Exam (elaborations)
SCM 300 Davilla Exam 2 ASU Questions and Answers
- Course
- Institution
SCM 300 Davilla Exam 2 ASU Questions and Answers
[Show more]
Content preview
SCM 300 Davilla Exam 2 ASU Questionsand Answers
Bullwhip affect + causes - Answer -the effect of unplanned repetitive change in demand
felt across the supply chain. From distributor to supplier
- can cause: negative effects on cost of labor and materials, lowers customer service,
leaves over supply of stock
Shortage Gaming - Answer -- when demand exceeds supply manufacturers
- customers order extra to compensate for perceived need
- they cancel extra need leaving extra supply and no demand
( need to view supply history to avoid this)
Rationing - Answer -- rationing a certain supply, causes Shortage gaming
Why go global - Answer -- Increase revenues globally
- Decrease costs globally
CPFR - Answer -collaborating, planning, forecasting, rescheduling
bullwhip effect - Answer -The bullwhip effect is a supply chain phenomenon where fairly
stable demand results in a proliferation in the amount of inventory that is carried as one
travels upstream in the supply chain.
retail store needs to worry about customer inventory
distributor - has to worry about customer and retial store
and so on... amplification of inventory from one supply chain to the next
Line waiting stakeholders - Answer -Customers
Corporate - owners, managers, employees
Line waiting stakeholder costs - Answer -time and money (your time, your employees
time)
, Electronic Manufacturing Services - Answer -- One manufacturer that makes a shit ton
of electronics
- you don't have to buy most of the parts yourself
- You don't have to build the infrastructure
Advs:
-Fast start
-strong start
-low cost
-flexible volume amounts
Cons:
Purchasing Agreements - Answer -
Balking - Answer -customer wants what you have but they get scared away by the line
Reneging - Answer -get in line, then decided the line is too long or get frustrated, get out
of line
Psychological Variables of lines - Answer -- free stuff
- idle employees
λ - Answer -= mean arrival rate
µ - Answer -mean service rate
λ/µ = p - Answer -average server utilization in system
VMI - Answer -- Vendor Managed Inventory
- What Michael Duarte Used to do
- Inventory planning and replenishment system where supplier (vendor) accepts
negotiated
responsibilities that typically include monitoring and restocking. [vendor takes care of
motioning and restocking]
VMI Issues - Answer -- people incompatibility
- IT incompatibility
- a lot of prenegotiation
scan based trading - Answer -- suppliers own the stuff until it is sold. If and when it is
sold they pay something to the store.
Chargeback - Answer -- Charge vendors for making supply chain mistakes
- encourages better SCs
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82013 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now