Other
Concepts and Definitions SCM
- Course
- Institution
- Book
In alphabetical order. Most important concepts explained . 5 pages long, useful in addition to summary.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Example Exam Questions
Seller
Follow
Annelija
Reviews received
Content preview
Supply Chain ManagementBMO-24806
Period 2 2021
Wageningen University
Concepts and Definitions
Anneli Janzer
, Benchmarking = The formal process of comparing the attributes of one
organization to those of another in order to:
Measure the gaps and areas for improvement.
Achieve realistic targets.
Learn about & improve best practice.
Bullwhip effect = when upstream suppliers hold safety stock to make up for poor
forecasts or supply disruptions
Commitment = endure desire to maintain a valued relationship; the relationship is
worth working on to ensure it endures indefinitely
Competence = something you learn and build up in your organization over time
Core competency= Set of activities, skills, or advantages that distinguishes a
company from its competitors; based on combinations of attributes or skill sets that
give an organization a unique advantage over its competitors
Cost Driver Analysis = identifies processes, activities, and decisions that actually
create costs for the supply chain; Cost reduction strategies must analyze cost drivers
in relation to their impact on the value proposition.
Cost Drivers = vary over time and among different products and services; are not
inherently good or bad; Generic cost drivers:
Level of outsourcing within a Key Cost Drivers (example)
company
Use of nonstandard materials,
components and parts
Scale of operations
High level of finished goods
product mix
Customer order = request from (a set
of) products by a customer
Customer Order Decoupling Point
= also “order penetration point” is an
inventory point in the supply chain up
to which customer orders are received and after which all activities are directly
related to customer orders; there is no free stock available after the CODP – all
products (parts) are ordered by customers; each organization can have multiple
CODPS depending upon the product-market characteristics; The CODP divides the
manufacturing stages that are forecast-driven (upstream) from those that are
customer-order-driven (downstream); 5 possible positions for CODP
Customer Satisfaction= The extent to which perceived quality fails/succeeds to
match pre-purchase expectations; The perception of a pleasurable fulfilment of a
service
1) A priori expectations
2) Perceived fulfilment by product/service
Delivery lead time=time it takes to receive the products after order placement
Downstream the supply chain=customers of customers (customers of customer-
compannies)
Dwell time ratio=evaluates the number of days inventory sits idle compared to the
number of days the inventory is moving
Dysfunctional behavior=decisions are made without regarding impacts on the rest
of the company; functional structures result in failure to see beyond the department
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Annelija. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.81. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now