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SCM 303 Exam 1 MSU FS18 Questions And Answers Latest Update
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SCM 303 Exam 1 MSU FS18 Questions And Answers Latest Update...
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SCM 303 Exam 1 MSU FS18 Questions AndAnswers Latest Update
supply chain the global network of organizations and activities involved in the design,
creation, delivery, consumption, and disposal of goods and services
supply chain 3 steps - ANSWER buy it, make it, move it
supply chain management - ANSWER the management of internal and external
relationships in supply chain
upstream - ANSWER point of origin of parts and equipment
activities or firms placed earlier in the supply chain
downstream - ANSWER delivery of product transportation, distributors, etc
activities or firms positioned later in the supply chain
Origin of supply chain? - ANSWER spice trade 1000 then silk road 200BC
what motivates supply chains? - ANSWER demand
tradability - ANSWER the property of a good or service that can be sold in another
location distant from where it was produced
How has tradability changed over time? - ANSWER what is valued now is different than
before, energy sources, transportation, materials, and communication
comprehensive view of supply chain - ANSWER logistics, procurement, and operations
(+ EGR and MKT = "Value Chain")
, Who coined the term "supply chain"? - ANSWER Booz Allen Hamilton consultants
common supply chain challenges ANSWER meet customer needs, reduce cost, increase
quality, (align) supply chains with the companies competitive strategy, to evolve to the
changing needs of the customers, competition, and technology
KPI ANSWER Key Progress Indicator
corporate strategy ANSWER overall mission and target businesses (long time horizon,
overall values, direction, goals, acquisitions/divestitures, performance metrics risk
management)
SBU - Strategic Business Unit: semi-independent organization for different products or
markets (shorter time, more detailed, identification of customer or market segments,
appropriate competitive priorities)
Functional strategy - ANSWER how functions support business unit strategies (more
detailed, more constrained, determines specific focus (key metrics, identify capabilities,
coordination of activities, management of critical resources))
critical customer - ANSWER critical to firm's success and receives firm's focus
value proposition the tangibles and intangibles that customers expect from a firm.
firm's offerings valued by customers distinct from competitors features that customer
will pay for difficult to imitate source of differentiation meets financial and strategic firm
objectives deliverable using the firm's capabilities and supply chain
Capabilities the things that a firm does well. Defines types of problems a firm can
proficiently
capabilities unique and superior based upon firm's routines, skills, and processes
volume - ANSWER customers buy in bulk quantity
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