Exam (elaborations)
GLOBAL SUPPLY CHAIN MANAGEMENT MIDTERM QUESTIONS AND ANSWERS
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GLOBAL SUPPLY CHAIN MANAGEMENT MIDTERM QUESTIONS AND ANSWERS
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1-87 of 87the act of monitoring a process for its efficacy, a process that includes dimensions
such as cost, timeliness, or quality
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process control*
,Take previous period and say "next period, we are going to have the exact same"
- forecast = actual sales from last period
- no predictions and no adjusting factors
- useful because it is simple
- can result in error
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Naive forecasting
searching and selecting suppliers who offer materials needed to complete a product
or service
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sourcing
Use data about your suppliers to project how much product they will have available
and when.
- economics, technology, and weather factors play a role in addition to production
and delivery capacity
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Supply Forecasting
A core process
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What process is manufacturing?
Company owns the supply chain
- eliminates risk by owning the assets
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Vertical supply chain
1. Plan
2. Source
3. Make
4. Deliver
5. Return
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SCOR model attributes:
Lower cost
- Broad target
- standard product
- cost effective
- economies of scale
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