Scm key components - Study guides, Class notes & Summaries

Supply Chain Management - the management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - SCM Flows/Strategy 1. cost 2. quality 3. speed/time 4. flexibility - Competitive Priorities value (what i get/price) - customers perspective productivity (what i make/cost) - organization perspective 1. Procurement 2. Operations 3. Logistics - SCM Key Components Procurement (buy it) - process of obtaining services, supplies, and equipment in...

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

Logistics Management correct answer: is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse 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 correct answer: the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply cha...

ASU: SCM 300 EXAM 3 Study Guide With Accurate Solutions. Which of the following are among the MOST important elements of the lean production philosophy? a. Quality inspections and a standardized product line b. Fully automated assembly lines and a large supplier base c. Large inventories and quality inspections d. Waste reduction and continuous improvement - answerWaste reduction and continuous improvement Which of the following is NOT one of the Seven Wastes? a. Excess inventory b. E...

SCM 300 Exam 3 Davilla Study Guide With Verified And Updated Solutions. Competitive priorities - answer1. cost 2. quality 3. speed/time 4. flexibility Value - answerwhat i get/price Productivity - answerwhat i make/cost SCM key components - answer1. Procurement 2. Operations 3. Logistics Procurement - answerBuy it: process of obtaining services, supplies, and equipment in conformance with corporate regulations Operations - answerMake it: makes business processes effective and effici...

CIS 235 Final Exam Questions With 100% Correct Answers What are the 4 phases of Customer Life Cycle? Do you know the order of the phases? - answerMarketing Customer acquisition Relationship management Loss/Churn How does CRM work along Customer Lifecycle? - answerEvery contact and transaction with the customer is recorded in the CRM database. What are the CRM components that are used for solicitation/lead tracking and relationship management? - answerLead Management Application (Market...

Operations Management design, execution, and control of operations that convert resources into desired goods and services, aligned with company's business strategy business function responsible for managing process to create goods and services Major Activities in Operations Management product development, managing purchases, inventory control, production operations, quality control, storage, and logistics Brainpower Read More Previous Play Next Rewind 10 seconds Move ...

WGU IT Project Management Study Guide 2-2 Questions with Answers Study Guide Practice Quiz MSITM 1. What is P more of a representative of as a business model? Consumer-to-Business (C2B) 2. What is an example of "CIO theory of reciprocity"? If we had a real-time inventory management system, we could increase revenue by $10 million. 3. If an organization were to have only one e-policy, that is the starting point and the umbrella for any other policies the organization might establish...

SCM 300 Exam 1 Modules 1-4 Exam Study Guide With Verified Solutions. Supply Chain Management - answerthe management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - answerSCM Flows/Strategy 1. cost 2. quality 3. speed/time 4. flexibility - answerCompetitive Priorities value (what i get/price) - answercustomers perspective productivity (what i make/cost) - answerorganization perspective 1. Procurement 2. Operations 3. Logistics - answerSCM K...

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...