mktg 372 midterm exam questions with correct
answers
supply chain
|
a process that links the flow of resources with the goal of fulfilling a
| | | | | | | | | | | | | |
customer's order or need | | |
supply chain management
| |
manages the oversight of all the steps in a supply chain to ensure
| | | | | | | | | | | | |
resources are optimally connected to fulfill a customer's order or need
| | | | | | | | | |
a good supply chain can:
| | | |
- improve product quality
| | |
- increase market reach and share
| | | | |
- improve profit margin
| | |
a weak supply chain can:
| | | |
- increase cost
| |
,- decrease productivity
| |
- increase overall issues
| | |
example of supply chain issues and reasons
| | | | | |
TARGET IN CANADA
| |
- inventory
|
- transportation
|
- cost
|
logistics
movement of physical goods or people from one place to the next
| | | | | | | | | | |
parts of a supply chain
| | | |
- sourcing
|
- procurement
|
- production
|
- inventory model
| |
- order process
| |
,- warehouse
|
- material handling
| |
- transportation
|
- planning
|
- sales and marketing
| | |
- customer service
| |
procure to pay | |
supplier selection through supplier payment
| | | |
hire to retire
| |
employee hiring and onboarding through employee leaving
| | | | | |
source to use| |
finding suitable suppliers through approving and adding them into the
| | | | | | | | | |
company's approved list | |
, a supply chain's job is to
| | | | |
maximize profit while managing the flow of information, goods, and
| | | | | | | | | |
money between parties
| |
constraint
non-negotiable and non-changeable fact in a supply chain
| | | | | | |
variable
changeable parts in the supply chain
| | | | |
Scor Ds Supply Chain Processes (7)
| | | | |
1. orchestrate
|
2. plan
|
3. order
|
4. source
|
5. transform
|
6. fulfill
|
7. return
|
answers
supply chain
|
a process that links the flow of resources with the goal of fulfilling a
| | | | | | | | | | | | | |
customer's order or need | | |
supply chain management
| |
manages the oversight of all the steps in a supply chain to ensure
| | | | | | | | | | | | |
resources are optimally connected to fulfill a customer's order or need
| | | | | | | | | |
a good supply chain can:
| | | |
- improve product quality
| | |
- increase market reach and share
| | | | |
- improve profit margin
| | |
a weak supply chain can:
| | | |
- increase cost
| |
,- decrease productivity
| |
- increase overall issues
| | |
example of supply chain issues and reasons
| | | | | |
TARGET IN CANADA
| |
- inventory
|
- transportation
|
- cost
|
logistics
movement of physical goods or people from one place to the next
| | | | | | | | | | |
parts of a supply chain
| | | |
- sourcing
|
- procurement
|
- production
|
- inventory model
| |
- order process
| |
,- warehouse
|
- material handling
| |
- transportation
|
- planning
|
- sales and marketing
| | |
- customer service
| |
procure to pay | |
supplier selection through supplier payment
| | | |
hire to retire
| |
employee hiring and onboarding through employee leaving
| | | | | |
source to use| |
finding suitable suppliers through approving and adding them into the
| | | | | | | | | |
company's approved list | |
, a supply chain's job is to
| | | | |
maximize profit while managing the flow of information, goods, and
| | | | | | | | | |
money between parties
| |
constraint
non-negotiable and non-changeable fact in a supply chain
| | | | | | |
variable
changeable parts in the supply chain
| | | | |
Scor Ds Supply Chain Processes (7)
| | | | |
1. orchestrate
|
2. plan
|
3. order
|
4. source
|
5. transform
|
6. fulfill
|
7. return
|
