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SCMN 2150 Exclusive Bundle | Questions & Correct Answers | Latest Updated | Graded A+

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A teacher begins a lesson by asking students to list 3 types of bears. Students list only black bears and brown bears until the teacher shows a picture of a polar bear and panda bear. Which theory is best illustrated in the scenario? : Schema theory Which of the following learning theories suggests that interaction with more knowledgeable models, such as a teacher or more advanced peer, directly affects the process of learning? : Social development theory Which of the following devel...

what are the key supply chain data requirements : 1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning : 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 and rea...

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...

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 extraction to the minute you pull out your credit card and...

what are the key supply chain data requirements : 1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning : 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 and rea...

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 of date, or needing to be recycled. A. deliver B. return C. make D. plan ...

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 Page | 2 : - enterprise resource planning application - supplier relationship management - customer rel...