SCMN 2150 Study guides, Class notes & Summaries

SCMN 2150 FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lowe...

SCMN 2150 Test 1 what is scm The "art" of managing the flow of materials and products, information, and financial resources from source to user.

SCMN 2150 quizzeWho is the most important participant in the supply chain? the consumer How many primary groups are in the SC? 5s

Who is the most important participant in the supply chain? - Answer-the consumer How many primary groups are in the SC? - Answer-5 What consulting company was your professor formally an executive? - Answer-Accenture In reality, what does a SC look like? - Answer-A spiderweb SCM help companies outpace the competition by managing their materials, product, and information flows in order to be: - Answer-better, faster, cheaper If an organization can get its supply chain well synchroni...

what are the key supply chain data requirements - Answer-1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning - Answer-solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provide planning, what-if scenario analysis capabilities...

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pul...

SCMN 2150 TEST 1 AUBURN

Procurement The purchase of merchandise or services at the optimal total cost, the correct quantity, the correct time, and the correct quality. The tactical aspect of the buy process. The goal is to get exactly what they want when they need it. Day to day purchasing function. Strategic Sourcing An institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Focus on continuous improvement of procurement Strategic focuses on continuous ...

supply management - Answer-The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company procurement - Answer-the purchase of merchandise or services at the optimum possible total cost in the correct amount and qual...

What are 5 technologies that can be used to create a competitive advantage? - Answer-1) internet of things (IoT) 2) blockchain 3) AI 4) robotics/automations 5) 3d printing What are the 3 biggest roadblocks to making a company a digital business? - Answer-1) company culture 2) legacy technologies/applications 3) access or usability of data What is the overarching goal of supply chain information technology in supply chain management - Answer-plan, execute, and control SCM in real time...

What is procurement? - Answer-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - Answer-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsourcing? - Answer-obtain (goods or a service) from an outside or foreign...