SCMN 3150 Tests Pack Questions & Correct Answers | Latest Update |Already Graded A+

What is SCM and why is it important? : SCM is the "art" of managing the flow of materials and products, information and money from source to user, and it is important because it is the source of customer satisfaction, cost reductions, and revenue increases Who are the key participants in the...

Episode 9 : Supply Chain Technology Which supply chain technology capability captures customer requirements, prioritizes them, and recommend alternatives to ensure product velocity aligns with customer needs. : Speed to market From a differentiation standpoint, technology can help an organiz...

SCM in 4 Words : 1.) Plan 2.) Source 3.) Make 4.) Deliver What is SCM? : -The "art" of managing the flow of materials and products, information, and financial resources from the source to user • Suppliers → Manufacturers → Distributors → Retailers → Consumers • Not a science ...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2....

What is procurement? : The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. How does procurement differ from strategic sourcing and supply management? : Procurement is buying the merchandise or services while SS tries to improve the buy...