Scmn 2150 test 1 Samenvattingen, Notities en Examens

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- 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: - Answer- requires delivering more value...

SCMN 2150 Test 1 Questions with Complete Solutions Fully Verified

SCMN 2150 Auburn Barto Test 2 Exam Questions With Verified Answers Supply management - answerThe identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives. focuses on linking strategies and decisions related to the procurement of goods and services strategic sourcing (1) - answeran institutional procurement process that continuously improves and re-evaluates t...

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...

SCMN 2150 test 2 EXAM REVIEW SOLUTION Qs AND As What's the financial goal of procurement? - ANS-lowest total cost of ownership Companies devote limited time and effort to procurement and strategic sourcing because they can no longer provide a competitive advantage. - ANS-false What is the sequence of the five-step procurement process - ANS-1. identify need for material 2. evaluate supplier options 3. select best suppliers 4. release orders and receive products 5. measure and manage...

What is a supply chain? : Organizations and activities involved with the flow of products from raw materials to the customer What is supply chain management? : the art of managing the flow of materials and products, information, and financial resources from source to user Why is supply chain management important to companies ? : helps companies outpace the competition by managing their materials, product, and information flows Importance of scm to companies : -BETTER,FASTER,CHEAPER ...

Supply chain management : the art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain : - Suppliers - Manufacturers - Distributors - Retailers - Consumers (most important) What are the goals of supply chain management : SCM helps companies outpace the competition by managing their materials, product, and information flows (better, faster, cheaper) How can...

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...

Supply chain management : the art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain : - Suppliers - Manufacturers - Distributors - Retailers - Consumers (most important) What are the goals of supply chain management : SCM helps companies outpace the competition by managing their materials, product, and information flows (better, faster, cheaper) How can...

SCMN 2150 Test 2 Questions And Answers (Updated And Verified) Supply management - answerThe identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing - answeran institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company procurement - answerthe purchase of merchandise or services at th...