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GMS 401 CHP9 Supply Chain Management Exam Study Guide with Complete Solutions

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GMS 401 CHP9 Supply Chain Management Exam Study Guide with Complete Solutions

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©SOPHIABENNET@2024/2025 Wednesday, August 21, 2024 12:13 PM


TORONTO METROPOLITAN UNIVERSITY
GMS 401 CHP9 Supply Chain Management Exam
Study Guide with Complete Solutions



Supply Chain Management (SCM) - Answer✔️✔️-Management of
activities that procure materials and services, transform them into
immediate goods and final products, and deliver them through a
distribution system

make or buy decision - Answer✔️✔️-a choice between producing a
component or service in house or purchasing it from an outside
source

Outsourcing - Answer✔️✔️-Transferring a firms activities that have
traditionally been internal to external suppliers

Vertical Integration - Answer✔️✔️-Developing the ability to produce
goods or services previously purchased or actually buying a
supplier or a distributor

kieretsu - Answer✔️✔️-A Japanese term that describes suppliers who
become part of a company coalition

Virtual companies - Answer✔️✔️-Companies that rely on a variety of
supplier relationships to provide services on demand

Also known as hollow corporations or network companies




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