ASU SCM 300 FINAL EXAM DAVILA-
GRADED A
Competitive Priorities (M1) - correct Answer-cost, quality, speed, flexibility
Productivity vs. Value (M1) - correct Answer-WHAT DID I BUY / WHAT DID IT COST
ME
-ration of outputs to inputs --> maximize amount of outputs that can be produced and
delivered while minimizing inputs // ratio of outputs purchased divided by inputs used to
purchase
What is SCM (M1) - correct Answer-effective and efficient integration of the suppliers,
manufacturers, transportation organizations as well as the other parties responsible for
collectively bringing products and services to market
Operations Management (M1) - correct Answer-making business processes effective
and efficient; create high quality products/services using the fewest resources as
possible; DO IT THE EASIEST WAY POSSIBLE; improve how things are done
Logistics (M1) - correct Answer-responsible for developing the transportation itinerary
and finding the appropriate transportation and storage partners to successfully navigate
the flow of materials from point of origin to final destination point
Procurement (M1) - correct Answer-the brand responsible for acquiring materials,
equipment, products, and services; developing relationships and negotiating
Upstream vs. Downstream vs. Reverse Logistics 1st Tier / Reverse Logistics 2nd Tier
(M1) - correct Answer-Upstream: direction that points to suppliers; manager would try
and get empty boxes at the retailer back to distributor to reuse
Downstream: supply chain direction that points towards the customer -- that's the goal is
getting to customer
1st: company's direct supplier
2nd: the suppliers to 1st tier - having week S2 can create problems for whole system
Safety Stock (M2) - correct Answer-buffer inventory kept for variation and uncertainty in
demand / to intended to be used (ex: car insurance)
, Pipeline Inventory (M2) - correct Answer-inventory in transit between two points / on it's
way inventory, orders placed but not paid for or received by customer
Vertical Integration (M2) - correct Answer-company taking on additional supply chain
responsibilities that were formally done by outside parties
Benefits of High and Low Inventory Levels/Purchases (M2) - correct Answer-more
inventory to have on hand in case someone runs out but also cost of holding and having
somewhere to put and more chance of breaking or getting ruined
What is the EOQ? (M2) - correct Answer-ECONOMIC ORDER QUANTITY; lot size (Q)
that will minimize total annual inventory cost (TC); optimal lot size
EOQ's relationship to Holding/Ordering costs (M2) - correct Answer-determines how low
or high the Total Cost (TC) will be which determines how much to order which affects
holding costs
What does it mean if AHC > AOC (M2) - correct Answer-holding cots are too high and to
the right of EOQ and should decrease lot size to reduce TC
What does it mean if AOC > AHC (M2) - correct Answer-holding costs are too low and
to the left of EOQ and increase lot size to reduce TC
What should be considered in choosing a supplier? (M2) - correct Answer--supplier
scorecard and certification
-story on man being honest and when economy tanked people turned to him because
they trusted him
-don't just go for cheap supplier because probably losing something to gain that cheap
price
-look at core competencies
*Long-term: want to make products better and improve them so make sure supplier is
committed to being better as well
*Know 2nd and 3rd suppliers
*Dealing with intellectual control and not taking ideas to competitors
Line Flow (M3) - correct Answer--PRODUCT FOCUSED
-producing end items with high demand
-S, U, straight lines shapes
-assembly line: can stopped at any time without compromising the flow (cars, trucks,
digital services)
-continuous flow: must finish their cycle and cannot be stopped in-between (ex: bread)
Flexible Flow (M3) - correct Answer--PROCESS FOCUSED
-low demand and high customizations (ex: painting work center and having different
kinds of paint and customized furniture
GRADED A
Competitive Priorities (M1) - correct Answer-cost, quality, speed, flexibility
Productivity vs. Value (M1) - correct Answer-WHAT DID I BUY / WHAT DID IT COST
ME
-ration of outputs to inputs --> maximize amount of outputs that can be produced and
delivered while minimizing inputs // ratio of outputs purchased divided by inputs used to
purchase
What is SCM (M1) - correct Answer-effective and efficient integration of the suppliers,
manufacturers, transportation organizations as well as the other parties responsible for
collectively bringing products and services to market
Operations Management (M1) - correct Answer-making business processes effective
and efficient; create high quality products/services using the fewest resources as
possible; DO IT THE EASIEST WAY POSSIBLE; improve how things are done
Logistics (M1) - correct Answer-responsible for developing the transportation itinerary
and finding the appropriate transportation and storage partners to successfully navigate
the flow of materials from point of origin to final destination point
Procurement (M1) - correct Answer-the brand responsible for acquiring materials,
equipment, products, and services; developing relationships and negotiating
Upstream vs. Downstream vs. Reverse Logistics 1st Tier / Reverse Logistics 2nd Tier
(M1) - correct Answer-Upstream: direction that points to suppliers; manager would try
and get empty boxes at the retailer back to distributor to reuse
Downstream: supply chain direction that points towards the customer -- that's the goal is
getting to customer
1st: company's direct supplier
2nd: the suppliers to 1st tier - having week S2 can create problems for whole system
Safety Stock (M2) - correct Answer-buffer inventory kept for variation and uncertainty in
demand / to intended to be used (ex: car insurance)
, Pipeline Inventory (M2) - correct Answer-inventory in transit between two points / on it's
way inventory, orders placed but not paid for or received by customer
Vertical Integration (M2) - correct Answer-company taking on additional supply chain
responsibilities that were formally done by outside parties
Benefits of High and Low Inventory Levels/Purchases (M2) - correct Answer-more
inventory to have on hand in case someone runs out but also cost of holding and having
somewhere to put and more chance of breaking or getting ruined
What is the EOQ? (M2) - correct Answer-ECONOMIC ORDER QUANTITY; lot size (Q)
that will minimize total annual inventory cost (TC); optimal lot size
EOQ's relationship to Holding/Ordering costs (M2) - correct Answer-determines how low
or high the Total Cost (TC) will be which determines how much to order which affects
holding costs
What does it mean if AHC > AOC (M2) - correct Answer-holding cots are too high and to
the right of EOQ and should decrease lot size to reduce TC
What does it mean if AOC > AHC (M2) - correct Answer-holding costs are too low and
to the left of EOQ and increase lot size to reduce TC
What should be considered in choosing a supplier? (M2) - correct Answer--supplier
scorecard and certification
-story on man being honest and when economy tanked people turned to him because
they trusted him
-don't just go for cheap supplier because probably losing something to gain that cheap
price
-look at core competencies
*Long-term: want to make products better and improve them so make sure supplier is
committed to being better as well
*Know 2nd and 3rd suppliers
*Dealing with intellectual control and not taking ideas to competitors
Line Flow (M3) - correct Answer--PRODUCT FOCUSED
-producing end items with high demand
-S, U, straight lines shapes
-assembly line: can stopped at any time without compromising the flow (cars, trucks,
digital services)
-continuous flow: must finish their cycle and cannot be stopped in-between (ex: bread)
Flexible Flow (M3) - correct Answer--PROCESS FOCUSED
-low demand and high customizations (ex: painting work center and having different
kinds of paint and customized furniture
