Scm 3301

SCM 3301 Spring 2013 Exam 1 Study Review The exam will cover chapters 1-4 from the textbook. Format 34 multiple choice questions of roughly equal weightage from each of the four chapters. Resources to study * Lecture Notes ( If you have missed a class, please obtain the notes from a classmate) * The textbook * Closely read the sections cover in the lectures * Closely read the material related to the main ideas listed below Main Ideas Chapter One Describe a generate concatenation and define supply chain management. * Describe the objectives and elements of supply chain management. * Describe a brief history and some of the trends of supply chain management. * show the range of supply chain management activities common to both services and manufacturing * BUY Supply * MAKE Operations * SHIP Logistics * Coordination Integration * Understand the current trends in Supply concatenation Management Chapter Two Understand the role of supply management and its strategic impact on an o rganizations competitive advantage * Understand the clams leverage of effective purchasing * Have a basic knowledge of the manual purchasing process, e-procurement, small value procurement * Understand strategic personality of the make or buy decision * Understand sourcing decisions and the factors impacting supplier selection * Describe the various considerations in assessing the Total Cost of Ownership * Understand how a supplier portfolio is managed Describe the opportunities and challenges of global sourcing Chapter Three * Explain the importance of supplier partnerships * Understand the key factors for developing successful partnerships * Understand the principles behind the Weighted Criteria paygrade System * Understand the purpose and creation of a supplier certification program * Explain the importance of a supplier recognition program * Understand the capabilities of Supplier Relationship Management Chapter Four Define and appreciate the trends in ethical and sustainable sourcing * Define and describe the terms fair trade products commons purchasing social sustainability * Describe how ethical and sustainable sourcing strategies are developed and implemented * Understand how Supply Base Rationalization can help better a companys ethical and sustainable sourcing * Understand ways that supplier partnerships can help a companys ethical and sustainable goals * Understand the use of environmental supplier certification and recognition programs