Logistics move it - Study guides, Class notes & Summaries

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...

The bullwhip effect - ️️The increasing fluctuation in orders that often occurs as orders move through the supply chain. The bullwhip effect occurs as orders are relayed from retailers, to distributors, to wholesalers, to manufacturers, with fluctuations increasing at each step in the sequence. The bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping, and receiving, while decreasing customer service and profitability. Blanket o...

SCM 373 -- Exam 1 Review Questions (Answered) What is SCM? - -Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. In essence, supply chain management integrates supply and demand management within a...

Logistics Management - ANSWERis the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management - ANSWERthe management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole C...

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...

Operations and Supply Chain Management Midterm Exam (2024) || All Questions & Answers (Graded A+) Operations and Supply Chain Management Midterm Exam (2024) || All Questions & Answers (Graded A+) Operations and supply chain management involves specialist in: - ANSWER - -product design -purchasing -manufacturing -service operations -logistics -distribution Success of Operations and SCM depends on - ANSWER - -Operations related strats -processes to deliver products and services -ana...

What is Supply Chain Management? correct answers the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) correct answers 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 Why is SCM important to customers? correct ...

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...

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 ...

SCMN 2150 Brian Gibson test 1 Questions and Answers Already Passed 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 Competi...