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SCMN 2150 Test 1
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SCMN 2150 Test 1 
what is scm 
The "art" of managing the flow of materials and products, information, and financial resources from source to user.
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Who is the most important participant in the supply chain? the consumer How many primary groups are in the SC? 5
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SCMN 2150 quizzeWho is the most important participant in the supply chain? 
the consumer 
 
 
 
How many primary groups are in the SC? 
5s
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SCMN 2150 QUIZZES QUESTIONS
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Who is the most important participant in the supply chain? - Answer-the consumer 
 
How many primary groups are in the SC? - Answer-5 
 
What consulting company was your professor formally an executive? - Answer-Accenture 
 
In reality, what does a SC look like? - Answer-A spiderweb 
 
SCM help companies outpace the competition by managing their materials, product, and information flows in order to be: - Answer-better, faster, cheaper 
 
If an organization can get its supply chain well synchroni...
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SCMN 2150 EXAM 3 BARTO
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what are the key supply chain data requirements - Answer-1. Accurate 
2. Accessible 
3. Relevant 
4. Timely 
5. Transferable 
6. Reliable 
7. Usable 
 
what are the goals of supply chain planning - Answer-solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provide planning, what-if scenario analysis capabilities...
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SCMN 2150 TEST 1
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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...
And that's how you make extra money
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SCMN 2150 TEST 1 AUBURN
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SCMN 2150 TEST 1 AUBURN
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SCMN 2150: EXAM 2 (STRAW)
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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 ...
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SCMN 2150 TEST 2 QUESTIONS AND ANSWERS
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supply management - Answer-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 - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company 
 
procurement - Answer-the purchase of merchandise or services at the optimum possible total cost in the correct amount and qual...
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SCMN-2150 TEST 3 QUESTIONS AND ANSWERS
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What are 5 technologies that can be used to create a competitive advantage? - Answer-1) internet of things (IoT) 
2) blockchain 
3) AI 
4) robotics/automations 
5) 3d printing 
 
What are the 3 biggest roadblocks to making a company a digital business? - Answer-1) company culture 
2) legacy technologies/applications 
3) access or usability of data 
 
What is the overarching goal of supply chain information technology in supply chain management - Answer-plan, execute, and control SCM in real time...
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SCMN 2150 TEST 2 AUBURN UNIVERSITY
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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 outsourcing? - Answer-obtain (goods or a service) from an outside or foreign...
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