SCM 300 Exam 1 Modules 1-4 (Davila) With complete
solu on Newest RATED A+ NEW EDITION 100%
VERIFIED CORRECT
Supply Chain Management - Ans the management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it - Ans SCM Flows/Strategy
1. cost
2. quality
3. speed/%me
4. flexibility - Ans Compe%%ve Priori%es
value (what i get/price) - Ans customers perspec%ve
produc%vity (what i make/cost) - Ans organiza%on perspec%ve
1. Procurement
2. Opera%ons
3. Logis%cs - Ans SCM Key Components
Procurement (buy it) - Ans process of obtaining services, supplies, and equipment in
conformance with corporate regula%ons
Opera%ons (make it) - Ans makes business processes effec%ve and efficient. They help the
organiza%on create high quality products/ services using the fewest resources
, Logis%cs (move it) - Ans developing the transporta%on i%nerary and finding reliable
transporta%on and storage partners, to be able to navigate the flow of materials to the final
des%na%on
purchasing -> produc%on -> distribu%on -> retail sales - Ans The Supply Chain
The efficient integra%on of the Supply Chain - Ans SCM Def
sa%sfy the customer, sa%sfy the company, consider the future - Ans Successful SC Manager
sustainable long term profits and maimize ROI - Ans Corpora%on Goals
Reverse Logis%cs - Ans reuse of produc%on and materials
1st Tier Suppliers - Ans a company's direct supplier. A firm that directly provides goods and/ or
services to a company
2nd Tier Suppliers - Ans a firm provides goods and/ or services to a company's first-%er
supplier
Downstream - Ans direc%on in which products flow towards an end consumer. Direc%on is the
right.
Storage and consolida%on/sor%ng
picking and packing, labeling
Upstream - Ans direc%on from customers to suppliers. Direc%on is the le;
, central return center AKA reverse logis%cs ac%vi%es
Business model - Ans planning to purchase, transform, deliver, and sell products with intent on
making a profit
Supply Chain Visibility - Ans ability to see what is happening with inventory up and down a
supply chain
Profit - Ans Formula: profit = revenue - cost. If supply chain creates a damaged product no one
will buy it for a premium price, that's why it's important for the supply chain to deliver the best
products
ROI - Ans Formula: total profit/ total invest money. Return on investment- an economic
measure that helps evaluate the return of money. Scenario 1: 10/1,000 = 0.01 Scenario 2: 10/1
= 10 (good investment).
total profit/ total invest money - Ans ROI Formula
profit= revenue - cost - Ans Profits Formula
Delivery %me - Ans from order placement to order fulfillment
1. defaults
2. overproduc%on
3. transporta%on (moving products may involve damage or the;)
4. mo%on (employees get %red thus get injured)
5. wai%ng (work in process finished to soon and is wai%ng to be finished)
6. inventory (not providing return)
solu on Newest RATED A+ NEW EDITION 100%
VERIFIED CORRECT
Supply Chain Management - Ans the management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it - Ans SCM Flows/Strategy
1. cost
2. quality
3. speed/%me
4. flexibility - Ans Compe%%ve Priori%es
value (what i get/price) - Ans customers perspec%ve
produc%vity (what i make/cost) - Ans organiza%on perspec%ve
1. Procurement
2. Opera%ons
3. Logis%cs - Ans SCM Key Components
Procurement (buy it) - Ans process of obtaining services, supplies, and equipment in
conformance with corporate regula%ons
Opera%ons (make it) - Ans makes business processes effec%ve and efficient. They help the
organiza%on create high quality products/ services using the fewest resources
, Logis%cs (move it) - Ans developing the transporta%on i%nerary and finding reliable
transporta%on and storage partners, to be able to navigate the flow of materials to the final
des%na%on
purchasing -> produc%on -> distribu%on -> retail sales - Ans The Supply Chain
The efficient integra%on of the Supply Chain - Ans SCM Def
sa%sfy the customer, sa%sfy the company, consider the future - Ans Successful SC Manager
sustainable long term profits and maimize ROI - Ans Corpora%on Goals
Reverse Logis%cs - Ans reuse of produc%on and materials
1st Tier Suppliers - Ans a company's direct supplier. A firm that directly provides goods and/ or
services to a company
2nd Tier Suppliers - Ans a firm provides goods and/ or services to a company's first-%er
supplier
Downstream - Ans direc%on in which products flow towards an end consumer. Direc%on is the
right.
Storage and consolida%on/sor%ng
picking and packing, labeling
Upstream - Ans direc%on from customers to suppliers. Direc%on is the le;
, central return center AKA reverse logis%cs ac%vi%es
Business model - Ans planning to purchase, transform, deliver, and sell products with intent on
making a profit
Supply Chain Visibility - Ans ability to see what is happening with inventory up and down a
supply chain
Profit - Ans Formula: profit = revenue - cost. If supply chain creates a damaged product no one
will buy it for a premium price, that's why it's important for the supply chain to deliver the best
products
ROI - Ans Formula: total profit/ total invest money. Return on investment- an economic
measure that helps evaluate the return of money. Scenario 1: 10/1,000 = 0.01 Scenario 2: 10/1
= 10 (good investment).
total profit/ total invest money - Ans ROI Formula
profit= revenue - cost - Ans Profits Formula
Delivery %me - Ans from order placement to order fulfillment
1. defaults
2. overproduc%on
3. transporta%on (moving products may involve damage or the;)
4. mo%on (employees get %red thus get injured)
5. wai%ng (work in process finished to soon and is wai%ng to be finished)
6. inventory (not providing return)
