CSCP

How many stages of supply chain evolution are there?

4

What is primary cash flow?

Customer back upstream toward supplier

explain

DVDs eliminating blockbuster

Stage 2

Improvements in its sepparate deparmtnts

Stage 3 was also during the time of what technology milestone

PC

Three entities of supply chain?

Producer Supplier Customer

engineering function?

R&D

What is reverse flow of products?

Returns and repairs

Stage 1

Satisfies demand without concern for cost

What is primary product flow?

Supplier>Distribution>Customer

Is flow of information back and forth?

Yes

Is vertical integration the practice of bringing supply chain inside one's organization?

Yes

what is value stream?

actions to bring concept to end user

what is volume?

amount of product made

what is macroeconomics?

analysis of entire economy

explain

anticipating a change in demand

Stage 4

at least one business process to outside partner

low cost strategy means?

basics with low cost

WHat ways does supply chain risk plan?

being flexible good citizenship using risk data

what is best cost strategy?

best value at low price

what is structural unemployment?

changes in structure of available work (workers need retraining = skills obsolete)

what is vocalization?

communication between partners

marketing function?

company and product position

What is the benefit of vertical integration?

control

what is goal of enterprise resource planning system?

coordinates information flow between parts of organization

what are the 5 fundamentals elements to any business?

customer service sales channels value system operating model asset footprint

what does a focus on innovation mean?

cutting-edge must have

explain

demand decrease

why is time-to-volume important?

demand will peak in early period of release

what is definition of market driven?

depending on customer's needs

what chain of stores is an example of target costing?

dollar stores

what is the goal of organizational strategy?

end result

explain

enter new market

what is the basis of forecast-driven strategy?

estimate of future demand

What is the macro environment?

external influences

how can you increase velocity?

faster transport less idle time faster flow of demand and cash

what are the key functions of the business plan?

finance engineering marketing operations

what three types of value should supply chain create?

financial customer social

Stage 3

focus on companywide business processes

full employment is when the only unemployment is from what sources?

frictional and structural

What does a business strategy aim to do?

grow competitive edge

what does focus mean?

if for broad or well-defined market

What is the purpsoe of value chain?

increase value of good/service

what is the goal of the three V's?

increase visibility and velocity while keeping down variability

what is microeconomics?

individual economic decision makers

who are the external stakeholders?

investors communities governments

how can you improve market knowledge?

look at partner information

what is competitive analysis?

looking at competitiors strategies and prices

what are some measures for measuring organizations performance?

looking at past performance future desired performance competitor performance industry average performance

what are functional products?

low profit and predictable demand

what does least cost mean?

lower cost than compeition for equivalent

what does finance function do?

manage funds

what is spend management?

manging outflow of funds in order to buy goods/services

operations function?

meet demand via products

what is variety?

mix of goods and services to meet changes in demand

what is product differentation?

more availablility and quality

what does value stream mapping hope to achieve?

more efficient process flow

what does differentation mean?

more features than competition

revenue model is organizations plant to do what?

more revenue than expenses

what is focused low cost strategy?

niche market at low cost

what is frictional employment?

normal unemployment

every supply chain is made up of what?

organizational design processes +systems human resource metrics

explain

organizations need to reconfigure

what are the two types of partnerships?

ownership by two or more people one wanting to achieve a competitve advantage

what kind of flexibility does human resources have in supply chain?

perform any role

what is definition of metric?

performance measurement systems

seasonal products?

predictable cus tied to season

examples?

price of product employment levels

how does time to market create differntation?

products at market sooner will have longer time to capture market share

what is broad differentation strategy?

products/services that appeal to buyres looking for variety of goods

what system is driven by actual orders?

pull system

when a supply chain works in response to forecasts, what system is this?

push system

what is a method of increasing financial value?

reducing costs

how does it earn more revenue than expenses?

sales

what is purpose of value stream mapping?

shows value-adding and non-added value processes

what is a way supply chains create social value?

society demands

example of systems and technology in supply chain

software and networks to automate activities

what are the three categories of products?

staples seasonal fashion

example of staple products?

steady demand and low profit

what is organizational design?

support the business plans of a company

what's another example?

sustainable practices for a healthy enviornment

what is focused differnetation strategy?

targeted niche markets

examples of external influences?

technological and economic

who is the primary stakeholder in any business activity?

the business

what is velocity?

the flow of goods/services

innovative products have what?

unpredictable demand high profit

fashion products?

unpreditable demand

what are the three V's?

visibility, velocity and variability

organizations with customer focus and alignment prioritize what?

what's good for the customer

In lateral integration, does an organization focus on it's core competencies and allows specialists for the rest?

yes

are customers also significant stakeholders?

yes

do complex supply chains take more time and money, monitor and to control?

yes

is another way to differentiate a product/service superior customer service?

yes

is anticipated change in market a reason why an organization may need to alter its supply chain strategy?

yes

is business merger a reason why an organization may need to alter its supply chain strategy?

yes

is change in business direction a reason why an organization may need to alter its supply chain strategy?

yes

is change in market conditions a reason why an organization may need to alter its supply chain strategy?

yes

is cost and quality the basis for competition?

yes

is disruptive technology a reason why an organization may need to alter its supply chain strategy?

yes

is mass marketing good for products/services that have broad appeal across many markets?

yes