OSC 5620 Exam 1 Combined Set with all Correct & 100% Verified Answers |Actual Complete Exam |Already Graded A+

OSC 5620 Exam 1 Combined Set with all Correct & 100%
Verified Answers |Actual Complete Exam |Already Graded A+
1. A supply chain consists of ... A supply chain
consists of all parties
involved, direct-ly or
indirectly, in fulfilling a
customer request.
> Typically 5 supply
chain stages:
manufacturer and
suppliers, but also
trans-porters,
warehouses, re-
tailers, and
customers.

2. A supply chain involves three key flows:

Informatio
n
Product
Funds

A supply chain
involves three flows.
All supply chain
interactions are ful-
filled through these
three flows.




3. The goal/objective of a supply chain is to ... maximize the net value
generated.
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, OSC 5620 Exam 1 Combined Set with all Correct & 100%
Verified Answers |Actual Complete Exam |Already Graded A+

grow overall supply
chain surplus, not the
profits
of individual supply
chain members.

supply chain surplus




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, OSC 5620 Exam 1 Combined Set with all Correct & 100%
Verified Answers |Actual Complete Exam |Already Graded A+
4. Supply Chain Surplus Supply Chain
Surplus = Customer
Value - Supply Chain
Cost

Customer value:
customer willingness
to pay.
Supply chain cost: the
total cost of flows of
informa-tion, products,
and money of the
supply chain.

5. There are two ways to view the processes Cycle view
performed in a supply chain. Push/Pull view

6. Cycle view processes are divided
into
a series of cycles,
each performed at
the inter-face between
two succes-sive stages
of the supply chain

7. Cycle View Supplier >
Manufacturer >
Five Stages of Supply
Wholesaler\Distributor
Chain Four Process
> Retailer > Customer
Cycles
·Customer order cycle
·Replenishment cycle
·Manufacturing cycle
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Verified Answers |Actual Complete Exam |Already Graded A+
·Procurement cycle




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