SCM 300 Test 1 ASU Questions and Answers | 100% Correct Answer | Grade A+

SCM Ans: Integration of suppliers, manufacturers, transportation organizers, and other parties to bring supplies to market Procurement Ans: Purchasing Branch that gets materials, equiptment, p&s Find best value Negotiate terms Develop long term relationships Operations Ans: Branch that makes business processes effective & efficient Logistics Ans: Branch that develops transportation itinerary& storage partners Downstream: towards consumer Upstream: Away from consumer Strong relationships with transportation people Reverse Logistics Ans: Branch that deals with getting damaged materials back to manufacturers Can be costly Global SCM Ans: Offers competitive advantage but can have challenges because of distance, can be costly, differing cultures, differing timezones 1st tier suppliers Ans: Firm that directly supplies g/s to supplier 1 2nd tier supplier