Scmn - Study guides, Class notes & Summaries

SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass According to the Module 1 readings, what benefit is achieved by supply chain integration? A. reduced facility investment B. greater demand planning accuracy C. greater equipment utilization D. rationalized product handling B. greater demand planning accuracy According to the Module 1 readings, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out...

SCMN 3710 Final Exam – Questions With Detailed Solutions

SCMN 3730 Barto Test 2 Questions and Answers 100% Pass What is Philip Crosby's definition of quality? conformance to requirements The average North American manufacturing firm spends how much of its cost of good sold on purchased goods and services? 55% What is the role of Inspections? The underlying consideration is that an organization recognizes that defects are inevitable and therefore must be inspected out of the process output. What are the 8 key principles of TQM? Define q...

SCMN 2150 Exam 3 (Episodes 9-12) with Certified Answers supply chain technology goals 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchronized tools (technology), standard methods (process), relevant skills (people) SCM Software - enterprise resource planning applicatio...

SCMN 2150 Module 5 Questions and Answers 100% Pass What type of purchases should receive a supply manager's lowest priority and time commitment? Generic goods Which type of purchases include the modules and components that are used in production processes and add value to the product? Direct materials What is the sequence of the five-step procurement process? 1. identify need for materials and services 2. evaluate supplier options 3. select best suppliers 4. release orders and...

SCMN 2150 Test 2 with Complete Solutions supply management The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing an institutional procurement process that continuously improves and re- evaluates the purchasing activities of a company procurement the purchase of merchandise or services at the optimum possible total cost in th...

SCMN 3710 Exam 2 (Questions With Multiple Choice)

SCMN 3710 Exam 1 (Strickland) 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? a. 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 a. Supply chains are extended enterprises which require managing four flows—products, information, financials (cash), and deman...

What types of problems can be hidden by high inventory levels? a. poor material quality b. inaccurate demand-forecasting systems c. unreliable supplier delivery d. all of the above e. none of the above f. a and b -Correct Answer all of the above Items purchased from suppliers or produced internally to directly go into production requirements. It includes items purchased in bulk or unfinished condition. Examples include bulk quantities of chemicals, resins, or petroleum. Semifinished...

Procurement The purchase of merchandise or services at the optimal total cost, the correct quantity, the correct time, and the correct quality. The tactical aspect of the buy process. The goal is to get exactly what they want when they need it. Day to day purchasing function. Strategic Sourcing An institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Focus on continuous improvement of procurement Strategic focuses on continuous ...