OM 470 - Supply Chain Management - Exam 1 All Answers Correct
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OM 470 - Supply Chain Management - Exm 1 All Answ
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OM 470 - Supply Chain Management - Exm 1 All Answ
OM 470 - Supply Chain Management - Exam 1 All Answers
Correct
What is a supply chain? ️All stages involved, directly or indirectly, in fulfilling a customer request
Includes manufacturers, suppliers, transporters, warehouses, retailers, and customers
Within each company, the supply chain ...
OM 470 - Supply Chain Management - Exam 1 All Answers
Correct
What is a supply chain? ✔️All stages involved, directly or indirectly, in fulfilling a customer request
Includes manufacturers, suppliers, transporters, warehouses, retailers, and customers
Within each company, the supply chain includes all functions involved in fulfilling a customer request
(product development, marketing, operations, distribution, finance, customer service)
What is Supply Chain Management? ✔️Supply Chain Management (SCM) is the design and
management of flows of products, information, and funds throughout the supply chain, to deliver the
right product, at right place and time.
What are typical supply chain activities? ✔️Coordination
Information Sharing
Collaboration
What are supply chain stages? ✔️Suppliers
Producers
Wholesalers/Distributors
Retailers
Customers
What are three types of flows in supply chain? ✔️Flow of Products
Flow of Information
Flow of Funds
Explain the boundary-spanning nature of supply chain. ✔️SCM spans and integrates functions within
and between enterprises of the supply chain through:
Intra - Organizational Integration
, Cross - Enterprise Integration
Explain the goal of supply chain ✔️Maximize overall value created
Supply Chain Surplus = Customer Value - Supply Chain Cost
Define and discuss Supply Chain Strategy ✔️a long-range plan for the design and ongoing management
of all supply chain decisions that support the business strategy
Define and discuss business (competitive) strategy ✔️a plan for the company that clearly defines the
company's long-term goals, how it plans to achieve these goals, and the way the company plans to
differentiate itself from its competitors
Explain how companies achieve a competitive advantage ✔️Cost
Time (Delivery)
Innovation (Flexibility)
Quality
Service
Define ROE.
How is it calculated? ✔️From a shareholder perspective, return on equity (ROE) is the main summary
measure of a firm's performance
ROE = Net Income/Average Shareholder Equity
ROE = ROA*Leverage Multiplier
Define ROA.
How is it calculated? ✔️Return on assets (ROA) measures the return earned on each dollar invested by
the firm in assets
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