SCM 300 DAVILA ASU SCM 300 Arizona State University - Question and answers already passed

SCM 300 DAVILA ASU SCM 300 Arizona State University - Question and answers already passed Recap of Supply Chain basics - correct answer - Focus on People - Good supply chain decisions positively impact customers, employees, and investors. • Competitive Priorities - Good supply chains deliver the right mix of cost, quality, speed, and flexibility to their target market. • Measuring success - The best supply chains are effective, efficient, and adaptable. Effective - Creating and delivering great products and services customers want. Efficient - Using minimal resources and eliminating waste. Adaptable - Ready for change, constantly evolving. • Maximize Value - Provide customers the best possible product and service bundle at the lowest possible cost and in the most convenient way possible. • Productivity - Maximize a company's high quality output using the fewest resources possible. Eight supply chain processes - correct answer 1. Product development and commercialization: What does the customer want? When? Can we organize the right suppliers, manufacturers, distributors, and retail organizations to get the job done right? 2. Supplier Relationship Management: Finding suppliers. Developing relationships. Managing present and future purchases from the suppliers. Working together to improve quality. 3. Manufacturing Flow Management: Making the right items to meet customer expectations. Doing this using the least amount of resources possible. 4. Demand Management: Utilize forecasting to understand likely demand. Once a forecast is available