SCMN 2150 (Test 1) Latest 2024 Graded A+

SCMN 2150 (Test 1) Latest 2024 Graded A+ Supply chain management the art of managing the flow of materials and products, information, and financial resources from source to user Who are the key participants and the primary processes in a supply chain - Suppliers - Manufacturers - Distributors - Retailers - Consumers (most important) What are the goals of supply chain management SCM helps companies outpace the competition by managing their materials, product, and information flows (better, faster, cheaper) How can companies develop a competitive advantage using supply chain management Develop relationships, improve customer satisfaction, rationalize product touch points, drive out costs and achieve efficiencies Links The transportation method used to connect the nodes in a supply chain Nodes (plants, warehouses, stores) a fixed point in a supply chain where valued added processes take place. Goods are processed, transformed, mixed, held, or sold at nodes Centralized network One factory that distributes nationally Decentralized network Many smaller factories all over the country Direct delivery Package is delivered directly from the warehouse to your house Cross-dock Is made in a factory and put in a grocery store for quick purchase and consumption Distribution center Warehouse makes the product and stores it in a distribution center until it is purchased Steps in a network configuration process 1. Determine problem and model 2. Collect and validate data 3. Develop and model scenarios 4. Evaluate scenario results 5. Take strategic action 3 types of supply chain planning - Short range plans (operation managers and supervisors) - Intermediate range plans (operations managers) - Long range plans (top executives) Short range plans (operation managers and supervisors) Job assignments- ordering, job scheduling, dispatching Intermediate range plans (operations managers) Job assignments- Demand planning and forcasting, sales and operations planning, setting employment, inventory Long range plans (top executives) Job assignments- R&D, new product plans, capital expenses, facility location, expansion Capacity the rate at which output can be produced by an operating unit machine or facility Capacity planning process of establishing the output