DAVILA SCM 300 FINAL EXAM TEST WITH VERIFIED ANSWERS
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Course
DAVILA SCM 300
Institution
DAVILA SCM 300
DAVILA SCM 300 FINAL EXAM TEST WITH VERIFIED ANSWERS
1. Competitive Pri-
orities
2. Productivity and
Value
1. Cost
2. Quality
3. Speed/Time
4. Flexibility
Organization vs. Customer
3. What is SCM Is the oversight of materials, information, and finances
as they move in a process from supp...
2. Productivity and Organization vs. Customer
Value
3. What is SCM Is the oversight of materials, information, and finances
as they move in a process from supplier to manufacturer
to wholesaler to retailer to consumer.
4. Operations Man- Design, operations, and improvement of product sys-
agement tems that efficiently transform inputs into finished goods
and services which leads to maximizing productivity.
5. Logistics Is the COORDINATED Planning and Execution of prod-
uct distribution, preparation of packaged product, trans-
port and warehousing.
6. Procurement The process of obtaining services, supplies, and equip-
ment in conformance with corporate regulations.
7. Upstream Stage of the production process involves searching for
and extracting raw materials.
8. Downstream Stage in the production process involves processing the
materials collected during the upstream stage into a
finished product
9. Reverse Logistics The process of planning, implementing, and control-
ling the efficient, cost effective flow of raw materials,
in-process inventory, finished goods and related informa-
tion from the point of consumption to the point of origin
for the purpose of recapturing value or proper disposal.
10. 1st Tier Supplier Companies direct supplier
11. 2nd Tier Supplier Provide tier 1 with supplies
, DAVILA SCM 300 FINAL EXAM TEST WITH VERIFIED ANSWERS
12. Safety Stock Insurance inventory
13. Pipeline Invento- Inventory in transit
ry
14. Vertical Integra- A company taking on additional supply chain responsibil-
tion ities that used to be done by outside parties
15. Benefits of High >>Higher levels of customer service
Inventory Levels >>Quantity discounts
>>Fewer orders placed
>>Greater security for demand variability
16. Benefits of Low >>Less storage space
Inventory Levels >>Lower change of obsolesence
>>Less materials handling requirments
>>More money available for investment opportunities
17. What is the EOQ? >>Is the optimal order size.
>>Using it, you will get the lowest total cost for the given
cost structure and demand forecast.
18. What does it Above the EOQ.
mean if AHC >
AOC? Increase or
decrease Q?
19. What does it Below the EOQ.
mean if AHC <
AOC? Increase or
decrease Q?
20. What should be >>Cost
considered in >>Quality
choosing a sup- >>Location
plier? >>Innovation
>>Flexibility
>>Speed ect..
21. Line Flow
, DAVILA SCM 300 FINAL EXAM TEST WITH VERIFIED ANSWERS
>>Low per unit Cost(long-term).
>>Consistent Quality.
>>Fast Production Rates.
>>Minimal Customization Opportunities, Product Lines
very consistent.
>>Make-to-Stock.
>>Start -up costs may be very high.
22. Flexible Flow >>High per unit cost.
>>High performance and design.
>>Slow production rates.
>>Customization opportunities likely, difference between
products may be great.
>>Make-to-order.
>>Start-up costs relatively low.
23. Hybrid Systems >>Assemble-to-order.
>>Start-up costs are moderate.
>>Labor, machines, tools= mix.
>>Lead times dictated by both processing rates and
delivery.
>>Changeovers= depends
>>Inventory= depends
24. Cycle Time Maximum time allowed for work on one unit at each
station - time it takes for one unit to come off assembly
line.
25. Bottleneck One station taking more time required than the rest of the
stations and creating a back up in unfinished goods.
26. Established Chain of organizations help bring products to user
Channels of
Distribution
27. Established Sup- An established group of suppliers from which a company
plier Base makes most of its purchases.
28. >>Bulk Cargo, which is free flowing cargo stored loose
and is usually loaded by shovel. (EX: coal, rice)
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