LOGISTICS (KARMS REVIEWER)

This SCOR involves the alignment of resources to demand

It serves as a central hub that uses technology, organization, & processes to capture and use transportation data

It requires a two-way flow of communication between customers and manufaacturers

It involves identifying the interaction of suppliers, customers, technological developments that may impact competition

It focuses on consistent, high-quality goods or services through a reliable and safe supply chain

What does SCOR stands for?

This SCOR involves buying or acquiring materials and services

This activity allows managers to monitor the business environment

This SCOR involves the conversion of value-adding activities within a supply chain operation

Which of the following is not a characteristic of SCM 2.0?

It affects demand variability as well as marketing and supply chain costs

These are initiatives that maintain and improve a product's value

This involves receiving, warehousing, and inventory control of input materials

It requires a fast and friendly service during and after the sale

It focuses on speed of delivery, response time, and product development time

It encourages high utilization of assets that often results in higher inventory cost and lower service levels

This involves transforming inputs into the final product or service to create value.

It provides high levels of flexibility, enabling the company to respond faster

It is the value or benefit a customer receives from a purchase

This manufacturing process enable the concept of mass customization

A planning orientation and framework that seeks to create a single plan for the flow of products and information

This activity involves activities or tools which provide speed, accuracy, and quality in the processes of a firm

It focuses on various forms such as volume, variety, & customization of products and services

It requires having the products and services available when needed

It involves tasks associated with fulfilling an order for goods or services placed by a customer

It is a tool used to measure or predict market share, revenue, profit margin at specific supply, and price points

It involves maintaining long-term and good relationship with clients

It pertains to maximum efficiency, organizational flexibility, and highly-evolved operating models in the supply chain

This activity refers to the acquisition of raw materials and other inputs or resources

This involves the movement, protection, storage, and control of materials and products

It shows the value-creating activities of an organization

It is a new paradigm enabled by the introduction of the modernized and digitalized production &manufacturing environment

This SCOR involves customer interaction, from receiving orders to final delivery and installation

This involves the different modes of conveying finished goods and raw materials

It is the process in the supply chain network where the activities are no longer driven by individual orders

This involves a public or private building used to store finished goods and raw materials

It pertains to real-time visibility, seamless collaboration, and personalized experiences in the supply chain

It involves estimating the quantity of a product or service that customers will purchase

It is an essential part of supply chain management

It is the costs incurred when supply doesn't match demand

It transcends the idea of end-to-end optimization of the flow of products and/or services

It involves reconfigurable & flexible factories that react rapidly to changes in customer demand

It ensures proper linkage and alignment of an organizations' supply chain to its competitive priorities

Logistics system used to determine location of goods or services from the point of origin to its ultimate destination

It pertains to actionable insights, automated execution, and accelerated innovation in the supply chain

It encompasses the planning and management of all activities involved in sourcing, procurement, & logistics management

This activity involves skills development and training of employees

It involves the implementation of innovative technologies to reduce costs, increase flexibility, and customize products

It allows the manufacturer to identify changes in customer requirements

It integrates supply and demand management within and across companies

It involves planning and managing finished goods and raw materials

Which of the following is not a primary activity in the value chain?

It pertains to enhanced responsiveness and proactive prevention in the supply chain

It is best understood after establishing the competitive priority strategy that the organization has selected

There must be connected and aligned properly to the supply chain

It involves the acquisition of goods or services from an outside external source.

This involves activities related to buyers purchasing the product

It aims to achieve linkage & coordination between the processes of other entities in the pipeline

It involves wide optimization of the flow of goods and/or services

It is a dynamic worldwide network that involves purchasing of goods or services from overseas

It requires efficient transfer of ownership to the customer

Which of the following is not a secondary/support activity in the value chain?

This involves activities that deliver the final product to the customer

It involves mass collaboration and open innovation using the internet to formulate a new product idea

It is performed by the manufacturers and third-party logistics companies

It enables the creation of new products and production systems, utilizing a large amount of information

It focuses on delivering a product or service to the customer at the lowest possible cost without sacrificing quality

It is a model for strategic decision-making in supply chain management

Requires the use of web servers to gain access to external data

It is a major driver of efficiency and ultimately cost under industry framework

It requires having the products & services available at the most convenient locations for customers

It defines the connection and combination of activities and functions throughout the value chain

This SCOR involves processes which require backward flow of goods and services