SCM 300 Exam 1 with 100% Correct
Answers
Supply chain management - The efficient intergration of...
-supppliers/manufactures
-transporters, distributers, warehouses
-retailers/delivery costs
primary goals of corporation - maximize return, sustain profit.
1. make money
2. be efficient
3. Be different
*competitive priorities - 1. Cost
2. Quality
3. Time
4. Flexibility
1. Cost - Material costs, Production costs, packaging,storage quality, serivce,
organzational costs,
2. Quality - Design quality, Material and production quality, quality level delivered,
consistent quality, service quality.
3. Time - Delivery time, On time delivery, staying on schedule
4. Flexibility - product customization flexibility, volume flexibility, mass customization,
design flexibilty, facility felixibilty, employee flexibility.
procurement (purchasing) - department responsible for purchasing materials,
equipment.
operations - branch responsible for making processes effective and efficient
logistics - branch responsible for developing transportation itinerary and finding the right
storage partner
reverse logistics - management of products that flow backwards. ex deffective returns
global supply management - when supply chains span across multiple countries
, 1st tier suppliers - companies direct suppliers
2nd tier suppliers - a firm that provides goods to a companies first tier supplier
down stream supply chain - in a supply, the direction the points toward the consumer
upstream supply chain - direction that points upward in a supply chain
three SCM flows - -materials
-money
-Information
business model - companies plan for purchasing, transportation, delivery and profit.
supply chain visibility - the ability to see whats happening upstream and downstream in
a supply chain
profit - revenue- costs
ROI - total profit- total investment
core competencies - primary advantage company holds over the competition
backwards integration - taking over supply chain responsibilites formerly performed by
upstream supply partners
steps in the purchasing process - 1. requisition
2. supplier selection
3. place order
4. track order
5. recieve order
materials requisition MR - document used to initiate purchasing process
request for quotation RFQ - detailed quote that may include more than just per unit price
Purchase order PO - contract that states the terms and condition of the order.
e procurement system - electronic system that can aid in submitting request for
materials, data etc
centralized purchasing - all corporate employees send materials requisitions to a single
purchasing department
advantages of decentralized purchasing - -avoid duplication
Answers
Supply chain management - The efficient intergration of...
-supppliers/manufactures
-transporters, distributers, warehouses
-retailers/delivery costs
primary goals of corporation - maximize return, sustain profit.
1. make money
2. be efficient
3. Be different
*competitive priorities - 1. Cost
2. Quality
3. Time
4. Flexibility
1. Cost - Material costs, Production costs, packaging,storage quality, serivce,
organzational costs,
2. Quality - Design quality, Material and production quality, quality level delivered,
consistent quality, service quality.
3. Time - Delivery time, On time delivery, staying on schedule
4. Flexibility - product customization flexibility, volume flexibility, mass customization,
design flexibilty, facility felixibilty, employee flexibility.
procurement (purchasing) - department responsible for purchasing materials,
equipment.
operations - branch responsible for making processes effective and efficient
logistics - branch responsible for developing transportation itinerary and finding the right
storage partner
reverse logistics - management of products that flow backwards. ex deffective returns
global supply management - when supply chains span across multiple countries
, 1st tier suppliers - companies direct suppliers
2nd tier suppliers - a firm that provides goods to a companies first tier supplier
down stream supply chain - in a supply, the direction the points toward the consumer
upstream supply chain - direction that points upward in a supply chain
three SCM flows - -materials
-money
-Information
business model - companies plan for purchasing, transportation, delivery and profit.
supply chain visibility - the ability to see whats happening upstream and downstream in
a supply chain
profit - revenue- costs
ROI - total profit- total investment
core competencies - primary advantage company holds over the competition
backwards integration - taking over supply chain responsibilites formerly performed by
upstream supply partners
steps in the purchasing process - 1. requisition
2. supplier selection
3. place order
4. track order
5. recieve order
materials requisition MR - document used to initiate purchasing process
request for quotation RFQ - detailed quote that may include more than just per unit price
Purchase order PO - contract that states the terms and condition of the order.
e procurement system - electronic system that can aid in submitting request for
materials, data etc
centralized purchasing - all corporate employees send materials requisitions to a single
purchasing department
advantages of decentralized purchasing - -avoid duplication
