SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
Supply chain management
extracting materials from the ground, selling them to raw material manufacturers, turn raw
materials into materials that are usable by component manufacturers, then final manufacturers
make and sell intermediate components, the final manufacturers assemble finished products and
sell them to wholesalers or distributors, resell them to retailers who sell to end customers
Thus, the series of companies that eventually make products and services available to consumers,
including all of the functions enabling the production, delivery, and recycling of materials,
components, end products, and services, is called a supply chain
Primary goals of SCM
sustainable long term profits and maximize ROI
Value
customer perspective-what do I get?/what is the price?
Productivity
organizational perspective-outputs/inputs
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
Shigeo Shingo's-7 Types of Waste
1. Defects
2. Overproduction- production used to mask shortcomings
3. Transportation- no added value
4. Motion- movement of employees and machines
5. Waiting- wasted resources during waiting
6. Inventory (not providing a return)- excess inventory is not providing a return
7. Over processing- more work than required is done in creating a service/good
Competitive Priorities
cost, quality, speed/time, and flexibility
Business models
a mechanism by which a business intends to generate revenue and profits. Summary of how a
company plans to serve its customers at a strategic level
B2C
business to consumer- Amazon, Best Buy, Dillards
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
B2B
business to business- DHL, Boeing, Consulting/marketing agencies
Both B2B and B2C
Apple, Dell, Ford, and Verizon
Brick and Mortar- land based commerce only
Internet retailer only- Amazon
Click and Mortar
both land based and internet (Best Buy, Barnes and Noble)
P&G Example
3 priorities= reliable service, agile, demand driven supply, and affordable differentiation
Vertically integrated firm
a firm whose business boundaries include one-time suppliers and/or customers
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
What is occurring at many of these firms today is an effort to par down the organization to focus
more on core capabilities while trying to create alliances or strategic partnerships with suppliers,
transportation and warehousing companies, distributors, and other customers who are good at
what they do. This team approach to making and distributing products and services to customers
is becoming the most effective and efficient way for businesses to stay successful -and is central
to the practice of SCM.
Supplier Management
this means getting your firm's suppliers to do what you want, and there are a number of ways to
do this. This involves assessing your suppliers' current capabilities and then figuring out how to
improve them
Supplier Evaluation
determining the capabilities of suppliers. This occurs both when potential suppliers are being
evaluated for a future purchase and when existing suppliers are periodically evaluated for
performance purposes
Strategic partnerships
organizations creating alliances, one of the foundations of SCM
Reverse logistics activities
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
Supply chain management
extracting materials from the ground, selling them to raw material manufacturers, turn raw
materials into materials that are usable by component manufacturers, then final manufacturers
make and sell intermediate components, the final manufacturers assemble finished products and
sell them to wholesalers or distributors, resell them to retailers who sell to end customers
Thus, the series of companies that eventually make products and services available to consumers,
including all of the functions enabling the production, delivery, and recycling of materials,
components, end products, and services, is called a supply chain
Primary goals of SCM
sustainable long term profits and maximize ROI
Value
customer perspective-what do I get?/what is the price?
Productivity
organizational perspective-outputs/inputs
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
Shigeo Shingo's-7 Types of Waste
1. Defects
2. Overproduction- production used to mask shortcomings
3. Transportation- no added value
4. Motion- movement of employees and machines
5. Waiting- wasted resources during waiting
6. Inventory (not providing a return)- excess inventory is not providing a return
7. Over processing- more work than required is done in creating a service/good
Competitive Priorities
cost, quality, speed/time, and flexibility
Business models
a mechanism by which a business intends to generate revenue and profits. Summary of how a
company plans to serve its customers at a strategic level
B2C
business to consumer- Amazon, Best Buy, Dillards
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
B2B
business to business- DHL, Boeing, Consulting/marketing agencies
Both B2B and B2C
Apple, Dell, Ford, and Verizon
Brick and Mortar- land based commerce only
Internet retailer only- Amazon
Click and Mortar
both land based and internet (Best Buy, Barnes and Noble)
P&G Example
3 priorities= reliable service, agile, demand driven supply, and affordable differentiation
Vertically integrated firm
a firm whose business boundaries include one-time suppliers and/or customers
, SCM 300 Exam 1 Study guide (Latest
Update) verified Questions & Answers |
Already Graded A (100% correct) –
Arizona State University
What is occurring at many of these firms today is an effort to par down the organization to focus
more on core capabilities while trying to create alliances or strategic partnerships with suppliers,
transportation and warehousing companies, distributors, and other customers who are good at
what they do. This team approach to making and distributing products and services to customers
is becoming the most effective and efficient way for businesses to stay successful -and is central
to the practice of SCM.
Supplier Management
this means getting your firm's suppliers to do what you want, and there are a number of ways to
do this. This involves assessing your suppliers' current capabilities and then figuring out how to
improve them
Supplier Evaluation
determining the capabilities of suppliers. This occurs both when potential suppliers are being
evaluated for a future purchase and when existing suppliers are periodically evaluated for
performance purposes
Strategic partnerships
organizations creating alliances, one of the foundations of SCM
Reverse logistics activities
