DSS200 EXAM 3 QUESTIONS AND ANSWERS
Enterprise Resource System (ERP) - CORRECT ANSWER✅✅✅Suite of integrated software modules
and a
common central database.
Integrate data from key business processes into
single system.
Supply Chain Management (SCM) - CORRECT ANSWER✅✅✅Network of organizations, technologies,
and
assets used to provide products or services from
supplier to customer
Procuring raw materials
Transforming them into products
Distributing the products
Get the right product to the right place at the
right time at the right price
Seven Components of Supply Chain
Management - CORRECT ANSWER✅✅✅1. Procurement
2. In-Bound Logistics
3. Parts Inventory
4. Manufacturing
5. Finished Goods Inventory
6. Fulfillment (Customer's order to Delivery)
7. Out-Bound Logistics
Supply Chain Management Challenges - CORRECT ANSWER✅✅✅Inefficiencies cut into a company's
operating
costs
, Internal supply chain - CORRECT ANSWER✅✅✅design-procure-make-deliver-sell
Supply Chain Management Software - CORRECT ANSWER✅✅✅Manage relationships with suppliers,
purchasing
firms, distributors, and logistics companies.
Manage shared information about orders,
production, inventory levels, and so on.
Goal is to move correct amount of product from source to
point of consumption as quickly as possible and at lowest cost
Supply Chain Planning System - CORRECT ANSWER✅✅✅Model existing supply chain.
Demand planning.
Optimize sourcing, manufacturing plans.
Establish inventory levels.
Identify transportation modes.
Supply chain execution systems - CORRECT ANSWER✅✅✅Manage flow of products through
distribution centers and
warehouses
The Customer Life Cycle - CORRECT ANSWER✅✅✅an approach that builds long-term value ensures
that each part of the organization understands its roles in serving the customer
Customer Acquisition - CORRECT ANSWER✅✅✅Who are your profitable customers?
What are their needs?
How do you attract them?
Customer Development - CORRECT ANSWER✅✅✅What does the customer want?
Enterprise Resource System (ERP) - CORRECT ANSWER✅✅✅Suite of integrated software modules
and a
common central database.
Integrate data from key business processes into
single system.
Supply Chain Management (SCM) - CORRECT ANSWER✅✅✅Network of organizations, technologies,
and
assets used to provide products or services from
supplier to customer
Procuring raw materials
Transforming them into products
Distributing the products
Get the right product to the right place at the
right time at the right price
Seven Components of Supply Chain
Management - CORRECT ANSWER✅✅✅1. Procurement
2. In-Bound Logistics
3. Parts Inventory
4. Manufacturing
5. Finished Goods Inventory
6. Fulfillment (Customer's order to Delivery)
7. Out-Bound Logistics
Supply Chain Management Challenges - CORRECT ANSWER✅✅✅Inefficiencies cut into a company's
operating
costs
, Internal supply chain - CORRECT ANSWER✅✅✅design-procure-make-deliver-sell
Supply Chain Management Software - CORRECT ANSWER✅✅✅Manage relationships with suppliers,
purchasing
firms, distributors, and logistics companies.
Manage shared information about orders,
production, inventory levels, and so on.
Goal is to move correct amount of product from source to
point of consumption as quickly as possible and at lowest cost
Supply Chain Planning System - CORRECT ANSWER✅✅✅Model existing supply chain.
Demand planning.
Optimize sourcing, manufacturing plans.
Establish inventory levels.
Identify transportation modes.
Supply chain execution systems - CORRECT ANSWER✅✅✅Manage flow of products through
distribution centers and
warehouses
The Customer Life Cycle - CORRECT ANSWER✅✅✅an approach that builds long-term value ensures
that each part of the organization understands its roles in serving the customer
Customer Acquisition - CORRECT ANSWER✅✅✅Who are your profitable customers?
What are their needs?
How do you attract them?
Customer Development - CORRECT ANSWER✅✅✅What does the customer want?
