Supply Chain Final

Which of the following is not an element of the integrated supply chain for General Mills Honey Nut Cheerios?

-Dairy cow farmers -Oats farmers in Iowa -Union Pacific railroad that moves oats to distributors -General Mills manufacturing plants -Ted, who eats Honey Nut Cheerios every morning

Disruptive technology

-Digitization -Unstructured data -IoT, Cognition-Automation and Robotics-Additive manufacturing and 3d printing

What emerging megatrends will greatly challenge supply chain managers?

-Disruptive technology, talent requirements and social changes

Emerging trend challenges in supply chain management

-Disruptive technology-Global Geo-Political and Social Changes-Talent and Skill Requirement

Which economic utilities are associated with supply chain management?

-Form, time, and place

Which geo-political and social patterns will alter the conduct of supply chain management?

-Global unrest, and complexity in trade laws

What is NOT an innovation related to disruptive technology?

-Internet of Things-Additive Manufacturing and 3d printing-Automotive distribution-Artificial Cognition

Integrated enterprise

-MFS/SVC operations -Order Management

Talent and skills requirement

-Many supply chains include multicultural/ multi-national members-need talent who knows end to end supply chain ins and outs-must have great soft skills at collab & team work-must be strong in analytics, understanding big data, and cognition to succeed

market distribution network

-Outbound logistics -Customer services/post sales support -return management

Which of the following approaches would NOT help a business deal with the great divide?

-creating a production-oriented focus across the supply chain

Integrated end to end concept

-internal functional boundaries -suppliers' suppliers -customers-end consumers -intermediary goods & svc firms

Supply Chain best management practices include a focus on

-max relevant value creation -innovation and transformation -continuous improvement integration and collaboration

Supplier base

-procurement (sourcing) -inbound logistics

Digitization

-related to structuring and exchanging massive amounts of data and use to to drive decisions.-Exchange data in real time and make real time decisions,

Drivers and results of the Great Divide

-siloed functional areas(procurement, MFG, logistics)-internal integration-end to end supply chain integration

Additive manufacturing (3D printing)

Changing essential economics of job sites, allowing for precision, on site, quickly and at low cost. Form, time, place value mix may be altered by this

IoT & Cognition

Cognitive age where computer systems learn and use unstructured data to make decisions or help make decisions

An example of the role of the supply chain in a firm is

Delivering on the promise made to your customers

Who does the great divide in supply chain occur between?

Demand focused activities and supply focused activities

Unstructured data

Find patterns to drive near real time decision making. (soft data from social media, reward cards, online accounts...etc)

Which of the following utility does General Mills provide when it uses specific food ingredients to make Honey Nut Cheerios?

Form

internal integration across one organization

How the organization coordinates its internal systems and processes.

Functional Silos

Occur when business functions in the same firm operate independently with little cooperation, communication, or appreciation for other functions

Logistics/Supply Chain management is closely tied with Marketing as it typically fills which ÒPÓ?

Place

Originally SCM had a very functional focus in

Procurement Manufacturing Logistics

It is said today that marketing is responsible for identifying profitable demand and creating products to incentivize customers to buy, while supply chain management's role is to:

Satisify demand by putting the product in customer's hands at the right time, right place, right quantity, and right price.

Companies that excel at supply chain management are structured to include all the following except:

Siloed organizational structure

Outbound Logistics

The coordination of forecasting, finished goods inventory management, warehousing, customer service, outbound transportation and production scheduling describe which activity in Porter Value Chain?

What is at the center of the integrated supply chain in SCM1?

The customer experience

Order management

The planning, directing, monitoring, and controlling of the processes related to customer orders, manufacturing orders, and purchase orders.

Outbound logistics

The process related to the movement and storage of products from the end of the production line to the end user.

the great divide

The separation /b/ demand-focused activities and supply-foucued activities is sometimes referred to as

Integrated Supply Chain Management

The systematic coordination of tradition across organizations within the supply chain for the purpose of improving the long-term performance of the individual enterprises and the supply chain as a whole

Global geo-political and social changes.

There is global unrest. All across the globe there are political and social changes happening. These affect supply chains greatly. Including, tariffs, import and export restrictions, overseas extreme weather conditions affect supply/demand activities-also factors in demographics

-retail management -manufacturing -procurement -outbound logistics -inbound logistics

Which of the following is NOT a component of a supply chain as listed in SCM1?

Automation and robotics

are disruptive technology in manufacturing and distribution.

Supply Chain Management

extends the linking and coordination of materials management, manufacturing management, and distribution upstream to suppliers and downstream to customers

The Great Divide

manufacturing (demand focused) and distribution (supply focused)

Components of a supply chain

plan, source, make, deliver, return

MFS/SVC Operations

process(es) transforming materials into finished products/services/ including, the controlling and operating needed to manage

Return Management

returning goods from the customer to the mfg; this may be due to obsolescence, performance, problems, or customer preference

customer service/post-sales support

services provided after deliver such as setup, repairs, maintenance, and/or telephone

Supply chain management refers to a relatively new business phenomenon meaning:

the mangement of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole

As Delta invests in luggage tracking- it is switching to baggage tags with radio-frequency ID chips embedded, Delta will now be able to accurately track customers' baggage in real time! Even though the new technology costs a great deal, Delta could save on fewer luggage claims and deliveries. What does this example imply?

-Companies need to evaluate cost-to-serve versus the perceived benefits