SCM 300 exam 1 Questions and Answers
Procurement - ✅✅The process of obtaining services, supplies, and equipment
in accordance with organizational regulations.
Operations - ✅✅Design, operation, and improvement of the production
systems that efficiently transform inputs into Finished Goods and Services
Logistics - ✅✅Preparation of Packaged Product, Movement Itinerary
(Transport), Storage Itinerary (Warehousing), Product Distribution throughout the
Supply Chain
Reverse logistics - ✅✅how to use unused capital
first tier supplier - ✅✅provides finished goods or essential components
second tier supplier - ✅✅provides materials or components to tier 1
third tier supplier - ✅✅supplies resources to second tier
Upstream Supply Chain - ✅✅points toward suppliers
downstream supply chain - ✅✅points toward consumer
scm flows - ✅✅materials money and information must flow for supply chains
to work
, Supply Chain Visibility - ✅✅the ability to view all areas up and down the supply
chain in real time
competitive priorities - ✅✅cost quality speed flexibility
core competencies - ✅✅primary advantages a company has over competitors
types of waste - ✅✅defects, overproduction, transportation, motion, waiting,
inventory, overprocessing
supply chain strategy - ✅✅meet the needs of the customer today and evolve
for tomorrow
Lead time - ✅✅period of time between when an order is placed and when the
order is recieved by the customer
lot size - ✅✅An accepted order size.
MRO - ✅✅not intended as part of goods but necessary; chairs, computers,
tables
SKU - ✅✅Identifying code, qr, bar code (UPC)
Pipeline inventory - ✅✅inventory in transit between two points
Procurement - ✅✅The process of obtaining services, supplies, and equipment
in accordance with organizational regulations.
Operations - ✅✅Design, operation, and improvement of the production
systems that efficiently transform inputs into Finished Goods and Services
Logistics - ✅✅Preparation of Packaged Product, Movement Itinerary
(Transport), Storage Itinerary (Warehousing), Product Distribution throughout the
Supply Chain
Reverse logistics - ✅✅how to use unused capital
first tier supplier - ✅✅provides finished goods or essential components
second tier supplier - ✅✅provides materials or components to tier 1
third tier supplier - ✅✅supplies resources to second tier
Upstream Supply Chain - ✅✅points toward suppliers
downstream supply chain - ✅✅points toward consumer
scm flows - ✅✅materials money and information must flow for supply chains
to work
, Supply Chain Visibility - ✅✅the ability to view all areas up and down the supply
chain in real time
competitive priorities - ✅✅cost quality speed flexibility
core competencies - ✅✅primary advantages a company has over competitors
types of waste - ✅✅defects, overproduction, transportation, motion, waiting,
inventory, overprocessing
supply chain strategy - ✅✅meet the needs of the customer today and evolve
for tomorrow
Lead time - ✅✅period of time between when an order is placed and when the
order is recieved by the customer
lot size - ✅✅An accepted order size.
MRO - ✅✅not intended as part of goods but necessary; chairs, computers,
tables
SKU - ✅✅Identifying code, qr, bar code (UPC)
Pipeline inventory - ✅✅inventory in transit between two points
