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SCM 300 Module 6 Exam 2 well answered to pass rated A+
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SCM 300 Module 6 Exam 2 well answered to pass rated A+
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SCM 300 Module 6 Exam 2Recap of supply chain basics - correct answer ✔✔Focus on People, Competitive Priorities, Measuring
Success, Maximizing Value, Productivity
Bullwhip effect - correct answer ✔✔very high and very low supply levels
4 causes of bullwhip effect - correct answer ✔✔1. Poor forecasting, Poor analysis, Poor communication
2. Order Batching - Trying to place large orders
3. Price Fluctuations - Promotions, Quantity discounts, Special pricing/payment options...Can cause
batching
4. Rationing - Demand higher than supply. Promotes rationing on part of "distributor". "Retailers" may
get less than ordered.
5. Shortage Gaming - Retailers inflate order sizes to counteract rationing
5 methods for controlling the bullwhip effect - correct answer ✔✔everyday low pricing, vendor
management inventory systems, information sharing, develop strong buyer-supplier relationships, and
practicing lean manufacturing
Rocks and water analogy - correct answer ✔✔Rocks are the problem (Capacity levels, inventory)
Water is the service/supplier
Boat is unable to get through if water shrinks, due to rocks
Lean manufacturing - correct answer ✔✔goals: to minimize inventory (inventory is bad) and to eliminate
all types of waste: quality control
Keys to Lean manufacturing - correct answer ✔✔High Performance Quality, Consistent Quality, Quality
at the Source, Continuous Improvement, Poka-yoke(mistake proofing), Closer supplier ties, Small Lot
Sizes, Standardized components and work methods, Dedication to the workforce
, front-end - correct answer ✔✔visible to customer
back-end - correct answer ✔✔not visible to costumer
upstream - correct answer ✔✔in the direction towards the supplier
downstream - correct answer ✔✔in the direction towards the customer
obstacles of integration - correct answer ✔✔Poor communication, an unwillingness to share, and/or lack
of trust between supply chain partners
importance of supply chain integration - correct answer ✔✔The only way for supply chain partners to
achieve efffectiveness, efficiency, and adaptability
supply chain basics - correct answer ✔✔Focus on People, Competitive Priorities, Measuring Success,
Maximizing Value, Productivity
square root rule - risk pooling - correct answer ✔✔(square root of warehouses planned)
divided by
(square root of present # of warehouses)
times
(stock in the present warehouse)
postponement - correct answer ✔✔a combination of push and pull system. Delay the final assembly of
the end Item.
Allows some degree of customization and standardization. Speed and Customization
push system - correct answer ✔✔Inventory is "pushed toward the consumer in anticipation of consumer
demand
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