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
