SCMN 2150 Final
Differentiating power of procurement is no longer in hammering down prices only. Whats needed is a different attitude to external partnering-
understanding the market environment, your vendors, their strategies, and what makes them tick
BOM
bill of materials
Measures effectiveness of operation
utilization
what are the three C's
confident, competent, caring
KPI does what
creates visibility in processes
what phase is order entry and fulfillment
customer interface
With concern to inventory KPI- as average inventory increases, inventory turns _____________
decrease
the component parts used to make the end item:
dependent demand
Blockchain technology is known as a __________, it is an open spource
distributed ledger
what phase is transportation
distribution
what phase is warehousing
distribution
Most frequently used bc of ease of use, minimal data needed, trend responsiveness
exponential soothing
true or false- technically, a blockchain is a digital, distrubuted transcation ledger that is stored on one
false
Manufacturing cell
gibson electric guitar
Total expected demand for end item or component in a time period:
gross requirements
Project best reflects
housing construction development
As inventory turns decrease, day sales _________
increase
As average inventory increases, ICC ____________
increases
With concerns to production and manufacturing, facilities equal what
inputs
1 in incoterms
insurance
who created incoterms
international chamber of commerce ICC
If capacity is less than demand then risk :
inventory shortage
Skill level for assembly lines is what ?
lower and performed at an often large facility
To transform materials via assembly, fabrication and conversion processes is what?
manufacturing
Box assembly is what
manufacturing and distribution
Need for customization and skilled labor
manufacturing cell
Inventory falls into
material management
MAD
mean absolute deviation
the actual amount we need to purchase in each time period
net requirements
OEM as covered in class video -
original equipment manufacturer
Goods and services equal what
outputs
Continuous flow process best reflects
paperboard for packaging
planned amount to order in each time period
planned order release
differentiating power of __________-
procurement
the differentiating power of _________ is no longer hammering down prices
procurement
what phase is supplier and contract appraisal
procurement
We have learned -
product life cycles are shrinking, cuts are denabdng customized products, competition is intensifying, companies need to be more efficient
When inputs are combined, transformed, and turned into outputs
production
what phase is bottleneck optimization
production
Can bias the forecast
qualitative
Consistent and objective, able to consider much info and data at one time
quantitative
with concerns to total cost of ownership, the hardest to identify, measure and relate to purchase is
service
what is the first step in assembly line balancing
specify sequential relationships
An institutional process that continually improves and reevaluates the purchasing activities of a company
strategic sourcing
an institutional process that continuously improves and reevaluates purchasing activities of a company
strategic sourcing
data from above creates
supplier scorecard
According to fortune magazine article, what leaders are becoming executives
supply chain
The art of managing the flow of materials -
supply chain management
identification, acquisition, access, positioning and management of resources and related capabilities
supply management
What does strategic sourcing dashboard fall into
supply performance
What does negotiating the value fall under
supply selection
TSM as studied in class-
time series model
We implement supply management why?
to create visibility into process and performance across entire supply chain management lifecycle
Sc network design a- customize logistics network to service requirements and profitability of customer segments b- create adaptable structure of links and nodes that can serve multiple customer segments
- all of the above-
Ideal MAD is what
0
how many incoterms are there
11
assembly line
250,000 or more
At least what% of online are returned ?
30%
there are how many primary groups in the supply chain?
5
Concerning fulfillment accuracy how many rights are there
7
Longest time horizon-
CAPACITY PLANING
Throughput
CAPACITY PLANNING
Sc value creation framework objective is
CAPITAL EFFICIENCY
Who is most important participant in supply chain
CONSUMER
fresh chicken
CROSS DOCK
product mixing service-
CROSS DOCK
Ranks of future CEOs will be filled with former ______
CSCOs
Additional amount of capacity added onto expected demand flow for greater than expected demand-
CUSHION
Concerning quantitative forecasting, the real estate market best falls into _________
CYCLE
2.05 liters coca cola
DESIGN CAPACITY
best operating level
DESIGN CAPCITY
High handling costs
DISTRIBUTION CENTER
2 liters coca cola
EFFECTIVE CAPACITY
according to a practitioners guide to demand planning there are wide gaps between system importance and current level of satisfaction, at most companies in
ERP, Order management, demand planning, production planning
SCM does not cross companies and functions true or false?
FALSE
True or false: Mission of call centers- narrowed from order taking to caring for customer needs
FALSE
Sc value creation framework goal is
INCREASED VALUE FOR SHAREHOLDERS
Sales and operations planning-
INTERMEDIATE RANGE PLANS
The larger the MAD the _______ (more or less) accurate resulting model
LESS
Capacity planning / things a few years out
LONG RANGE PLANS
A fixed point in supply chain where value added process takes place -
NODE
Allocation of resources to activities-
SCHEDULING
Detail level is more specific-
SCHEDULING AND SEQUENCING
Tim Cook of apple, Doug mcmillon, Marry Barra are all what-
SCM executives
Job scheduling, dispatching , job assignments, ordering
SHORT RANGE PLANS
True or false: MRP is tool to deal with over and under purchasing of key input items
true
Corporate value is increasingly driven by volume of satisfied and repeat customers. Reflected not by effective management of million in p and l but by effective management of billions in COGS - true or false
TRUE
most businesses must deal with complex an non integrated supply chain networks. this prevents comprehensive and efficient ed to end and traceability and surveillance- true or false
TRUE
TCO
Total cost of ownership. A factor considered when purchasing new products and services. TCO attempts to identify the cost of a product or service over its lifetime.
what is impact of incoterms
affects global trade
Recycling falls into
after market customer services
What do SC leaders do to match capacity and demand? a- make staffing changes b- adjust equip levels c- redesign products for ease of production d- add and close facilities
all of the above
supply chain network design
all of the above
Break even
allows comparison and provides number of units must be sold- all of above