Scm definition - Study guides, Class notes & Summaries

OSCM Questions with complete solution OSCM what is the acronym OSCM? - correct answer Operations Supply Chain Management Definition of Supply Chain management? - correct answer The management of an organizations productive processes and resources 4 ways any enterprise competes. one is quality - correct answer quality cost customer service flexibility Who knows the job better than anyone? - correct answer person doing the job achievement of ____________, survival, and _______...

CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide) The Purchasing process Definition of Procurement & Supply Direct Costs Indirect Costs Kraljic Matrix CAPEX is OPEX CAPEX Name the 13 stages of the procurement cycle Scope of Procurement Porters Value Chain Action points for CAPEX purchasing 5 rights of procurement Right Quality Right Quantity Right Place Right Time Right Price Life Cycle cost (LLC) Total Cost of Ownership (TCO) TCO Acquisition costs TCO Ope...

Operations Management Cycle Plan - Capacity Planning, Strategic Plan Do - Supply Chain Management, Forecasting Check - Quality Management, Scheduling Act - Customer Service, Facility Planning Operations Management Multidisciplinary science that organization use to acquire inputs (such as people, capital, material or energy) and transform them into outputs (products or services) that ultimately provide value to the end customer. Brainpower Read More Previous Play Next Rewind...

Big Data Exam 1 Questions With Verified Answers What is Big Data? - answer-A collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications (Hadoop) -A buzzword/catch-phrase used to describe a massive volume of both structured and unstructured data How many bytes of data are produced yearly? (IBM) - answer2.5 Quintillion Why is Big Data important? (MT/IBM Study) - answer-Top-performing ...

the best starting point to improve profitability - determining the service levels different customers desire and are willing to pay for Total Cost of Ownership - a financial estimate intended to help buyers and owners determine the direct and indirect costs (true costs) of a product or system; takes into account maintenance, disposal, returns managements, training etc. Strategic Profit Model demonstrates the following principle? - small improvements in supply chain activities can yield lar...

WPC 150: SCM Workbook Exam Questions and answers, rated A+ What is the definition of trade protectionism? The use of government regulations to limit the import of goods and services Which of the following are functions of the World Trade Organization? To mediate trade disputes among nations To oversee cross-border trade issues A(n) _______ _______, or trading bloc, is a regional group of countries with a common external tariff, no internal tariffs, and coordinated laws to facilitate ex...

Data Raw facts that describe the characteristic of an event Information Data converted into a meaningful and useful context Is information technology always beneficial? No. Case study the world is flat Thomas Friedman describes the unplanned cascade of technological and social shifts that effectively leveled the economic world, and "accidentally made Beijing, Bangalore, and Bethesda next-door neighbors" Competitive Advantage a product or service that an organiz...

SCM 300 Exam 2 ASU Questions With Verified And Updated Solutions. Goal of waiting line management - answerBalance the cost paid by the customers (time) with the cost paid by the company (money paid to maintain the system) Parts of a waiting line system - answer1) Input Source - This is the population of people that might want service 2) Waiting Line - The area in which customers wait for service 3) Service Facility - The area in which customers actually receive service Managerial conside...

OSCM--. Questions with complete solution 2023/2024 what is the acronym OSCM? - correct answer Operations Supply Chain Management Definition of Supply Chain management? - correct answer The management of an organizations productive processes and resources 4 ways any enterprise competes. one is quality - correct answer quality cost customer service flexibility Who knows the job better than anyone? - correct answer person doing the job achievement of ____________, survival, and ___...

Unit 1 – Basic Concepts & Goal of Logistics Logistics & the Supply Chain SU 1 pg. 2; par. 1.2 & TB Ch. 1 pg.4,7 Supply chain management [SCM] definitions:  "Firms collaborating to leverage strategic positioning & improve operating efficiency"Bowersox, Closs, Copper (2013:4)  "Encompasses planning & management of all activities involved in sourcing & procurement, conversion, all logistics management activities, coordination & collaboration with channel partners (i.e. suppliers / ...