SCM 300 Arizona State University Question and answers correctly solved

SCM 300 Arizona State University Question and answers correctly solved Supply chain management - correct answer extracting materials from the ground, selling them to raw material manufacturers, turn raw materials into materials that are usable by component manufacturers, then final manufacturers make and sell intermediate components, the final manufacturers assemble finished products and sell them to wholesalers or distributors, resell them to retailers who sell to end customers Thus, the series of companies that eventually make products and services available to consumers, including all of the functions enabling the production, delivery, and recycling of materials, components, end products, and services, is called a supply chain Primary goals of SCM - correct answer sustainable long term profits and maximize ROI Value - correct answer customer perspective-what do I get?/what is the price? Productivity - correct answer organizational perspective-outputs/inputs Shigeo Shingo's-7 Types of Waste - correct answer 1. Defects 2. Overproduction- production used to mask shortcomings 3. Transportation- no added value 4. Motion- movement of employees and machines 5. Waiting- wasted resources during waiting 6. Inventory (not providing a return)- excess inventory is not providing a return 7. Over processing- more work than required is done in creating a service/good Competitive Prior