SCM 303 EXAM 3 Questions and Correct Answers the Latest Update
5 views 0 purchase
Course
SCM 303
Institution
SCM 303
Evidence of the growth and influence of supply management in an organization
includes...
a. fewer activities under the management or span of control of supply
b. meaningful involvement at the operational level
c. involvement in strategic planning
d. executive status of the chief supply office...
✓ 1. recognition of need
✓ 2. translation of need into commercially equivalent description
✓ 3. search for potential suppliers
✓ 4. selection of a suitable source
✓ 5. agreement on the contract details
✓ 6. delivery of the products or services
✓ 7. payment of suppliers
councils of supply chain management professionals
✓ defines logistics management as that part of supply chain management that plans,
implements, and controls the efficient, effective forward and reverses flow and
storage of goods, services and related information between the point of origin and
the point of consumption in order to meet customer requirements
supply chain management focuses on cost saving opportunities like
✓ -shorter lead times
✓ -removal of waste throughout the supply chain
✓ -reduction of inventories
service organizations spend how much on costs for outside suppliers?
✓ personnel use expertise to assess acquisition decisions
meaningful stage of sc involvement
✓ true team member status
key drivers for an organization supply decisions are
✓ mission, vision, strategy
how many challenges is the sc industry facing moving into the next decade?
Examify | Smart Grades | Latest update
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 TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
