Scmn 2150 - Study guides, Class notes & Summaries

SCMN 2150 Exam 3 – Final Exam Questions and Answers Already Passed What are the Goals of Technology for SCM (why is it needed)? Optimization - Peak performance of a supply chain requires alignment of resources within and across organizations. Cross-chain Visibility - visibility to events occurring across the supply chain is a pre-requisite for effective decision making. Speed to Market - Properly implemented technologies capture customer requirements, prioritize them, and recommen...

SCMN 2150 Test 2 Questions and Answers with Verified Solutions What is procurement? The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. How does procurement differ from strategic sourcing and supply management? Procurement is buying the merchandise or services while SS tries to improve the buying process and SM is setting up in order to attain what it needs. What is strategic sourcing? The process of analyzing an organization...

SCMN 2150 - Exam 1 Quizzes with Verified Solutions T/F: supply chains are not really linear linked chains, they are actually networks of related organizations that serve customer requirements true which of the following is not a primary flow in a supply chain product information financial resources equipment equipment T/F: managing a supply chain is a fairly simple task. activities occur sequentially, customers know what they need, and the companies involved share common goal...

SCMN 2150 Exam 3 Barto Questions and Answers Already Passed what are the key supply chain data requirements 1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provi...

SCMN 2150 Exam 2 Robert Straw Questions and Answers Already Passed What is procurement? The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company What is the difference between traditional purchasing and strategic sourcing? strategic sources seeks for continuous improvement What are t...

SCMN 2150 Exam 1 Questions and Answers Graded A+ What is a supply chain? a collection of organizations, people, activities, information, and resources who is involved in the supply chain? customers, retailers, manufacturers, and suppliers what is supply chain management? 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? SCM helps companies outpace the competition (better, faster, ...

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 type of purchases should receive a supply manager's lowest priority and time commitment? correct answers Generic Goods The tactical activity of purchasing of merchandise or service at the optimum possible total cost in the correct amount and quality is called ______. correct answers Procurement Step 1 of the five-step procurement process correct answers identify need for material and services Step 2 of the five-step procurement process correct answers evaluate supplier options ...

SCMN 2150 Module 5 Questions and Answers 100% Pass What type of purchases should receive a supply manager's lowest priority and time commitment? Generic goods Which type of purchases include the modules and components that are used in production processes and add value to the product? Direct materials What is the sequence of the five-step procurement process? 1. identify need for materials and services 2. evaluate supplier options 3. select best suppliers 4. release orders and...

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pul...