Primary processes of scm - Study guides, Class notes & Summaries

SCMN 2150 (Test 1) Latest 2024 Graded A+ Supply chain management the art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain - Suppliers - Manufacturers - Distributors - Retailers - Consumers (most important) What are the goals of supply chain management SCM helps companies outpace the competition by managing their materials, product, and information f...

SCMN Test 1 Study Guide Questions And Answers 2023 What is SCM and why is it important? - Answer-includes 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. . BETTER FASTER CHEAPER and provides valuable opportunities to create competitive advantage. Who are the key participants in SCM? - Answer-Suppliers --> manufacturers --> distributors --> ...

BMAL-590 INFORMATION MANAGEMENT SYSTEMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ In business, organizations utilize information primarily in problem-solving or in decision-making processes Problem-solving and decision-making require information. Gathering the correct information efficiently, storing it in such a way that it is accessible, and utilizing it to help an organization achieve its business goals are the keys to success in any business environment. Data the ra...

MGSC 346 Shukla Exam 1, Questions and answers, 100% Accurate. operations and supply chain management involves specialists in -product design -purchasing -manufacturing -service operations -logistics -distribution success depends upon -operations related strategy (plans to reach corporate goals) -processes to deliver products and services (activities using inputs) -analytics to support the decisions needed to manage the firm (data) 3 goals? strategy, process, analytics feedforward...

SCM 300 FINAL EXAM WITH A GUARANTEED PASS Business Process - Answer-Takes an input, adds value, provides an output. 3 requirements for a good process... - Answer-1. Good intentions 2. Reproducible Results 3. Measurable and Manageable Common reasons for a bad process... - Answer-1. Never was good - ambiguity, misalignment, miscommunication 2. Used to be good - market evolution, miscommunication 3. Limitations - development of poor or limited processes, lack of appropriate tools St...

Who is the most important participant in the supply chain? correct answers the consumer How many primary groups are in the SC? correct answers 5 What consulting company was your professor formally an executive? correct answers Accenture In reality, what does a SC look like? correct answers A spiderweb SCM help companies outpace the competition by managing their materials, product, and information flows in order to be: correct answers better, faster, cheaper If an organization can ...

SCM300: Exam 1 Questions With Verified And Updated Solutions. Supply Chain Management (SCM) - answerthe effective and efficient integration of the suppliers, manufacturers, transportation organizations as well as the other parties responsible for collectively bringing products and services to market. Procurement - answerbranch of an organization responsible for acquiring materials, equipment, products and services. (Purchasing) Operations - answerresponsible for making business processes ...

Who is the most important participant in the supply chain? Correct Answer the consumer How many primary groups are in the SC? Correct Answer 5 What consulting company was your professor formally an executive? Correct Answer Accenture In reality, what does a SC look like? Correct Answer A spiderweb SCM help companies outpace the competition by managing their materials, product, and information flows in order to be: Correct Answer better, faster, cheaper If an organization can get i...

SCMN 2150 Brian Gibson Test 1 Questions And Answers Rated A+. What wis wcapacity? w- wcorrect wanswer. w w w wthe wrate wat wwhich woutput wcan wbe wproduced wby 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 relationshi...

What is supply chain management? correct answers Firms cooperating to create value for customers What is operations management? correct answers Managing transformation processes to convert inputs into products and services What is SC&O? correct answers Supply Chain and Operations (combining supply chain and operations to serve customers) What is the difference between outsourcing and nearsourcing? correct answers Outsourcing is the process of moving production to another firm. Nearso...