MGT 8803 - Supply Chain Exam Latest Update
Long Term Decisions - ANSWER strategic, competitive
-network configuration
-supply chain model
-outsourcing
-vertical integration (become own supplier)
Medium Term Decisions - ANSWER Tactical, planning
-lean
-Sales & operations planning
-inventory management
Short Term Decisions - ANSWER Operational, execution
-people
-equipment
-product
Operations and Supply Chain Management - ANSWER focuses on how to develop
capabilities to design, produce, and deliver products and services in a competitive
market
Capabilities that Drive Performance - ANSWER -products & service features
-costs
-quality
-time to market
-ability to innovate
Supply Chain Processes - ANSWER -plan
-source
, -make
-deliver
-return
-engage
Consequences of Poor Supply Chain - ANSWER -loss of productivity
-customer complaints
-Increased costs
-loss of revenue
-damage to brand
Top 5 Challenges - ANSWER -hiring qualified workers
-customer demands for lower costs/pricing
-customer demands for faster response times
-increasing competitive intensity, rising customer expectations
-forecasting
Efficient Supply Chain - ANSWER cost focus
-high capacity
-high turns
-reduce lead time if it doesn't increase cost
-select cost and quality
-low cost modes
Responsive Supply Chain - ANSWER speed focus
-low capacity
-safety stock; excess inventory
-reduce lead time aggressively
-select speed
Long Term Decisions - ANSWER strategic, competitive
-network configuration
-supply chain model
-outsourcing
-vertical integration (become own supplier)
Medium Term Decisions - ANSWER Tactical, planning
-lean
-Sales & operations planning
-inventory management
Short Term Decisions - ANSWER Operational, execution
-people
-equipment
-product
Operations and Supply Chain Management - ANSWER focuses on how to develop
capabilities to design, produce, and deliver products and services in a competitive
market
Capabilities that Drive Performance - ANSWER -products & service features
-costs
-quality
-time to market
-ability to innovate
Supply Chain Processes - ANSWER -plan
-source
, -make
-deliver
-return
-engage
Consequences of Poor Supply Chain - ANSWER -loss of productivity
-customer complaints
-Increased costs
-loss of revenue
-damage to brand
Top 5 Challenges - ANSWER -hiring qualified workers
-customer demands for lower costs/pricing
-customer demands for faster response times
-increasing competitive intensity, rising customer expectations
-forecasting
Efficient Supply Chain - ANSWER cost focus
-high capacity
-high turns
-reduce lead time if it doesn't increase cost
-select cost and quality
-low cost modes
Responsive Supply Chain - ANSWER speed focus
-low capacity
-safety stock; excess inventory
-reduce lead time aggressively
-select speed
