SUPPLY CHAIN MANAGEMENT ISM EXAM 3 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS|100% GUARANTEED TO PASS CONCEPTS|ALREADY GRADED A+

Supply Chain Management ISM Exam


SUPPLY CHAIN MANAGEMENT ISM EXAM 3
WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS|100% GUARANTEED TO
PASS CONCEPTS|ALREADY GRADED A+
Supply Chain Correct Answer: consists of all parties involved, directly or indirectly, in the
procurement of a product or raw material

Supply Chain Management (SCM) Correct Answer: involves the management of information
flows between and among stages in a supply chain to maximize total supply chain effectiveness
and profitability

Operations Management Correct Answer: Forecasting, Capacity Planning, Scheduling,
Maintaining inventory, assuring quality, and motivating and training

Factors that add Value by OM decisions Correct Answer: Cost, Quality, Delivery, Flexiility, and
Service

Three Main Links of Supply Chain Correct Answer: 1. Materials flow
2. Transformation of materials into products
3. Distribution

"Classic" Supply Chain Correct Answer: Suppliers => Manufacturer =>
Wholesalers/Distributors => Retailers => Customers

Five Basic Supply Chain Management Components Correct Answer: 1. Plan 2. Source 3. Make 4.
Deliver 5. Return

Plan Correct Answer: strategic portion of supply chain management

Source Correct Answer: companies carefully choose reliable suppliers that will deliver goods
and services required for making products

Make Correct Answer: step where companies manufacture their products

Deliver (Logistics) Correct Answer: set of proceses that plans for and controls the efficient and
effective transportation and storage of suppliers to customers

Return Correct Answer: comapnies must create a network for receiving defective and excess
products and support customers who have problems with delivered products

Supply Chain Visibility Correct Answer: ability to view all areas up and down the supply chain

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