Exam (elaborations)
SCM 303 Exam 1 MSU FS18 Questions And Answers Latest Update
- Course
- Institution
SCM 303 Exam 1 MSU FS18 Questions And Answers Latest Update...
[Show more]
Content preview
SCM 303 Exam 1 MSU FS18 Questions AndAnswers Latest Update
supply chain the global network of organizations and activities involved in the design,
creation, delivery, consumption, and disposal of goods and services
supply chain 3 steps - ANSWER buy it, make it, move it
supply chain management - ANSWER the management of internal and external
relationships in supply chain
upstream - ANSWER point of origin of parts and equipment
activities or firms placed earlier in the supply chain
downstream - ANSWER delivery of product transportation, distributors, etc
activities or firms positioned later in the supply chain
Origin of supply chain? - ANSWER spice trade 1000 then silk road 200BC
what motivates supply chains? - ANSWER demand
tradability - ANSWER the property of a good or service that can be sold in another
location distant from where it was produced
How has tradability changed over time? - ANSWER what is valued now is different than
before, energy sources, transportation, materials, and communication
comprehensive view of supply chain - ANSWER logistics, procurement, and operations
(+ EGR and MKT = "Value Chain")
, Who coined the term "supply chain"? - ANSWER Booz Allen Hamilton consultants
common supply chain challenges ANSWER meet customer needs, reduce cost, increase
quality, (align) supply chains with the companies competitive strategy, to evolve to the
changing needs of the customers, competition, and technology
KPI ANSWER Key Progress Indicator
corporate strategy ANSWER overall mission and target businesses (long time horizon,
overall values, direction, goals, acquisitions/divestitures, performance metrics risk
management)
SBU - Strategic Business Unit: semi-independent organization for different products or
markets (shorter time, more detailed, identification of customer or market segments,
appropriate competitive priorities)
Functional strategy - ANSWER how functions support business unit strategies (more
detailed, more constrained, determines specific focus (key metrics, identify capabilities,
coordination of activities, management of critical resources))
critical customer - ANSWER critical to firm's success and receives firm's focus
value proposition the tangibles and intangibles that customers expect from a firm.
firm's offerings valued by customers distinct from competitors features that customer
will pay for difficult to imitate source of differentiation meets financial and strategic firm
objectives deliverable using the firm's capabilities and supply chain
Capabilities the things that a firm does well. Defines types of problems a firm can
proficiently
capabilities unique and superior based upon firm's routines, skills, and processes
volume - ANSWER customers buy in bulk quantity
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 Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now