SCMN 2150 (Test 1) questions and answers well verified.

SCMN 2150 (Test 1) questions and answers well verified. Supply chain management - correct art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain - correct answers.- Suppliers - Manufacturers - Distributors - Retailers - Consumers (most important) What are the goals of supply chain management - correct answers.SCM helps companies outpace the competition by managing their materials, product, and information flows (better, faster, cheaper) How can companies develop a competitive advantage using supply chain management - correct answers.Develop relationships, improve customer satisfaction, rationalize product touch points, drive out costs and achieve efficiencies Links - correct answers.The transportation method used to connect the nodes in a supply chain Nodes - correct answers.(plants, warehouses, stores) a fixed point in a supply chain where valued added processes take place. Goods are processed, transformed, mixed, held, or sold at nodes Centralized network - correct answers.One factory that distributes nationally Decentralized network - correct answers.Many smaller factories all over the country Direct delivery - correct answers.Package is delivered directly from the warehouse to your house Cross-dock - correct answers.Is made in a factory and put in a grocery store for quick purchase and consumption Distribution center - correct answers.Warehouse makes the product and stores it in a distribution center until it is purchased Steps in a network configuration process - correct answers.1. Determine problem and model 2. Collect and validate data 3. Develop and model scenarios 4. Evaluate scenario results 5. Take strategic action 3 types of supply chain planning - correct answers.- Short range plans (operation managers and supervisors) - Intermediate range plans (operations managers) - Long range plans (top executives) Short range plans (operation managers and supervisors) - correct answers.Job assignments- ordering, job scheduling, dispatching Intermediate range plans (operations managers) - correct answers.Job assignments- Demand planning and forcasting, sales and operations planning, setting employment, inventory Long range plans (top executives) - correct answers.Job assignments- R&D, new product plans, capital expenses, facility location, expansion Capacity - correct rate at which output can be produced by an operating unit machine or facility Capacity planning - correct ss of establishing the output rate that can be achieved Design capacity - correct um output rate or service capacity an operation or facility is designed for Effective capacity - correct al or reasonable expectation of capacity use (design capacity minus typical allowances such as personal time, maintenance, and scrap)