Exam (elaborations)
SCM 300 Exam 1 Modules 1-4 (Davila) 2024 QUESTIONS & ANSWERS
- Course
- Institution
SCM 300 Exam 1 Modules 1-4 (Davila) 2024 QUESTIONS & ANSWERS
[Show more]
Seller
Follow
Content preview
10/5/24, 6:02 PMSCM 300 Exam 1 Modules 1-4 (Davila) with 100% sure
answers
Jeremiah
Terms in this set (135)
Supply Chain Management the management of the chain of supplies
buy it -> make it -> move it -> sell it -> SCM Flows/Strategy
service it
1. cost Competitive Priorities
2. quality
3. speed/time
4. flexibility
value (what i get/price) customers perspective
productivity (what i make/cost) organization perspective
1. Procurement SCM Key Components
2. Operations
3. Logistics
process of obtaining services, supplies, and equipment in conformance with
Procurement (buy it)
corporate regulations
makes business processes effective and efficient. They help the organization create
Operations (make it)
high quality products/ services using the fewest resources
developing the transportation itinerary and finding reliable transportation and
Logistics (move it)
storage partners, to be able to navigate the flow of materials to the final destination
purchasing -> production -> distribution -> The Supply Chain
retail sales
The efficient integration of the Supply SCM Def
Chain
satisfy the customer, satisfy the company, Successful SC Manager
consider the future
sustainable long term profits and maimize Corporation Goals
ROI
Reverse Logistics reuse of production and materials
1/7
, 10/5/24, 6:02 PM
a company's direct supplier. A firm that directly provides goods and/ or services to a
1st Tier Suppliers
company
2nd Tier Suppliers a firm provides goods and/ or services to a company's first-tier supplier
direction in which products flow towards an end consumer. Direction is the right.
Downstream Storage and consolidation/sorting
picking and packing, labeling
direction from customers to suppliers. Direction is the left
Upstream
central return center AKA reverse logistics activities
planning to purchase, transform, deliver, and sell products with intent on making a
Business model
profit
Supply Chain Visibility ability to see what is happening with inventory up and down a supply chain
Formula: profit = revenue - cost. If supply chain creates a damaged product no one
Profit will buy it for a premium price, that's why it's important for the supply chain to deliver
the best products
Formula: total profit/ total invest money. Return on investment- an economic
ROI measure that helps evaluate the return of money. Scenario 1: 10/1,000 = 0.01 Scenario
2: 10/1 = 10 (good investment).
total profit/ total invest money ROI Formula
profit= revenue - cost Profits Formula
Delivery time from order placement to order fulfillment
1. defaults 7 types of waste
2. overproduction
3. transportation (moving products may
involve damage or theft)
4. motion (employees get tired thus get
injured)
5. waiting (work in process finished to soon
and is waiting to be finished)
6. inventory (not providing return)
7. over processing (doing unnecessary
work)
a. supply chain metrics: be able to report SC Tools
success or failure.
b. info technology tools: knowing what's
happening in global supply chain
c. relationship management skills: being
able to work with executives and
employees at other companies
d. financial resources: company needs to
be willing to invest in supply chains.
e. organizational integration: being able to
communicate between marketing, design,
finance, and advertising.
Amazon B2C
DHL Cargo B2B
Ford Motors B2C and B2B
Land based commerce Brick and Mortar
Burger King
SCM 300 Exam 1 Modules 1-4 (Davila)
2/7
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now