SCM 300 Exam 2 With 100% Correct And Verified Answers
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Course
SCM 300
Institution
SCM 300
SCM 300 Exam 2 With 100% Correct And Verified Answers
Brick and Mortar (retail option) - Correct Answer-"All products and services are sold to customers from physical stores. Example: McDonald's"
Online or E-tailing (retail option) - Correct Answer-" All products and services are sold to custom...
SCM 300 Exam 2 With 100% Correct And
Verified Answers
Brick and Mortar (retail option) - Correct Answer-"All products
and services are sold to customers from physical stores. Example:
McDonald's"
Online or E-tailing (retail option) - Correct Answer-" All products
and services are sold to customers through an online website.
Example: Amazon.com"
Bricks and Clicks (retail option) - Correct Answer-"Products can be
bought from a physical store or from an online system. Example:
Barnes and Noble and BN.com"
Clicks and Calls (retail option) - Correct Answer-"In addition to
taking orders via the company website, some companies will also
offer sales via the phone. Examples: Lands' End and L.L. Bean"
Omni-channel retailing - Correct Answer-"Retailers that are fully
committed to engaging customers via catalogs, phone calls, websites,
email, internet chatrooms, social media sites or mobile apps, and of
course also in stores"
EX: Nordstrom
Manufacturers - Correct Answer-"These are the companies that
actually create the finished goods. Retailers then buy the goods and
that retailer is responsible for distribution and storage."
Wholesalers - Correct Answer-"These organizations purchase goods
from manufacturers. Typically they purchase an assortment of
goods from many manufacturers, thus a retail company could
purchase all of their electronics from a single wholesaler versus
having to purchase from each individual manufacturer."
, Drop shippers - Correct Answer-"This one is not really a source of
supply, but rather an organization that ties manufacturers and/or
wholesalers directly to consumers"
"Drop shipper has a website with pictures of items for sale. The
consumer places an order from the website. The drop shipper takes
the order information and sends it along to a manufacturer or
wholesaler that actually holds and owns the inventory. That
manufacturer or wholesaler will then pick, pack, and deliver the
order to the customer on behalf of the drop shipper."
Chargebacks - Correct Answer-"These are effectively penalties
charged by retail organizations to their suppliers/vendors for any
number of minor and major supply chain offenses. The goal here is
to motivate vendor compliance in the areas of on-time shipments,
shipment accuracy, product quality, incorrect packaging, label
errors, etc."
Collaborative, Planning, Forecasting, and Rescheduling (CPFR) -
Correct Answer-"A formalized effort by supply chain partners to
share data and collectively develop forecasts in an effort to reduce
supply chain costs through better planning."
Vendor Managed Inventory - Correct Answer-"An arrangement
where retailers allow vendors to monitor in-store inventories,
initiate orders/shipments to the store when inventories are low, and
also bring the items into the store and onto the shelf.
Last Mile - Correct Answer-"In supply chain the last mile typically
refers to the portion of the supply chain between the final inventory
holding facility and the end consumer."
Independents (retail ownership) - Correct Answer-"One store, one owner.
Usually they are trying to satisfy a very specialized market or locale.
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