Scmn - Study guides, Class notes & Summaries

SCMN-2150-Smedberg: Test 3 Questions and Answers 100% Pass What is the lifeline of supply chains? information Supply chain managers can only derive valuable insight from data that is (key requirements): -Accurate -Accessible -Relevant -Reliable -Timely -Transferable -Usable key requirement of SC info that says data must be current & depict reality accurate key requirement of SC info that says data must be readily available for decision making purposes accessible key...

SCMN 3730 Exam 2 Questions and Answers Already Graded A what are the 8 key principles of TQM? 1. Define quality in the terms of your customers and their requirement 2. pursue quality at the source 3. stress objective rather than subjective analysis 4. emphasize prevention rather than detection of defects 5. focus on process rather than output 6. strive for zero defects 7. establish continuous improvement as way of life 8. make quality everyone's responsibility What does process ca...

SCMN 3150 TEST 1 LATEST VERSION GRADED A+ SCM in 4 Words 1.) Plan 2.) Source 3.) Make 4.) Deliver What is SCM? -The "art" of managing the flow of materials and products, information, and financial resources from the source to user • Suppliers → Manufacturers → Distributors → Retailers → Consumers • Not a science because consumers don't always act rationally Who is the most important participant in the Supply Chain? -Consumer • If there is no demand from the cu...

SCMN 3150 Brian Gibson test 1 Questions and Answers Rated A+ 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 adv...

SCMN 3710 Test 2 Strickland Latest Update Graded A+ 1. Be able to explain potential supply/demand misalignment throughout the life cycle of a product as shown on Fig. 7.1 on page 210 of your text. z 2. What is the definition of demand management according to Blackwell & Blackwell? Focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions. 3. Explain the 4 methods commonly used to manage the imbalance betwee...

SCMN 3150 Test 3 Quizzes with Complete Answers Episode 9 Supply Chain Technology Which supply chain technology capability captures customer requirements, prioritizes them, and recommend alternatives to ensure product velocity aligns with customer needs. Speed to market From a differentiation standpoint, technology can help an organization define supplier and customer segments, understand the cost to serve them, and prioritize service execution so that critical groups receive appr...

SCMN 3710- Exam 1 Questions and Answers Already Passed What external change drivers have had the most impact on the development of global supply chains in the 21st century? Technology Describe the evolution from the physical distribution concept of the 1960s to the integrated logistics concept of the 1980s to the supply chain concept of today. Supply chains are extended enterprises which require managing four flows- products, information, financials (cash), & demand on a collaborati...

Goals of Technology for SCM - Plan, execute, and control SCM activities in real time Optimization - peak performance of a supply chain requires alignment of resources within and across organizations Cross-chain Visibility - visibility to events occurring across the supply chain is a pre-requisite for effective decision making Speed to Market - properly implemented technologies capture customer requirements, prioritize them, and recommend alternatives to ensure product velocity aligns wi...

SCMN 3720 Strickland Final Exam Questions and Answers Already Passed Which country is the largest trading partner of the US based on combined exports and imports? Canada -US trading partners: Exports -US trading partners: Imports -Canada, Mexica, China -China, Canada, Mexico What is the term for the manufacturing facility in Mexico where products can be assembled and returned to the US without duty being paid? Maquiladora Plant Transaction Channel: -Transfer of ownership Li...

SCMN 3720 Test 2 Questions and Answers Already Passed What drives transportation pricing across the modes? service characteristics drive price (accessibility, speed, reliability, capability, and cost/lb) What service characteristic is the major driver of price across modes? speed What primarily drives transportation pricing within the mode? -Capacity (Supply) Number of Drivers, Tractors,Trailers/Containers, Cargo Ships, Cargo Aircraft -Shipping Volume (Demand) Driven by demand for co...