Why is scm important 4 Study guides, Class notes & Summaries

This document contains workings, explanations and solutions to the SCH4801 Assignment 3 (QUALITY ANSWERS) 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4.... Read the following and answer the questions that followed. The following question was posted to an AI Tool on 6 July 2023: Describe and discuss eight supply chain management challenges in the South African public sector. Answer by the AI Tool: SCH4801/assignment 03/2024 Supply chain challenges in the South African public sect...

SCMN 2150 Brian Gibson test 1 Exam Review Questions & Answers What is Supply Chain Management? - ANS-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - ANS-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Comp...

SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass According to the Module 1 readings, what benefit is achieved by supply chain integration? A. reduced facility investment B. greater demand planning accuracy C. greater equipment utilization D. rationalized product handling B. greater demand planning accuracy According to the Module 1 readings, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: : requires delivering more value and satisfaction t...

SCMN 3150 Test 1 Questions and Answers 100% Pass What is SCM and why is it important? SCM is the "art" of managing the flow of materials and products, information and money from source to user, and it is important because it is the source of customer satisfaction, cost reductions, and revenue increases Who are the key participants in the supply chain? suppliers, manufacturers, distributors, retailers, and consumers What are the primary processes of the supply chain? planning, pr...

What is a supply chain? - Answer-a collection of organizations, people, activities, information, and resources who is involved in the supply chain? - Answer-customers, retailers, manufacturers, and suppliers what is supply chain management? - Answer-All the activities that take place to get a product in your hands from the time of raw materials to final product Why is SCM important to companies? - Answer-SCM helps companies outpace the competition (better, faster, cheaper) essential activ...

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer- requires delivering more value...

What is Supply Chain Management? - Answer-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer-requires delivering more value and...

CIS 235 Final Exam Questions With 100% Correct Answers What are the 4 phases of Customer Life Cycle? Do you know the order of the phases? - answerMarketing Customer acquisition Relationship management Loss/Churn How does CRM work along Customer Lifecycle? - answerEvery contact and transaction with the customer is recorded in the CRM database. What are the CRM components that are used for solicitation/lead tracking and relationship management? - answerLead Management Application (Market...

What is Supply Chain Management? Correct Answer the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) Correct Answer It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: Correct Answer requires delive...