Scmn 2150 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 FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lowe...

SCMN 2150 Final Exam Latest Update Graded A+ supply chain technology goals 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchronized tools (technology), standard methods (process), relevant skills (people) SCM Software - enterprise resource planning application - supp...

SCMN 2150 EXAM 3 QUESTIONS AND ANSWERS GRADED A+ What are supply chain software goals? auto decision making exception making cross-chain visibility infastructure Types of supply chain software planning execution lab event management business intelligence information requirements Accessible, Relevant, Accurate, Timely, Transferable, Relaible, Usable What is the most widely used supply chain software? excel T/F Supply chain technology = software FALSE What will be ...

SCMN 2150 Test 2 Questions And Revised Correct Answers What are transforming resources? a.)Supporting tools to execute production b.)Materials used to build a product c.)The products that companies build d.)The day-to-day operations of production - ANSWER : a.)Supporting tools to execute production The dependability performance objective in manufacturing focuses on doing things fast and productively. a.)True b)False - ANSWER : b.) false Which of the following is a goal of prod...

SCMN 2150 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+

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...

Procurement The purchase of merchandise or services at the optimal total cost, the correct quantity, the correct time, and the correct quality. The tactical aspect of the buy process. The goal is to get exactly what they want when they need it. Day to day purchasing function. Strategic Sourcing An institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Focus on continuous improvement of procurement Strategic focuses on continuous ...

SCMN 2150 Exam 3 (Episodes 9-12) with Certified Answers supply chain technology goals 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchronized tools (technology), standard methods (process), relevant skills (people) SCM Software - enterprise resource planning applicatio...

SCMN 2150 Test 2 with Complete Solutions supply management The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing an institutional procurement process that continuously improves and re- evaluates the purchasing activities of a company procurement the purchase of merchandise or services at the optimum possible total cost in th...