Scmn 2150 test 1 Study guides, Class notes & Summaries

SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers What is procurement? - ANSWER-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - ANSWER-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsou...

SCMN 2150 Test 1 Questions and Answers Already Passed what is scm The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? the consumer What does SCM involve? all the activities that take place to get a product in your hands - from the time of raw materials extract...

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pul...

SCMN 2150 Test 1 Questions & Answers Which SC process focuses on the transformation of inputs into outputs? Post Sales Service Production Logisitics Supply Management - ANS-Production If an organization can get its SC well synchronized, what ultimate benefit will be achieved? Integration excellence Network excellence Functional excellence Process excellence - ANS-Network excellence The Episode 1 SC in Action video, focuses on what product? - ANS-McDonald's French Fries T/F -SCM mai...

SCMN 2150 Test 1 Questions & Answers what is scm - ANS-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - ANS-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - ANS-the consumer What does SCM involve? - ANS-all the activities that take place to get a product in your hands - from the time of raw materials extracti...

SCMN 2150 Test 1 Questions With 100% Correct Answers.

what is scm - Answer-The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - Answer-suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - Answer-the consumer What does SCM involve? - Answer-all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull ou...

SCMN 2150 Test 1 Questions And Answers what is scm - ANS The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? - ANS suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? - ANS the consumer What does SCM involve? - ANS all the activities that take place to get a product in your hands - from the time of r...

SCMN 2150 Test 1 Exam Questions With 100% Correct Answers What is Supply Chain Management? - answerIncludes all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull out your credit card and take the final product home 7 Principles of Supply Chain Management - answer1. Segment customers based on service needs 2. Customize the logistics network 3. Drive operations from demand 4. Differentiate product closer to the...

SCMN 2150 Test 1 Questions And Answers Verified By An Expert What is Supply Chain Management? - ANS the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) - ANS It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2. rationalize product touch points 3. drive out costs and achieve tremendous efficiencies 4. improve customer satisfaction Co...