SCM 470 Quiz 2 Complete Solutions
Definition of Supply Chain Management ️is the management of the flow of goods and services. It
involves the movement and storage of raw materials, of work-in-process inventory and of finished goods
as well as end to end order fulfillment from point of orig...
Definition of Supply Chain Management ✔️is the management of the flow of goods and services. It
involves the movement and storage of raw materials, of work-in-process inventory and of finished goods
as well as end to end order fulfillment from point of origin to point of consumption
Definition of purchasing ✔️buying of raw materials to fulfill business objectives in the most timely and
cost effective manner
Definition of operations ✔️the systems, structures and processes to plan and execute the flow of goods
and services from supplier to customer
Definition of logistics ✔️part of the supply chain process that plans, implements, and controls the
efficient, effective flow and storage of goods, services, and related information from the point of origin
to the point of consumption to meet customer requirements
Product-process matrix ✔️
jumbled flow ✔️Low capital intensity
high skilled labor
high customization
process flow focus
line flow ✔️high capital intensity
low skilled labor
standardized products
product flow focus
difficult to change capacity
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 CertifiedGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
