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Exam (elaborations)

BUS 370 Test 1 – Key Topics & Study Tips (NCSU Favre)

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Prepare for success in NCSU BUS 370 Test 1 with this comprehensive study guide designed for Professor Favre’s class. Inside, you’ll find clear explanations of key concepts, exam-focused summaries, and practice questions to help you master the material. Whether you’re reviewing lecture notes or starting fresh, this BUS 370 exam review is tailored to boost your confidence and improve your performance. Perfect for NCSU business students looking for an organized, easy-to-follow resource that covers everything you need for Test 1.

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BUS 370 Test 1 – Key Topics & Study Tips (NCSU
Favre).




is the collection of people, technology and systems within an
1. Operations
Func- tion organization that has primarily responsibility for providing the products
or services

2. Supply Chain a network of manufacturers and service providers that move raw
materials through to the end user

3. Operations should be thought about as a transformation process that takes inputs
man- agement
and trans- fers them into outputs
&
is the planning, scheduling and control of the activities that transform
inputs into finished goods and services

4. First-tier supplier its supplies materials directly to the firm
5. Second-tier sup- Op- erations Refer- ence (SCOR) Mod- el
plier
8. Relationship Management
6. Supply
chain 9. Structural Ele- ments
managemen
t

7. Supply Chain
1/
6

, BUS 370 Test 1 – Key Topics & Study Tips (NCSU
Favre).
it provides goods to the is a framework developed by the supply chain council that seeks to
first-tier supplier provide stan- dards for supply chain management


is the ACTIVE management
of the supply chain this is the most diflcult aspect of supply chain; must have a good
activities and relationships relationship with upstream and downstream suppliers
in order to maintain a
competitive advantage are the tangible resources, such as buildings, equipment and
computer systems

10. Infrastructural El- are the people, policies, decision rules and organizational structure ex:
personel
ements




2/
6

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