SCM 300 Exam 1 Modules 1-4 (Davila) With 100% Correct And Verified Answers
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Course
SCM 300
Institution
SCM 300
SCM 300 Exam 1 Modules 1-4 (Davila) With 100% Correct And Verified Answers
Supply Chain Management - Correct Answer-the management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it - Correct Answer-SCM Flows/Strategy
1. cost
2. quality
3. speed/time...
SCM 300 Exam 1 Modules 1-4 (Davila)
With 100% Correct And Verified Answers
Supply Chain Management - Correct Answer-the
management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it -
Correct Answer-SCM Flows/Strategy
Procurement (buy it) - Correct Answer-process of
obtaining services, supplies, and equipment in
conformance with corporate regulations
Operations (make it) - Correct Answer-makes
business processes effective and efficient. They
help the organization create high quality products/
services using the fewest resources
,Logistics (move it) - Correct Answer-developing the
transportation itinerary and finding reliable
transportation and storage partners, to be able to
navigate the flow of materials to the final
destination
purchasing -> production -> distribution -> retail
sales - Correct Answer-The Supply Chain
The efficient integration of the Supply Chain -
Correct Answer-SCM Def
satisfy the customer, satisfy the company, consider
the future - Correct Answer-Successful SC Manager
sustainable long term profits and maimize ROI -
Correct Answer-Corporation Goals
Reverse Logistics - Correct Answer-reuse of
production and materials
1st Tier Suppliers - Correct Answer-a company's
direct supplier. A firm that directly provides goods
and/ or services to a company
2nd Tier Suppliers - Correct Answer-a firm provides
goods and/ or services to a company's first-tier
supplier
Downstream - Correct Answer-direction in which
products flow towards an end consumer. Direction is the right.
Storage and consolidation/sorting
picking and packing, labeling
, Upstream - Correct Answer-direction from customers to suppliers.
Direction is the left
central return center AKA reverse logistics activities
Business model - Correct Answer-planning to purchase, transform,
deliver, and sell products with intent on making a profit
Supply Chain Visibility - Correct Answer-ability to see what is
happening with inventory up and down a supply chain
Profit - Correct Answer-Formula: profit = revenue - cost. If supply
chain creates a damaged product no one will buy it for a premium
price, that's why it's important for the supply chain to deliver the
best products
ROI - Correct Answer-Formula: total profit/ total invest money.
Return on investment- an economic measure that helps evaluate the
return of money. Scenario 1: 10/1,000 = 0.01 Scenario 2: 10/1 = 10
(good investment).
total profit/ total invest money - Correct Answer-ROI Formula
profit= revenue - cost - Correct Answer-Profits Formula
Delivery time - Correct Answer-from order placement to order
fulfillment
1. defaults
2. overproduction
3. transportation (moving products may involve damage or theft)
4. motion (employees get tired thus get injured)
5. waiting (work in process finished to soon and is waiting to be
finished)
6. inventory (not providing return)
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