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OMIS 320 Question and answers 100% correct

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OMIS 320 Question and answers 100% correct OMIS 320-Exam 1 Supply Chain Management (SCM) - correct answer The integration of key business processes regarding the flow of materials from raw material suppliers to final customers. Vertically Integrated Firm - correct answer a firm whose bu...

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  • November 5, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • omis 320
  • omis 320 question and answers 100 correct

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  • OMIS
  • OMIS

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OMIS 320-Exam 1
Supply Chain Management (SCM) - correct answer ✔The integration of key
business processes regarding the flow of materials from raw material
suppliers to final customers.


Vertically Integrated Firm - correct answer ✔a firm whose business
boundaries include former suppliers and/or customers


First-tier suppliers, first-tier customers, Second-tier suppliers, second-tier
customers - correct answer ✔The direct suppliers and customers of the focal
firm are first-tier suppliers and customers. The first tier suppliers suppliers are
thus the focal firms second-tier suppliers, and the first-tier customers
customers are the focal firms second tier customers.


Supply Chain Elements - correct answer ✔-Supply
-Operations
-Logistics
-Integration


Elements & Issues
Supply - correct answer ✔Supply base reduction, supplier alliances, SRM,
global sourcing, ethical and sustainable sourcing.


Elements & Issues
Operations - correct answer ✔Demand management, CPFR, inventory
management, MRP, ERP, lean systems, Six Sigma quality


Elements & Issues

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