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SCM 300 Exam 1 Davila asu exam with solutions
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SCM 300 Exam 1 Davila asu exam withsolutions
Supply Chain Management - correct answer -The effective and efficient
integration of the suppliers, manufacturers, transportation organizations
and the other parties responsible for collectively bringing final products
and services
procurement - correct answer -· Branch responsible for obtaining
materials, equipment, products, and services with organizational
regulations.
· Consists of finding suppliers, choosing the supplier that offers the best
value, negotiating terms of the purchase, placing orders, and developing
long-term relationships with suppliers
logistics - correct answer -· Branch responsible for developing the
transportation itinerary and finding the appropriate transportation and
storage partners to successfully navigate the flow of materials from the
point of origin to the final destination
· Logistics managers find trucking companies, package the item, find
distributors, organize documentation, rent standardized containers
operations - correct answer -· Branch responsible for making business
processes effective and efficient. In essence, operations seek to help the
organization create high quality products and/or services using the fewest
resources possible.
operations-what they do - correct answer -Oversee design, operations,
and improvement of production
· Companies want to make these items quickly, with as few workers and
machines as possible, using the least amount of energy, cheapest real
estate, and right before the customer needs them.
,reverse logistics - correct answer -· Flow backward in the supply chain,
away from the consumer and back in the direction of manufacturers
(upstream)
· Important segment of the logistics branch. Reminder of how important it
is to be accurate.
Global Supply Chain - correct answer -· When suppliers, manufacturers,
transportation companies, warehouse and distribution centers, retailers,
and other supply chain partners span across multiple countries and/or
continents, those are considered global supply chains.
advantages of global SCM - correct answer -proximity, labor costs, etc.
challenges of global SCM - correct answer -distance, culture, laws, time
zones, etc.
1st Tier Supplier - correct answer -· A company's direct suppliers
· A firm that directly provides goods and/or services to a company (left)
2nd tier suppliers - correct answer -· Firm that provides goods and/or
services to a company's first-tier supplier (right)
· Weak 2nd tier suppliers creates problems for 1st tier supplier
downstream supply chain - correct answer -· Direction that points toward
the end consumer (right)
Downstream activities - correct answer -include: delivering goods from a
manufacturer to a distributer, suppliers working to get parts prepared in
time for manufacturers, distributors developing relationships with
retailers so they can better understand the retailer's supply chain needs
Upstream Supply Chain - correct answer -· Direction that points toward the
suppliers (left)
, Executives that works in upstream supply chain management might be
responsible for - correct answer -: ensuring that empty boxes at the retail
level are returned to the distributor for reuse, developing relationships
with a company's 1st tier suppliers in order to better communicate the
needs of the present and the future
In order for supply chains to function and develop, three things must
continuously flow - correct answer -o Materials
o Money
o Information
§ If materials stop flowing, nothing will be made
§ If money stops flowing, companies can't buy things
§ If info stops flowing, poor decisions will be made
business model - correct answer -· Companies plan or purchasing items,
transforming them, delivering them, and selling them for profit
· EX: Amazon VS. Bookstore (Same company, different business model...2
obvious differences are purchase and delivery)
· Things to think about are....
o Do we sell to companies or individuals?
o Online, in store, or both?
o Individual purchase or subscribe?
o Main parts or disposable parts? (Razor vs. blades)
supply chain visibility - correct answer -· Ability to see what is happening
with inventory upstream and downstream
· EX: knowing where shipment is, how many is in shipment, and when it
will arrive.
· Helpful in making good supply chain decisions
profit - correct answer -· Revenue - Cost
· Important supply chain costs: materials, labor, energy, transportation,
packaging, storage, defects, insurance
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