Logistics move it - Study guides, Class notes & Summaries

Operations management is important because: -Managers need to continually find ways to automate processes -It is more important than finance or marketing -It affects the quality of life of workers and consumers -It is a major cost for firms that needs to be minimized It affects the quality of life of workers and consumers Which of the following challenges is most likely to be faced by service operations managers, rather than manufacturing operations managers? -The "total produc...

SCM 300 Test Questions with All Correct Answers Supply Chain Management - Answer-Is the EFFICIENT INTEGRATION of suppliers, transporters, manufacturers, warehouses, retailers and all other parties associated with the delivery of the final product. Goals- cost, speed, quality. Efficient execution- Get things done right with the minimal effort and resources. Manage resources- People Materials, machines. Operations Management - Answer-Adds value, is what it takes to make the product and sell i...

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...

CLA Practice Test Questions with complete solutions The Japanese term, kaizen, means: Continuous planning Quality improvement Quality planning Continuous improvement Who is the driving force throughout the life cycle of a product? Suppliers Customers Manufacturers Transporters Which of the following is the federal agency devoted to workplace safety? USDOT OSHA EPA FAA Which of the following regulates indistrial waste disposal? ISO 4000 Clean Water Act National Env...

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...

SCM 300 Exam 1 Modules 1-4 Exam Study Guide With Verified Solutions. Supply Chain Management - answerthe management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - answerSCM Flows/Strategy 1. cost 2. quality 3. speed/time 4. flexibility - answerCompetitive Priorities value (what i get/price) - answercustomers perspective productivity (what i make/cost) - answerorganization perspective 1. Procurement 2. Operations 3. Logistics - answerSCM K...

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...

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...

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...

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...