SCM 300 Davilla ASU Exam 1 Questions and Answers | 100% Correct Answer | Grade A+

Supply Chain Management (SCM) Ans: integration of suppliers, manufacturers, transportation as well as other parties to collectively bring products to market Procurement Ans: Purchases inputs such as raw materials, resources, equipment, and supplies Operations Ans: Branch responsible for making business processes more efficient, trying to make highquality products or services with fewest possible resources Logistics Ans: Focuses on transportation processes, storage, and transportation needs for the flow of materials to the final destination from the point of origin Reverse Logistics Ans: Movement of products backward in the supply chain away from the consumer (upstream), including product returns, recycling and material reuse, and waste disposal Global SCM Ans: Suppliers, manufacturers etc across multiple continents or countries 1st-tier and 2nd-tier suppliers Ans: -1st tier: a company's direct suppliers. -2nd tier: firm that provides goods and/or services to a company's first-tier supplier. Upstream vs. Downstream Ans: -Upstream: the direction that points toward the suppliers. -Downstream: the direction that points toward the end consumer Three SCM Flows Ans: All three of these must flow throughout a supply chain for it to develop and function: 1. Materials 2. Money 3. Informatio