Why is scm important 4 Study guides, Class notes & Summaries
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SCMN 3150 TEST 1 LATEST VERSION GRADED A+
- Exam (elaborations) • 17 pages • 2024
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SCMN 3150 TEST 1 LATEST VERSION 
 
GRADED A+ 
 
SCM in 4 Words 1.) Plan 
2.) Source 
3.) Make 
4.) Deliver 
 
What is SCM? -The "art" of managing the flow of materials and products, information, and 
financial resources from the source to user 
• Suppliers → Manufacturers → Distributors → Retailers → Consumers 
• Not a science because consumers don't always act rationally 
 
Who is the most important participant in the Supply Chain? -Consumer 
• If there is no demand from the cu...
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SCMN 3150 Brian Gibson test 1 Questions and Answers Rated A+
- Exam (elaborations) • 32 pages • 2024
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SCMN 3150 Brian Gibson test 1 
Questions and Answers Rated A+ 
 
What is Supply Chain Management? the art of managing the flow of materials, products, 
information, and financial resources from source to user. 
 
Why is SCM important? (4) 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 
 
Competitive adv...
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SCMN 2150 Brian Gibson test 1 Exam Review Questions & Answers
- Exam (elaborations) • 9 pages • 2023
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SCMN 2150 Brian Gibson test 1 
Exam Review Questions & Answers 
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 
Comp...
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SCMN 2150 Brian Gibson test 1 Questions and Answers Already Passed
- Exam (elaborations) • 14 pages • 2024
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SCMN 2150 Brian Gibson test 1 
 
Questions and Answers Already Passed 
 
What is Supply Chain Management? the art of managing the flow of materials, products, 
information, and financial resources from source to user. 
 
Why is SCM important? (4) 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 
 
Competi...
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SCMN 2150 Exam 1 Questions and Answers Graded A+
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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SCMN 2150 Exam 1 Questions and 
 
Answers Graded A+ 
 
What is a supply chain? a collection of organizations, people, activities, information, and 
resources 
 
who is involved in the supply chain? customers, retailers, manufacturers, and suppliers 
 
what is supply chain management? All the activities that take place to get a product in your 
hands from the time of raw materials to final product 
 
Why is SCM important to companies? SCM helps companies outpace the competition 
(better, faster, ...
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SCMN 2150 BRIAN GIBSON TEST 1
- Exam (elaborations) • 6 pages • 2024
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What is Supply Chain Management? - Answer- the art of managing the flow of materials, products, information, and financial resources from source to user. 
 
Why is SCM important? (4) - Answer- 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 
 
Competitive advantage: - Answer- requires delivering more value...
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SCMN 3150 Brian Gibson test 1 Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 32 pages • 2024
- Available in package deal
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What is Supply Chain Management? 
: the art of managing the flow of materials, products, information, and financial 
resources from source to user. 
Why is SCM important? (4) 
: 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 
Competitive advantage: 
: requires delivering more value and satisfaction t...
-
SCMN 3150 TEST 1 Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
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- $9.49
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SCM in 4 Words 
: 1.) Plan 
2.) Source 
3.) Make 
4.) Deliver 
What is SCM? 
: -The "art" of managing the flow of materials and products, information, and 
financial resources from the source to user 
• Suppliers → Manufacturers → Distributors → Retailers → Consumers 
• Not a science because consumers don't always act rationally 
Who is the most important participant in the Supply Chain? 
: -Consumer 
• If there is no demand from the customer, why would a product move through t...
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SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass
- Exam (elaborations) • 20 pages • 2024
- Available in package deal
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SCMN 2150: Exam 1 Modules 1-4 Robert 
Straw Questions and Answers 100% 
 
Pass 
 
According to the Module 1 readings, what benefit is achieved by supply chain integration? 
 
A. reduced facility investment 
B. greater demand planning accuracy 
C. greater equipment utilization 
D. rationalized product handling B. greater demand planning accuracy 
 
According to the Module 1 readings, the ______ process focuses on minimizing the number of 
items that enter a backward flow due to defects, being out...
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SCMN 2150 Exam 1 Questions And Answers
- Exam (elaborations) • 8 pages • 2024
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What is a supply chain? - Answer-a collection of organizations, people, activities, information, and 
resources 
who is involved in the supply chain? - Answer-customers, retailers, manufacturers, and suppliers 
what is supply chain management? - Answer-All the activities that take place to get a product in your 
hands from the time of raw materials to final product 
Why is SCM important to companies? - Answer-SCM helps companies outpace the competition (better, 
faster, cheaper) 
essential activ...