SCM 300 - Davila - Exam 1 Questions
and Answers Graded A+
Muscles and Bones of Organization - Correct answer-Supply Chain
Lifeblood of Organization - Correct answer-IT, Marketing, Accounting, Supply
Chain, Finance
Supply Chain Visibility Example - Correct answer-Golden Gate Bridge/Fog
Analogy
Supply Chain Mantra - Correct answer-Buy it, Make it, Move it, Sell it, Service it
Less Inventory = more resourceful example - Correct answer-Shampoo
Safety Stock - Correct answer-Extra inventory not meant to be used. Ex. Insurance
Anticipation Inventory - Correct answer-inventory used to absorb uneven rates of
demand or supply. Ex. Snowblowers
Pipeline Inventory - Correct answer-inventory that is in transit between suppliers
and customers
, Most Accurate Demand Forecasting and Examples - Correct answer-Qualitative.
Ex. Ox Story with average of guesses, and Scorpion Submarine
D = - Correct answer-demand annually
S = - Correct answer-cost to place single order
q/2 - Correct answer-Average inventory
AHC - Correct answer-annual holding cost
AOC - Correct answer-Annual Ordering Cost
Purchasing Process - Correct answer-1. Requisition
2. Supplier Selection
3. Place Order
4. Track Order
5. Receive Order
Requisition - Correct answer-communicate need to purchase
Supplier Selection - Correct answer-Receive quotes
Place Order - Correct answer-Send PO#
Make vs. Buy Example - Correct answer-Decide to make food at home or go out to
eat
and Answers Graded A+
Muscles and Bones of Organization - Correct answer-Supply Chain
Lifeblood of Organization - Correct answer-IT, Marketing, Accounting, Supply
Chain, Finance
Supply Chain Visibility Example - Correct answer-Golden Gate Bridge/Fog
Analogy
Supply Chain Mantra - Correct answer-Buy it, Make it, Move it, Sell it, Service it
Less Inventory = more resourceful example - Correct answer-Shampoo
Safety Stock - Correct answer-Extra inventory not meant to be used. Ex. Insurance
Anticipation Inventory - Correct answer-inventory used to absorb uneven rates of
demand or supply. Ex. Snowblowers
Pipeline Inventory - Correct answer-inventory that is in transit between suppliers
and customers
, Most Accurate Demand Forecasting and Examples - Correct answer-Qualitative.
Ex. Ox Story with average of guesses, and Scorpion Submarine
D = - Correct answer-demand annually
S = - Correct answer-cost to place single order
q/2 - Correct answer-Average inventory
AHC - Correct answer-annual holding cost
AOC - Correct answer-Annual Ordering Cost
Purchasing Process - Correct answer-1. Requisition
2. Supplier Selection
3. Place Order
4. Track Order
5. Receive Order
Requisition - Correct answer-communicate need to purchase
Supplier Selection - Correct answer-Receive quotes
Place Order - Correct answer-Send PO#
Make vs. Buy Example - Correct answer-Decide to make food at home or go out to
eat
