Rights of logistics - Study guides, Class notes & Summaries

supply chain management correct answers the "art" of managing the flow of materials and products, info, and financial resources from source to user what is the order of the supply chain cycle? correct answers suppliers -> manufacturers -> distributors -> retailers -> consumers who is the most important participant in the supply chain? correct answers consumer how are greater profits achieved? correct answers by achieving higher sales at lower costs what are the 7 rights...

SCMN 3150 TEST 1 LATEST VERSION GRADED A+ SCM in 4 Words 1.) Plan 2.) Source 3.) Make 4.) Deliver What is SCM? -The "art" of managing the flow of materials and products, information, and financial resources from the source to user • Suppliers → Manufacturers → Distributors → Retailers → Consumers • Not a science because consumers don't always act rationally Who is the most important participant in the Supply Chain? -Consumer • If there is no demand from the cu...

SCMN-2150-Test 1- Barry Russell Questions and Answers Graded A+ What is a supply chain? Organizations and activities involved with the flow of products from raw materials to the customer What is supply chain management? the art of managing the flow of materials and products, information, and financial resources from source to user Why is supply chain management important to companies ? helps companies outpace the competition by managing their materials, product, and information flow...

SCM 300 Exam 1 Study Guide Solutions Updated 2024 Supply Chain Management (SCM) - ANSWER-The management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and profitability procurement - ANSWER-Purchases inputs such as raw materials, resources, equipment, and supplies Operations - ANSWER-Transforms raw materials or inputs into goods and services Logistics - ANSWER-Those activities that focus on getting the right amount of the ...

Supply Chain Management correct answers creates strong end to end supply chain from the upstream supplier to the downstream consumer. An integrated collected of organizations, people, activities, information, and resources Includes all the activities that its takes to get products from the supplier to the consumer, involves everything from raw material extraction, to component fabrication, to production and distribution of tangible goods, so the finished product is available to meet consum...

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 correct answers 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 of date, or needing to be recycled. A. deliver B. return C. m...

Supply Chain Management Correct Answer creates strong end to end supply chain from the upstream supplier to the downstream consumer. An integrated collected of organizations, people, activities, information, and resources Includes all the activities that its takes to get products from the supplier to the consumer, involves everything from raw material extraction, to component fabrication, to production and distribution of tangible goods, so the finished product is available to meet consume...

CIPS Level 4 Module 1The Purchasing process - correct answer 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply - correct answer recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs - correct answer These are costs which can be identified directly with the production of a good or service; e.g. raw materi...

Which of the following is not a responsibility of lead agencies? - Answer - To coordinate response operations in their discipline as well as related disciplines which of the following humanitarian community entities includes agencies such as the world food programme, childrens fund, and the office of the high commissioner for human rights? - Answer - The United Nations One way to enhance relationships with a foreign culture is to make cultural compromises (changes in customs, manners, be...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply Correct Answer: recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs Correct Answer: These are costs which can b...