Scmn 3150 Test 1 Exam Questions (167 Terms) With Verified Definitions Updated 2024

how does effective scheduling produce competitive advantage? {Ans: - faster movement of goods - better use of assets at lower costs - increased capacity from faster throughput - improved customer service with faster, more reliable deliveries}network design process {Ans: 1. determine problem and model 2. collect and validate data 3. develop and model scenarios 4. evaluate scenario results 5. take strategic action}top-down planning {Ans: - uses a single sales forecast that drives the planning process - forecast is derived from a combo of products and services that require similar resources - allows management to create tactical plans based on overall forecast and divide the resources across the finished goods in the plan}S&OP challenges {Ans: - pricing pressures - product lifecycle reduction - customer fragmentation - market volatility}what type of supply chain configuration is most appropriate if your organizaiton needs to minimize inbound transportation costs, has limited need for safety stock, and wants to reduce inventory investment? {Ans: centralized supply chain}gross requirements {Ans: total demand for an item during a specific time period}