Scmn 2150 test - Study guides, Class notes & Summaries

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull ou...

supply management - Answer-The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company procurement - Answer-the purchase of merchandise or services at the optimum possible total cost in the correct amount and qual...

What should drive activity across the supply chain? Manufacturing efficiency Marketing predictions Executive strategy Customer demand correct answers Customer demand According to the Module 1a reading, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out of date, or needing to be recycled. Deliver Return Make Plan correct answers return _______ Management includes all the activities that take place to get a product in...

SCMN 2150 Test 2 Auburn University Questions and Answers 100% Pass What is procurement? process of actually purchasing goods and services How does procurement differ from strategic sourcing? Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsourcing? obtain ...

SCMN 2150 Test 1 with complete solution ( Latest updated )

SCMN 2150 Test 1 Questions & Answers Which SC process focuses on the transformation of inputs into outputs? Post Sales Service Production Logisitics Supply Management - ANS-Production If an organization can get its SC well synchronized, what ultimate benefit will be achieved? Integration excellence Network excellence Functional excellence Process excellence - ANS-Network excellence The Episode 1 SC in Action video, focuses on what product? - ANS-McDonald's French Fries T/F -SCM mai...

SCMN 2150 TEST 2 AUBURN UNIVERSITY ACTUAL EXAM COMPLETE 150 QUESTIONS AND DETAILED SOLUTIONS JUST RELEASED

SCMN 2150 Test 1 Questions & Answers what is scm - ANS-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - ANS-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - ANS-the consumer What does SCM involve? - ANS-all the activities that take place to get a product in your hands - from the time of raw materials extracti...

what is scm : The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? : suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? : the consumer What does SCM involve? : all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull out your credit card and...

______ focuses on building an ongoing relationship between the manufacturer and the customer throughout the life cycle of the product. A. After-sales support B. End-of-life recycling C. Forward logistics D. Sales management correct answers After-sales support Which software tool helps a company align its resources with its customers in a manner that increases loyalty, streamlines interactions, and reduces frustration? A. Customer relationship management B. Transportation management syst...