SCM-Supply Chain Management UPDATED ACTUAL Questions and CORRECT Answers

SCM-Supply Chain Management UPDATED ACTUAL Questions and
CORRECT Answers

The synchronization of a firm's processes with those of
Supply Chain Management its suppliers and customers to match flow of materials,
services and information with customer demand
Supply chain partners support the delivery of the... Customer Benefit Bundle
Each firm in a supply chain has its own... Supply chain
For jeans a tier 1 supplier would be The textile company you purchase your denim from
The company that provides cotton inputs to Textile Com-
For jeans a tier 2 supplier would be
pany that are transformed to denim
Unplanned and unanticipated event that disrupts the nor-
Supply Chain Disruption
mal flow of goods and materials within a supply chain.
-Focused on minimizing inventory
Common Designs-Eflcient -Suitable for predictable demand, limited product variety
-Helpful for organizations competing on cost, consistency
-Focused on minimizing
-Suitable for high variety, low demand predictability
-Inventory stored across the supply chain to help meet
Common Designs-Responsive
variable demand
-Helpful for organizations competing on customization,
high quality design
Companies that manufacture for nike are Downstream from nike
-Suppliers have limited excess capacity, utilization maxi-
mized to reduce costs
-Focal orgs. need to work with suppliers to reduce lead
Supplier Perspective- Eflcient
time without increasing costs
-Supplier selection based on consistency, low prices,
on-time delivery

-Suppliers generally have flexible operations

, -Inventory of expensive finished goods should be
mini-




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