SCM 300 Module 9 Supply Chain Management, Procurement, Operations, Logistics, Reverse Logistics, Global SCM, Vendor Management, Inventory Visibility, Demand Management, Just-in-Time Production, Lean Manufacturing, Bullwhip Effect, Push-Pull-Postponement S

SCM 300 Module 9 Supply Chain Management, Procurement, Operations, Logistics, Reverse Logistics, Global SCM, Vendor Management, Inventory Visibility, Demand Management, Just-in-Time Production, Lean Manufacturing, Bullwhip Effect, Push-Pull-Postponement Strategies, Retailing Models, Omni-Channel Distribution, Bricks & Clicks, Clicks & Calls, Queueing Theory, Waiting Line Management, Single & Multi-Server Systems, Retail Ownership, Layout Design, Sustainability, Social Responsibility, Ethical Sourcing, Supplier Evaluation & Certification, Strategic Partnerships Exam Questions Verified and Provided with Complete Verified Rationales latest Updated 2026 Project Unique undertaking where resources are organized to achieve an end goal or outcome. Successful Project Projects that have a limited scope and provide some sort of deliverables. 4 Steps in Project Management Define the project, Establish Project Priorities, Work Breakdown Structure, Track Project Progress. Define the Project What exactly is the project trying to achieve? Establish Project Priorities 3 high quality outcomes: projects that result in outstanding performance (quality), projects completed quickly (on time), projects completed with minimal resources (low cost). Work Breakdown Structure Breaking down the project so that there can be reasonable estimates about time and resources can be developed. Track Project Progress Allows managers to see if the project is on schedule. Project Priorities Cost, time, quality. Project priorities Cost, time, quality Work breakdown structure Breakdown projects into smaller units and estimate the people, time, and costs of each Objectives The desired outcomes for the project. Ex. movie make $20 mil or more in ticket sales and will not exceed a budget of $15 mil; movie will be released by June next year; movie will get a fresh rating on Rotten Tomatoes. Deliverables Description of the products and/or services that should be delivered by the end of the project. Ex. presentation, spreadsheet, video demonstrating a new business process. Milestones Specific events targets, placed throughout the project, as important to staying on track. Ex. electrical wiring in the home by Feb 1, actors chosen by July 1, filming completed by Sep 24. Scope Creep Phenomenon where during the course of a project, the project team allows new goals and deliverables to become a part of the project. Ex. plan on a dinner with a set budget and time allowance, but last minute decide to add a dessert. Project Management Software -Assists the organization of a project while tracking the progress and all related resources. -Allows managers to run different scenarios of projects to explore different options with minimal effort AON Diagrams -Activity on Node Network Diagrams; -interconnected activities that must be completed to increase opportunities for success