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SCM 300 Exam 1 Modules 1-4 (Davila) Study Guide Solutions
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SCM 300 Exam 1 Modules 1-4 (Davila) Study Guide Solutions Supply Chain Management - ANSWER-the management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - ANSWER-SCM Flows/Strategy 1. cost 2. quality 3. speed/time 4. flexibility - ANSWER-Competitiv...

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  • November 13, 2024
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  • 2024/2025
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SCM 300 Exam 1 Modules 1-4 (Davila)
Study Guide Solutions

Supply Chain Management - ANSWER✔✔-the management of the chain of supplies


buy it -> make it -> move it -> sell it -> service it - ANSWER✔✔-SCM Flows/Strategy


1. cost


2. quality


3. speed/time


4. flexibility - ANSWER✔✔-Competitive Priorities


value (what i get/price) - ANSWER✔✔-customers perspective


productivity (what i make/cost) - ANSWER✔✔-organization perspective


1. Procurement


2. Operations


3. Logistics - ANSWER✔✔-SCM Key Components


Procurement (buy it) - ANSWER✔✔-process of obtaining services, supplies, and

equipment in conformance with corporate regulations

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,Operations (make it) - ANSWER✔✔-makes business processes effective and efficient.

They help the organization create high quality products/ services using the fewest

resources


Logistics (move it) - ANSWER✔✔-developing the transportation itinerary and finding

reliable transportation and storage partners, to be able to navigate the flow of materials

to the final destination


purchasing -> production -> distribution -> retail sales - ANSWER✔✔-The Supply

Chain


The efficient integration of the Supply Chain - ANSWER✔✔-SCM Def


satisfy the customer, satisfy the company, consider the future - ANSWER✔✔-Successful

SC Manager


sustainable long term profits and maimize ROI - ANSWER✔✔-Corporation Goals


Reverse Logistics - ANSWER✔✔-reuse of production and materials


1st Tier Suppliers - ANSWER✔✔-a company's direct supplier. A firm that directly

provides goods and/ or services to a company


2nd Tier Suppliers - ANSWER✔✔-a firm provides goods and/ or services to a

company's first-tier supplier




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, Downstream - ANSWER✔✔-direction in which products flow towards an end

consumer. Direction is the right.


Storage and consolidation/sorting


picking and packing, labeling


Upstream - ANSWER✔✔-direction from customers to suppliers. Direction is the left


central return center AKA reverse logistics activities


Business model - ANSWER✔✔-planning to purchase, transform, deliver, and sell

products with intent on making a profit


Supply Chain Visibility - ANSWER✔✔-ability to see what is happening with inventory

up and down a supply chain


Profit - ANSWER✔✔-Formula: profit = revenue - cost. If supply chain creates a

damaged product no one will buy it for a premium price, that's why it's important for

the supply chain to deliver the best products


ROI - ANSWER✔✔-Formula: total profit/ total invest money. Return on investment- an

economic 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 - ANSWER✔✔-ROI Formula


profit= revenue - cost - ANSWER✔✔-Profits Formula

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