SCM 300 Exam 1 Actual Questions And Answers
Business Strategy
Choosing what or what NOT to do
Business Strategy is about
Making choices based upon the best available information at that time
for the future
Business Strategy answers
"what" "why" and "why not " or a decision (personal or business)
Supply Chain Strategy
Blueprint of choices made to deliver what was promised in the business
strategy
Supply Chain Management
Management of the bi-directional movement of material, money, people,
services, and info across supply chain
- Delivers what is promised to the customer
1|Page
,The council of supply chain management professionals (CSCMP)
Planning nad mangement of all activities involced in sourcing and
prodcurement, conversion and all logisitcs management activities
Institude of Supply management (ISM)
design and management of seamless, value-added process across
organizational boundaries to meet the real need of the end customer
Operations Management
Subset of SCM and responsible for all supply chain acitvites within the
four walls if the companies
- Deliver what is promised
Supply chain strategy gets direction from
Business Strategy
Supply chain is NOT
just trucking and warehousing
- Everything we do is apart of supply chain
1905
Supply cahin was first used by "The independent newspaperr"
2|Page
,1913
Assembly line with FORD
1925
Pallet is created by Howard Hallowell
1952
Barcode invented
1956
Malcom Mclean created cargo container
Supply Chain goes like
Buy It
Purchasing
- Supply chain mangement
Move it
Logistics and transportation
3|Page
, - Supply chain management
Store it
Inventory and ware house )manufacturing
- Supply chain management and operations
Make it
Manufacturing
-Supply chain management and operations
Store It
Inventory and ware house (manufacturing)
-Supply chain management and operations
Sell It
Plannings and forecasting
- Supply chain managment and operations
Service it
Warranty and field service
-Supply chain mangement and operations
4|Page
Business Strategy
Choosing what or what NOT to do
Business Strategy is about
Making choices based upon the best available information at that time
for the future
Business Strategy answers
"what" "why" and "why not " or a decision (personal or business)
Supply Chain Strategy
Blueprint of choices made to deliver what was promised in the business
strategy
Supply Chain Management
Management of the bi-directional movement of material, money, people,
services, and info across supply chain
- Delivers what is promised to the customer
1|Page
,The council of supply chain management professionals (CSCMP)
Planning nad mangement of all activities involced in sourcing and
prodcurement, conversion and all logisitcs management activities
Institude of Supply management (ISM)
design and management of seamless, value-added process across
organizational boundaries to meet the real need of the end customer
Operations Management
Subset of SCM and responsible for all supply chain acitvites within the
four walls if the companies
- Deliver what is promised
Supply chain strategy gets direction from
Business Strategy
Supply chain is NOT
just trucking and warehousing
- Everything we do is apart of supply chain
1905
Supply cahin was first used by "The independent newspaperr"
2|Page
,1913
Assembly line with FORD
1925
Pallet is created by Howard Hallowell
1952
Barcode invented
1956
Malcom Mclean created cargo container
Supply Chain goes like
Buy It
Purchasing
- Supply chain mangement
Move it
Logistics and transportation
3|Page
, - Supply chain management
Store it
Inventory and ware house )manufacturing
- Supply chain management and operations
Make it
Manufacturing
-Supply chain management and operations
Store It
Inventory and ware house (manufacturing)
-Supply chain management and operations
Sell It
Plannings and forecasting
- Supply chain managment and operations
Service it
Warranty and field service
-Supply chain mangement and operations
4|Page
