SCM 309 (A+ Graded)

How supply chain creates value correct answers · grow revenue, minimize total cost, and reduce capital requirements Descriptive analytics correct answers · - the use of data to understand past and current performance to make informed decisions predictive analytics correct answers · use of a...

Supply Managemnt correct answers a progressive approach to managing the supply base that differs from the traditional arm's length or adversarial approach with suppliers Requires supply chain professionals to work directly with key suppliers who are capable of providing world-class performance ...

In terms of customer experience, the statements below are characteristics of the Perfect Order, EXCEPT: correct answers Customer deductions A ___________ is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e. good and/or service) ...

SCM definition correct answers resources capabilities strategic SCM includes everything except correct answers productions scheduling Which is not a reason to manufacture in house correct answers insufficient capacity When would you use an external supplier correct answers better cost of co...

The primary goal of Supplier Relation Management is to: correct answers Continuously improve performance Supplier selection criteria include quantitative and qualitative aspects to be considered. Identify from the list which one is a quantitative criterion. correct answers Cost In terms of Sup...

SCM definition correct answers resources capabilities strategic SCM includes everything except correct answers productions scheduling Which is not a reason to manufacture in house correct answers insufficient capacity When would you use an external supplier correct answers better cost of co...

When demand and supply planning are not synchronized (2 things) correct answers 1. Shortage of products that customers want 2. Surplus of products that customers do not want demand-supply integration (DSI) correct answers integrates supply-management and demand-generating functions of a business...

Challenges for the transportation industry include these statements, EXCEPT: a. rising customer expectations b. operating cost volatility c. capacity shortages of drivers, railcars, ocean slots, and ports d. excess capacity correct answers D one of the service characteristics of any transp...

Which of the following strategic foreign facilities is set up in a location with an abundance of advanced suppliers, competitors, research facilities and knowledge centers to get access to the most current information on materials, components, technologies and products? correct answers outpost facto...

Supply Chain Network correct answers suppliers, manufacturers, warehouses and DCS, customers Supply Chain Components correct answers supplier base (procurement, inbound logistics), integrated enterprise (MFG/SVC Ops, order fulfillment), Market/distribution network (outbound logistics, customer se...

Success in SCMT depends on (3) correct answers 1. strategy - goal; something that everyone agrees into/has to be aligned with to move on 2. processes - to deliver products and services 3. analytics - to support the decisions needed to manage the firm 3 A's correct answers 1. Automatio...