Scmn 2150 Study guides, Class notes & Summaries

what are the key supply chain data requirements - Answer-1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning - Answer-solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provide planning, what-if scenario analysis capabilities...

What is a supply chain? - Answer-a collection of organizations, people, activities, information, and resources who is involved in the supply chain? - Answer-customers, retailers, manufacturers, and suppliers what is supply chain management? - Answer-All the activities that take place to get a product in your hands from the time of raw materials to final product Why is SCM important to companies? - Answer-SCM helps companies outpace the competition (better, faster, cheaper) essential activ...

SCMN 2150 Test 2 Exam Questions And Revised Correct Answers Supply management - ANSWER : 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 - ANSWER : an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company Procurement - ANSWER : the purchase of merchandise or...

SCMN 2150 Test 2 Modules 4, 5, 6 Questions and Answers Already Passed What is logistics? The part of supply chain management that focuses on the planning, implementation, and control of the flow and storage of goods, relevant info., and related services What is fulfillment? The primary method of distributing product to a store. The process that begins with an order inquiry and ends with the delivery of a product to a customer. Why have logistics and fulfillment grown in importance? P...

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...

supply chain technology goals - Answer-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 - Answer-- enterprise resource planning application - supplier relationship management - customer re...

SCMN 2150 Test 1 Questions & Answers Which SC process focuses on the transformation of inputs into outputs? Post Sales Service Production Logisitics Supply Management - ANS-Production If an organization can get its SC well synchronized, what ultimate benefit will be achieved? Integration excellence Network excellence Functional excellence Process excellence - ANS-Network excellence The Episode 1 SC in Action video, focuses on what product? - ANS-McDonald's French Fries T/F -SCM mai...

What is procurement? - Answer-The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company What is the difference between traditional purchasing and strategic sourcing? - Answer-strategic sources seeks for continuous improvement What are the steps in the procurement process and why is it ...

what are the key supply chain data requirements - Answer-1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning - Answer-solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provide planning, what-if scenario analysis capabilitie...