Responsive supply chains Study guides, Class notes & Summaries

What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer- It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer- requires delivering more value...

What is Supply Chain Management? - Answer-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - Answer-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: - Answer-requires delivering more value and...

SCM 303 Exam Questions With Verified Answers. Where are supply chains found? - answerIn a wide variety of businesses Upstream - answertowards suppliers Downstream - answertowards customers Why was the silk road or the spice trade viable? - answerbecause the goods being transported were very highly valued The tradability of goods.. - answerhas been increasing over time Why were supply chains localized prior to 1800? - answerbecause travel and communication over long distances was very di...

When supply chain data is said to be RELEVANT, it must correct answers contain pertinent details and support analysis * Tools like the internet, virtual private networks, and cloud computing like geographically dispersed supply chains to a common data pool that allows companies to improve their correct answers Collaboration A well-designed and properly deployed supply chain information system will make an organization become more correct answers responsive * Supply chain information sys...

BUSOBA 3230 Exam 2 | Questions and Answers In a recent post, it was indicated that Tesla currently has the capacity to build 90k Model S/X and 400k Model 3/Y in Fremont, California, with an additional 150k capacity for Model 3s in Shanghai. Which of the following are true? (Select all that are correct) These are input measures They indicate the number of cars needed to break-even These are productivity measures These are output measures They indicate the maximum number of cars that can be prod...

Describe how Toyota revolutionized the manufacturing process correct answers Developed the JIT system Just in time ensured parts where on hand for breakdowns and if a problem was created a team would pause their task and work together What are the features of the new model of progressive purchasing? correct answers 1. Closer relationships with key suppliers 2. Performing due diligence on suppliers before awarding long-term contracts 3. Conducting worldwide searches for the best sources ...

The supply chain features a constant flow of.... information, products, and funds SC surplus involves what 2 parts? Customer value and supply chain cost Customer value is... the sum of the supply chain surplus and supply chain cost. The objective of every supply chain is to... maximize the overall value generated Walmart's SC features clusters of stores around distribution centers, which facilitates.. Frequent but inexpensive replenishment at the stores t...

What is Supply Chain Management? Correct Answer the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) Correct Answer It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: Correct Answer requires delive...

SCMN 2150 Brian Gibson test 1 Exam Review Questions & Answers What is Supply Chain Management? - ANS-the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - ANS-It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Comp...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Competitive advantage: : requires delivering more value and satisfaction t...