Scmn test 3 Study guides, Class notes & Summaries

SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers What is procurement? - ANSWER-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - ANSWER-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsou...

SCMN Test 3 Questions & Answers 100% Correct!!

SCMN Test 3 Exam Review With complete solution 2023/2024 When capacity does not match the plan, which of the following actions can be taken? I. Provide sufficient capacity II. Change the material plan III. Modify capacity calculations - ANS-I and II which of the following is an objective of capacity planning? I. building excess capacity for possible future use II. estimating capacity requirements early enough to take action if necessary III. Execution of the plan to avoid suprises - ANS-...

SCMN-2150-Smedberg: Test 3 Questions and Answers 100% Pass What is the lifeline of supply chains? information Supply chain managers can only derive valuable insight from data that is (key requirements): -Accurate -Accessible -Relevant -Reliable -Timely -Transferable -Usable key requirement of SC info that says data must be current & depict reality accurate key requirement of SC info that says data must be readily available for decision making purposes accessible key...

SCMN 3150 Test 3 Quizzes with Complete Answers Episode 9 Supply Chain Technology Which supply chain technology capability captures customer requirements, prioritizes them, and recommend alternatives to ensure product velocity aligns with customer needs. Speed to market From a differentiation standpoint, technology can help an organization define supplier and customer segments, understand the cost to serve them, and prioritize service execution so that critical groups receive appr...

SCMN 3720 Test 3-Strickland Latest Version Graded A+ 3PL 3rd party logistics. anything that you can outsource 5 Categories of 3PL's 1. Transportation Based 2. Distribution Based 3. Forwarder Based 4. Financial Based 5. Information Based Transportation Based business origin in freight movement -Move freight, manage transportation operations, operate fulfillment centers, develop logistics solutions Distribution Based Business origin in the public or contract warehousing -Foc...

SCMN 3710 Test 2 Strickland Latest Update Graded A+ 1. Be able to explain potential supply/demand misalignment throughout the life cycle of a product as shown on Fig. 7.1 on page 210 of your text. z 2. What is the definition of demand management according to Blackwell & Blackwell? Focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions. 3. Explain the 4 methods commonly used to manage the imbalance betwee...

SCMN 3150 Brian Gibson test 1 Questions and Answers Rated A+ 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 adv...

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...

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...