SCM 300 Exam One
Supply Chain Management - CORRECT ANSWER--Suppliers and
Manufacturers
-Transporters, Distribution Centers, Warehouses
-Retailers and all other parties associated tasked with the successful delivery of
the final product and/or service.
-EFFICIENCY IS IMPOSSIBLE WITHOUT INTEGRATION
Procurement - CORRECT ANSWER--The process of obtaining services,
supplies, and equipment in conformance with organizational regulations
Examples include:
Supplier selection
Purchasing negotiations
Managing supplier relationships - Motivation, Development
Materials/Inventory management
Operations
Operations - CORRECT ANSWER--Design, operation, and improvement of the
production systems that efficiently transform INPUTS into Finished Goods and
Services
Examples:
Process management, Plant management
Capacity planning - resources, speed (How much, how fast?)
Scheduling jobs/people
Waiting line management
Process improvement projects
Logisitics - CORRECT ANSWER--The COORDINATED Planning and Execution
of the following:
Preparation of Packaged Product
Movement Itinerary (Transport)
Storage Itinerary (Warehousing)
Product Distribution throughout the Supply Chain - Who gets what? When?
How?
Examples
,Distribution/Warehousing, Infrastructure Mgmt.
Packaging, containerization, transportation, documentation
Third-party management and communication
Reverse Logistics
Reverse Logistics - CORRECT ANSWER-Turn waste into something useful (ex.
empty trucks driving around)
Global Supply Chain Management - CORRECT ANSWER-The coordination of
the flow of raw materials, components, semifinished goods, and finished products
around the world.
First Tier Suppliers - CORRECT ANSWER--A company's direct suppliers;
typically, a firm that directly provides goods and/or services to a company.
-Explained: These are suppliers that are one step to the left in the illustration
above. Thus, the manufacturer's first-tier suppliers are the companies designated
S1. Similarly, the first-tier suppliers of S1 firms are the S2 companies and a
retailer's first-tier supplier is their distributor.
Second Tier Suppliers - CORRECT ANSWER--A firm that provides goods and/or
services to a company's first-tier supplier.
-These are suppliers that are two steps to the left in the illustration above. Thus,
the manufacturer's second-tier suppliers are the companies designated S2.
Similarly, the second-tier suppliers of the distributors are the S1 companies and
the retailer's second-tier supplier is the manufacturer. It is important to note that a
weak S2 company can create problems for their S1 customer. For example, if the
S1 company is working with a weak S2, they may have problems fulfilling the
needs of the manufacturer. Poor second-tier suppliers increase the risk-level of
their customer's customer.
Downstream Supply Chain Management - CORRECT ANSWER--In a supply
chain, the direction that points toward the end consumer.
-In the provided supply chain illustration, the downstream direction is to the right.
In a company, an executive that works in downstream supply chain management
finds ways to get goods and services closer to the customer in an effective and
efficient manner. Downstream activities might include: Delivering goods from a
manufacturer to a distributor, suppliers (S1) working to get parts prepared in time
, for manufacturers, and distributors developing relationships with retailers so they
can better understand the retailer's supply chain needs.
Upstream Supply Chain Management - CORRECT ANSWER--In a supply chain,
the direction that points toward the suppliers.
-In the provided supply chain illustration, the upstream direction is to the left. In a
company, an executive that works in upstream supply chain management might
be responsible for: Ensuring that empty boxes at the retail level are returned to
the distributor for reuse and developing relationships with a company's first-tier
suppliers in order to better communicate the needs of the present and the future.
Three SCM Flows - CORRECT ANSWER-In order for supply chains to function
and develop, three things must continuously flow: materials, money and
information. Explained: Supply chains are known as systems or networks that are
tasked with moving materials from suppliers all the way to end customers, so it is
rather obvious that if materials stop flowing then the supply In order for supply
chains to function and develop, three things must continuously flow: materials,
money and information. Explained: Supply chains are known as systems or
networks that are tasked with moving materials from suppliers all the way to end
customers, so it is rather obvious that if materials stop flowing then the supply
Business Model - CORRECT ANSWER--A company's plan for how it will
purchase items, transform them, deliver them and sell them in an effort to
produce a profit.
-Explained: Amazon.com vs. a traditional bookstore. Here is an example of two
companies that are in the same industry but that have different business models.
Both are trying to sell books, but their individual plans for accomplishing that goal
are quite different. As customers, we see two obvious differences in their
business models - purchase and delivery. We buy books from Amazon online
and they are sent to our home. We must travel to traditional bookstores and buy
the book in a building. However, if we look at other parts of their supply chain, we
will likely see other differences in how they distribute, buy and handle book
returns. Business models often help define the structure of a supply chain, so
supply chain managers must understand their importance. As an organization
develops a business model it should consider the following questions: ·
-Do we sell to individual consumers or to big companies? ·
-Do we sell online, in-stores, or both? ·
Supply Chain Management - CORRECT ANSWER--Suppliers and
Manufacturers
-Transporters, Distribution Centers, Warehouses
-Retailers and all other parties associated tasked with the successful delivery of
the final product and/or service.
-EFFICIENCY IS IMPOSSIBLE WITHOUT INTEGRATION
Procurement - CORRECT ANSWER--The process of obtaining services,
supplies, and equipment in conformance with organizational regulations
Examples include:
Supplier selection
Purchasing negotiations
Managing supplier relationships - Motivation, Development
Materials/Inventory management
Operations
Operations - CORRECT ANSWER--Design, operation, and improvement of the
production systems that efficiently transform INPUTS into Finished Goods and
Services
Examples:
Process management, Plant management
Capacity planning - resources, speed (How much, how fast?)
Scheduling jobs/people
Waiting line management
Process improvement projects
Logisitics - CORRECT ANSWER--The COORDINATED Planning and Execution
of the following:
Preparation of Packaged Product
Movement Itinerary (Transport)
Storage Itinerary (Warehousing)
Product Distribution throughout the Supply Chain - Who gets what? When?
How?
Examples
,Distribution/Warehousing, Infrastructure Mgmt.
Packaging, containerization, transportation, documentation
Third-party management and communication
Reverse Logistics
Reverse Logistics - CORRECT ANSWER-Turn waste into something useful (ex.
empty trucks driving around)
Global Supply Chain Management - CORRECT ANSWER-The coordination of
the flow of raw materials, components, semifinished goods, and finished products
around the world.
First Tier Suppliers - CORRECT ANSWER--A company's direct suppliers;
typically, a firm that directly provides goods and/or services to a company.
-Explained: These are suppliers that are one step to the left in the illustration
above. Thus, the manufacturer's first-tier suppliers are the companies designated
S1. Similarly, the first-tier suppliers of S1 firms are the S2 companies and a
retailer's first-tier supplier is their distributor.
Second Tier Suppliers - CORRECT ANSWER--A firm that provides goods and/or
services to a company's first-tier supplier.
-These are suppliers that are two steps to the left in the illustration above. Thus,
the manufacturer's second-tier suppliers are the companies designated S2.
Similarly, the second-tier suppliers of the distributors are the S1 companies and
the retailer's second-tier supplier is the manufacturer. It is important to note that a
weak S2 company can create problems for their S1 customer. For example, if the
S1 company is working with a weak S2, they may have problems fulfilling the
needs of the manufacturer. Poor second-tier suppliers increase the risk-level of
their customer's customer.
Downstream Supply Chain Management - CORRECT ANSWER--In a supply
chain, the direction that points toward the end consumer.
-In the provided supply chain illustration, the downstream direction is to the right.
In a company, an executive that works in downstream supply chain management
finds ways to get goods and services closer to the customer in an effective and
efficient manner. Downstream activities might include: Delivering goods from a
manufacturer to a distributor, suppliers (S1) working to get parts prepared in time
, for manufacturers, and distributors developing relationships with retailers so they
can better understand the retailer's supply chain needs.
Upstream Supply Chain Management - CORRECT ANSWER--In a supply chain,
the direction that points toward the suppliers.
-In the provided supply chain illustration, the upstream direction is to the left. In a
company, an executive that works in upstream supply chain management might
be responsible for: Ensuring that empty boxes at the retail level are returned to
the distributor for reuse and developing relationships with a company's first-tier
suppliers in order to better communicate the needs of the present and the future.
Three SCM Flows - CORRECT ANSWER-In order for supply chains to function
and develop, three things must continuously flow: materials, money and
information. Explained: Supply chains are known as systems or networks that are
tasked with moving materials from suppliers all the way to end customers, so it is
rather obvious that if materials stop flowing then the supply In order for supply
chains to function and develop, three things must continuously flow: materials,
money and information. Explained: Supply chains are known as systems or
networks that are tasked with moving materials from suppliers all the way to end
customers, so it is rather obvious that if materials stop flowing then the supply
Business Model - CORRECT ANSWER--A company's plan for how it will
purchase items, transform them, deliver them and sell them in an effort to
produce a profit.
-Explained: Amazon.com vs. a traditional bookstore. Here is an example of two
companies that are in the same industry but that have different business models.
Both are trying to sell books, but their individual plans for accomplishing that goal
are quite different. As customers, we see two obvious differences in their
business models - purchase and delivery. We buy books from Amazon online
and they are sent to our home. We must travel to traditional bookstores and buy
the book in a building. However, if we look at other parts of their supply chain, we
will likely see other differences in how they distribute, buy and handle book
returns. Business models often help define the structure of a supply chain, so
supply chain managers must understand their importance. As an organization
develops a business model it should consider the following questions: ·
-Do we sell to individual consumers or to big companies? ·
-Do we sell online, in-stores, or both? ·
