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