Scm 300 test - Study guides, Class notes & Summaries

SCM 300 Test 1 Questions with All Correct Answers foward integration - Answer-taking over supplychain responsibilities performed by downstream supply partners. backwards integration - Answer-taking over supply chain responsibilites formerly performed by upstream supply partners steps in the purchasing process - Answer-1. requisition 2. supplier selection 3. place order 4. track order 5. recieve order materials requisition MR - Answer-document used to initiate purchasing process ...

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 300 Test Questions with Correct Answers Return on Assets (ROA) - Answer-financial ratio of a firms net income in relation to its total assets; also referred to as Return on Investment (ROI). Indication of how effectively management is using total assets.Example: Profits before taxes $50,000 Gross Profits $500,000 the ROI would be 10% a reduction of 20k on purchase spend would in turn lead to a 14% ROI (70,000/500,000). This shows the importance to firms in making purchases. Purchasing...

SCM 300 Test 1 ASU: Questions With Solutions (Guaranteed Pass!)

SCM 300 Test 1 ASU Study Guide. SCM - answerIntegration of suppliers, manufacturers, transportation organizers, and other parties to bring supplies to market Procurement - answerPurchasing Branch that gets materials, equiptment, p&s Find best value Negotiate terms Develop long term relationships Operations - answerBranch that makes business processes effective & efficient Logistics - answerBranch that develops transportation itinerary& storage partners Downstream: towards consumer Ups...

SCM 300 Test 1 ASU Exam Questions With Complete Solutions SCM ️️Integration of suppliers, manufacturers, transportation organizers, and other parties to bring supplies to market Procurement ️️Purchasing Branch that gets materials, equiptment, p&s Find best value Negotiate terms Develop long term relationships

SCM Ans: Integration of suppliers, manufacturers, transportation organizers, and other parties to bring supplies to market Procurement Ans: Purchasing Branch that gets materials, equiptment, p&s Find best value Negotiate terms Develop long term relationships Operations Ans: Branch that makes business processes effective & efficient Logistics Ans: Branch that develops transportation itinerary& storage partners Downstream: towards consumer Upstream: Away from consumer Strong relati...

SCM 300 test Modules 1 & 2 Questions and Answers with complete actual solution

1 SCM 300 Test 1 ASU 100% Correct Solved

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