Description: Link to Wikipedia for SCM definition & clarification. Discuss how SCM can be a competitive advantage for organizations when used most effectively. What is the main goal of SCM? To reduce uncertainty, variability, & risks; to increase control in the supply chain to improve inventory levels, cycle time, business processes & customer service to increase profitability & competitiveness. Efficient & effective supply chains are critical to survival of most organizations; heavily dependent upon IS. What are some examples of successful supply chain partnerships? Consider Wal-Mart.
1. Describe SCM & give examples.
2. Efficient management of the supply chain end-to-end process:
3. Main goal of modern SCM:
a. reduce cost
b. reduce uncertainty, variability & risks
c. increase control in the supply chain
d. increase profitability & competitiveness
e. all of the above
4. SCM software:
a. concentrates upon improving decision making, optimization & analysis
b. needed to support specific segments of manufacturing, inventory control & scheduling
c. may support digital supply chains
d. all of the above
e. none of the above