Scmn 2150 final - Study guides, Class notes & Summaries

SCMN 2150 Test 2 Exam Questions And Answers (Updated And Verified) The purchase of merchandise at the optimum total cost, at the right time, in the right quantity - answerProcurement A company process that continuously re-evaluates and improves upon the companies procurement process - answerStrategic Sourcing The identification use and management of the resources a company needs to meet its goals - answerSupply management What is the goal of the procurement process? - answerhigher qualit...

SCMN 2150 Test 1 Questions And Answers Rated A+. what is scm - correct 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? - correct answer. suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - correct answer. the consumer What does SCM involve? - correct answer. all the activities that...

SCMN 2150 Test 1 Exam Questions With 100% Correct Answers What is Supply Chain Management? - answerIncludes 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 take the final product home 7 Principles of Supply Chain Management - answer1. Segment customers based on service needs 2. Customize the logistics network 3. Drive operations from demand 4. Differentiate product closer to the...

SCMN 2150 Who is the most important participant in the supply chain? - Answer- the consumer How many primary groups are in the supply chain? - Answer- 5 -suppliers -manufacturers -distributers -retailers -consumers In reality, what does a supply chain look like? - Answer- a spiderweb Supply Chain Management helps companies outpace the competition by managing their materials, product, and information flows in order to be: - Answer- Better Faster Cheaper Which utility allows ...

SCMN 2150 Test 2 Exam Questions And Answers (Updated And Verified) The purchase of merchandise at the optimum total cost, at the right time, in the right quantity - answerProcurement A company process that continuously re-evaluates and improves upon the companies procurement process - answerStrategic Sourcing The identification use and management of the resources a company needs to meet its goals - answerSupply management What is the goal of the procurement process? - answerhigher qualit...

SCMN 2150 Test 1 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 extracti...