SCMN 2150 1 AUBURN
What is supply chain management? - Answer- the "art" of managing the flow of materials, products, information and financial resources from source to user
Who is most important participant in Supply Chain? - Answer- Consumer
5 Goals of supply chain - Answer- customer care...
SCMN 2150 1 AUBURN
What is supply chain management? - Answer- the "art" of managing the flow of
materials, products, information and financial resources from source to user
Who is most important participant in Supply Chain? - Answer- Consumer
5 Goals of supply chain - Answer- customer care
competitiveness
efficiency
responsiveness
resiliency
link - Answer- the transportation method used to connect the nodes
Node - Answer- a fixed point in a supply chain where valued added processes take
place
Centralized Networks - Answer- activities are concentrated at a single node (ex: LL
Bean)
Decentralized Networks - Answer- similar activities take place at multiple regional
nodes that make up the overall network (ex: Kroger)
Direct Distribution - Answer- Point-to-point service (ex: Local newspaper at front
door)
Cross Dock - Answer- product mixing service (ex. fresh chicken)
distribution center - Answer- a large, highly automated warehouse designed to
receive goods from various plants and suppliers, take orders, fill them efficiently, and
deliver goods to customers as quickly as possible
Steps in a network configuration process - Answer- 1. determine problem and model
2. collect and validate data
3. develop and model scenarios
4. evaluate scenario results
5. take strategic action
Capacity Planning - Answer- the process of establishing the output rate that can be
achieved by a facility
capacity utilization rate - Answer- actual output/ capacity (100%)
average cost per item - Answer- actual output- cost of operations/actual output
average profit per item - Answer- cost of operations/actual output
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