SCM 300 ACTUAL TEST QUESTIONS WITH
VERIFIED ANSWERS COMPLETE EXAM
REVIEW
●● procurement
Answer: · Branch responsible for obtaining materials, equipment,
products, and services with organizational regulations.
· Consists of finding suppliers, choosing the supplier that offers the best
value, negotiating terms of the purchase, placing orders, and developing
long-term relationships with suppliers
●● logistics
Answer: · Branch responsible for developing the transportation itinerary
and finding the appropriate transportation and storage partners to
successfully navigate the flow of materials from the point of origin to
the final destination
· Logistics managers find trucking companies, package the item, find
distributors, organize documentation, rent standardized containers
●● operations
Answer: · Branch responsible for making business processes effective
and efficient. In essence, operations seek to help the organization create
high quality products and/or services using the fewest resources
possible.
,●● operations-what they do
Answer: Oversee design, operations, and improvement of production
· Companies want to make these items quickly, with as few workers and
machines as possible, using the least amount of energy, cheapest real
estate, and right before the customer needs them.
●● reverse logistics
Answer: · Flow backward in the supply chain, away from the consumer
and back in the direction of manufacturers (upstream)
· Important segment of the logistics branch. Reminder of how important
it is to be accurate.
●● Global Supply Chain
Answer: · When suppliers, manufacturers, transportation companies,
warehouse and distribution centers, retailers, and other supply chain
partners span across multiple countries and/or continents, those are
considered global supply chains.
●● advantages of global SCM
Answer: proximity, labor costs, etc.
●● challenges of global SCM
Answer: distance, culture, laws, time zones, etc.
,●● 1st Tier Supplier
Answer: · A company's direct suppliers
· A firm that directly provides goods and/or services to a company (left)
●● 2nd tier suppliers
Answer: · Firm that provides goods and/or services to a company's first-
tier supplier (right)
· Weak 2nd tier suppliers creates problems for 1st tier supplier
●● downstream supply chain
Answer: · Direction that points toward the end consumer (right)
●● Downstream activities
Answer: include: delivering goods from a manufacturer to a distributer,
suppliers working to get parts prepared in time for manufacturers,
distributors developing relationships with retailers so they can better
understand the retailer's supply chain needs
●● Upstream Supply Chain
Answer: · Direction that points toward the suppliers (left)
, ●● Executives that works in upstream supply chain management might
be responsible for
Answer: : ensuring that empty boxes at the retail level are returned to the
distributor for reuse, developing relationships with a company's 1st tier
suppliers in order to better communicate the needs of the present and the
future
●● In order for supply chains to function and develop, three things must
continuously flow
Answer: o Materials
o Money
o Information
§ If materials stop flowing, nothing will be made
§ If money stops flowing, companies can't buy things
§ If info stops flowing, poor decisions will be made
●● business model
Answer: · Companies plan or purchasing items, transforming them,
delivering them, and selling them for profit
· EX: Amazon VS. Bookstore (Same company, different business
model...2 obvious differences are purchase and delivery)
· Things to think about are....
o Do we sell to companies or individuals?
o Online, in store, or both?
VERIFIED ANSWERS COMPLETE EXAM
REVIEW
●● procurement
Answer: · Branch responsible for obtaining materials, equipment,
products, and services with organizational regulations.
· Consists of finding suppliers, choosing the supplier that offers the best
value, negotiating terms of the purchase, placing orders, and developing
long-term relationships with suppliers
●● logistics
Answer: · Branch responsible for developing the transportation itinerary
and finding the appropriate transportation and storage partners to
successfully navigate the flow of materials from the point of origin to
the final destination
· Logistics managers find trucking companies, package the item, find
distributors, organize documentation, rent standardized containers
●● operations
Answer: · Branch responsible for making business processes effective
and efficient. In essence, operations seek to help the organization create
high quality products and/or services using the fewest resources
possible.
,●● operations-what they do
Answer: Oversee design, operations, and improvement of production
· Companies want to make these items quickly, with as few workers and
machines as possible, using the least amount of energy, cheapest real
estate, and right before the customer needs them.
●● reverse logistics
Answer: · Flow backward in the supply chain, away from the consumer
and back in the direction of manufacturers (upstream)
· Important segment of the logistics branch. Reminder of how important
it is to be accurate.
●● Global Supply Chain
Answer: · When suppliers, manufacturers, transportation companies,
warehouse and distribution centers, retailers, and other supply chain
partners span across multiple countries and/or continents, those are
considered global supply chains.
●● advantages of global SCM
Answer: proximity, labor costs, etc.
●● challenges of global SCM
Answer: distance, culture, laws, time zones, etc.
,●● 1st Tier Supplier
Answer: · A company's direct suppliers
· A firm that directly provides goods and/or services to a company (left)
●● 2nd tier suppliers
Answer: · Firm that provides goods and/or services to a company's first-
tier supplier (right)
· Weak 2nd tier suppliers creates problems for 1st tier supplier
●● downstream supply chain
Answer: · Direction that points toward the end consumer (right)
●● Downstream activities
Answer: include: delivering goods from a manufacturer to a distributer,
suppliers working to get parts prepared in time for manufacturers,
distributors developing relationships with retailers so they can better
understand the retailer's supply chain needs
●● Upstream Supply Chain
Answer: · Direction that points toward the suppliers (left)
, ●● Executives that works in upstream supply chain management might
be responsible for
Answer: : ensuring that empty boxes at the retail level are returned to the
distributor for reuse, developing relationships with a company's 1st tier
suppliers in order to better communicate the needs of the present and the
future
●● In order for supply chains to function and develop, three things must
continuously flow
Answer: o Materials
o Money
o Information
§ If materials stop flowing, nothing will be made
§ If money stops flowing, companies can't buy things
§ If info stops flowing, poor decisions will be made
●● business model
Answer: · Companies plan or purchasing items, transforming them,
delivering them, and selling them for profit
· EX: Amazon VS. Bookstore (Same company, different business
model...2 obvious differences are purchase and delivery)
· Things to think about are....
o Do we sell to companies or individuals?
o Online, in store, or both?
