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Exam (elaborations)

SCM 300 DAVILA ASU EXAM PREP QUESTIONS AND ANSWERS FULL SOLUTION REVIEW

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SCM 300 DAVILA ASU EXAM PREP QUESTIONS AND ANSWERS FULL SOLUTION REVIEW

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SCM 300 DAVILA ASU EXAM PREP
QUESTIONS AND ANSWERS FULL
SOLUTION REVIEW

●● Productivity vs. Value (M1)
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)
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)
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)

, 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)
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)
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)

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