SCMN 2150 Test 1
what is scm - Answer- The "art" of managing the flow of materials and products, information, and financial resources from source to user.
Who's involved in the supply chain? - Answer- suppliers, manufacturers, distributors, retailers, consumers
Who is the most important pa...
SCMN 2150 Test 1
what is scm - Answer- The "art" of managing the flow of materials and products,
information, and financial resources from source to user.
Who's involved in the supply chain? - Answer- suppliers, manufacturers, distributors,
retailers, consumers
Who is the most important participant in
the supply chain? - Answer- the consumer
What does SCM involve? - Answer- all the activities that take place to get a product
in your hands - from the time of raw materials extraction to the minute you pull out
your credit card and take the final product home.
three companys with good supply chains - Answer- amazon, nike, walmart
Supply chain management is important because - Answer- ...develop collaborative,
trusting relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? - Answer- -Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? - Answer- SCM help companies outpace the
competition by managing their materials,
product, and information flows
What do these CEOs have in common? - Answer- they are former scm execs
node - Answer- A fixed point in a supply chain where valued added processes take
place. Goods are processed, transformed, mixed, held, or sold here
link - Answer- The transportation method used to connect the nodes (plants,
warehouses, stores) in a supply chain.
network fulfillment options - Answer- Direct delivery, cross dock, and distribution
center
, network design characteristics - Answer- centralized or decentralized
direct delivery - Answer- supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs
cross dock - Answer- cross docks
suppliers to dock, dock to truck. preorganized
- moderate inventory held at store
- low handling costs
- low facility costs
distribution center - Answer- items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment
newspaper - Answer- direct delivery
dog food or tents - Answer- distribution center
chicken - Answer- cross dock
What is the network design process? - Answer- to set-up an optimal and easily
maintainable supply chain configuration and merchandise flows to enable the supply
chain to best support the business objectives.
Centralized Distribution has an advantage in - Answer- lower overall inventory
handling cost are the highest for the following network fulfillment method - Answer-
distribution center
auburn has an RFID lab that work on Supply chain solutions like product tracking
and visibility - Answer- true
long range capacity - Answer- R&D
New product plans
Capital expenses
Facility location, expansion Capacity planning
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 Freshy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
