The efficient integration of the Supply Chain -
Correct Answer-SCM Def

satisfy the customer, satisfy the company, consider
the future - Correct Answer-Successful SC Manager

sustainable long term profits and maimize ROI -
Correct Answer-Corporation Goals

Reverse Logistics - Correct Answer-reuse of
production and materials

1st Tier Suppliers - Correct Answer-a company's
direct supplier. A firm that directly provides goods
and/ or services to a company

2nd Tier Suppliers - Correct Answer-a firm provides
goods and/ or services to a company's first-tier
supplier

Downstream - Correct Answer-direction in which
products flow towards an end consumer. Direction is the right.
Storage and consolidation/sorting
picking and packing, labeling



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, Upstream - Correct Answer-direction from customers to suppliers.
Direction is the left
central return center AKA reverse logistics activities

Business model - Correct Answer-planning to purchase, transform,
deliver, and sell products with intent on making a profit

Supply Chain Visibility - Correct Answer-ability to see what is
happening with inventory up and down a supply chain

Profit - Correct 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 - Correct 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 - Correct Answer-ROI Formula

profit= revenue - cost - Correct Answer-Profits Formula

Delivery time - Correct 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)



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