CUSP 320 EXAM 1 ACTUAL TEST PAPER QUESTIONS SOLUTIONS FULL REVIEW HIGH SCORE RESOURCE

CUSP 320 EXAM 1 ACTUAL TEST PAPER
QUESTIONS SOLUTIONS FULL REVIEW
HIGH SCORE RESOURCE

●● vertically integrated firm
Answer: a firm whose business boundaries include former suppliers and
or customers


●● first tier suppliersIt's
Answer: A company that sells and delivers materials or goods to a
customer's factory or shop


●● first tier customers
Answer: one that buys products directly from the operations (grocery
stores)


●● second tier suppliers
Answer: one that send materials to a first tier supplier


●● second tier customers
Answer: one that gets products from a first tier customer, people like
you and me

, ●● 1950s & 1960s SCM
Answer: focused on mass production techniques as their principal cost
reduction and productivity improvement strategies


●● 1960s & 1970s SCM
Answer: introduction of new computer technology lead to development
of MRP to coordinate inventory and improve internal communication


●● 1980s & 1990s SCM
Answer: intense competition led to SCM, JIT, TQM, BPR


●● 2000s & Beyond
Answer: industrial buyer rely more 3rd party service providers to
improve purchasing and supply management


●● Elements of SCM
Answer: -supply
-operations
-logistics
-integration


●● Foundations of SCM
Answer: -supply management