Comprehensive SCM 300 Exam 1 study guide DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved

Comprehensive SCM 300 Exam 1 study guide DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved Supply Chain Management (SCM) - correct answer the effective and efficient integration of the suppliers, manufacturers, transportation organizations, and any other party responsible for collectively bringing products to market Procurement - correct answer This is known as the purchasing branch of a company. They're responsible for getting materials, equipment, products, and services for their company. They have to find suppliers, choose the one that gives the best value, negotiate purchase terms, place orders, and develop a long term relationship with supplier so that consistent quality can be expected from the supplier over a long period of time Operations - correct answer Branch of the supply chain responsible for making business processes effective and efficient. They seek to help the company create high quality products/services while using the fewest resources possible. They have to try to do things faster with as few workers and machines as possible and they need to have things done right before the customer needs them Logistics - correct answer branch responsible for finding the right transportation and storage partners to successfully navigate the flow of materials from the point of origin to the final destination Reverse Logistics - correct answer the management of products that flow backward in the supply chain, away from the consumer and back in the direction of manufacturers. (the management of materials moving upstream in the supply chain) Global SCM - correct answer Effective and efficient management of supply chain partners across multiple countries 1st-tier suppliers - c