Operations Management Exam 3 (Ch 12,14) QUESTIONS AND 100% CORRECT ANSWERS 2024

supply chain management - correct answer flow of materials from suppliers to customers to maximize the use of the firm's resources and to provide the required level of customer service - correct answer objectives of supply chain management materials management cycle - correct answer acquisition-storage-conversion-storage-distribution suppliers, purchasing, production control, distribution, customers - correct answer What are the 5 parts of Phase 1 of the Integrated Supply-Chain independent supply chain entities - correct answer What is Phase 1 of the integrated supply-chain called? internal integration - correct answer What is Phase 2 of the integrated supply-chain called? suppliers, internal supply chain, customers - correct answer What are the 3 parts of ERP Systems? central role in production impact on profitability increasing global competition decreasing lead times - correct answer Importance of SC Management vertical integration - correct answer amount of the supply chain that a company owns