Exam (elaborations)
SCM 300 ASU Exam 1 2024 QUESTIONS & ANSWERS
- Course
- Institution
SCM 300 ASU Exam 1 2024 QUESTIONS & ANSWERS
[Show more]
Seller
Follow
Content preview
10/5/24, 6:05 PMSCM 300 ASU Exam 1
Jeremiah
Terms in this set (103)
The efficient and effective integration of
1. Suppliers and Manufacturers
Supply Chain Management
2. Transporters, Distribution Centers, Warehouses
3. Retailers and all other parties associated tasked with the successful delivery of the
final product and/or service
Purchasing/Procurement Who buys it?
Operations Who makes it?
Logistics Who ships it?
Stakeholder Mentality Managing as if you have skin in the game
Primary Goals Sustainable Long-term Profits and Maximize ROI
Drive Bar Every $ you save, you have to earn $1.20
Competitive Priorities Cost, Quality, Speed/Time, Flexibility
Time elapsed between customer placing order and order being received by
Lead Time
customer
Lot Size Typically refers to the order size
Raw Materials/Components, Work-in-Progress, Finished goods, Spare and/or
Types of Inventory replacement parts, Capital Equipment and MRO (Maintenance, Repair, and
Operations)
Space, Hot/Cool Environment, Energy Requirements, Labor, Handling, Buy/Lease,
Storage
Cost
Transport Vehicle, Cool/Heat, Fuel, Labor, Packaging, Cost
Shrinkage Pilferage, Security, Lost Items, Damaged, Obsolescence
Money Cash, Financing Terms, Taxes, Insurance
Legal Considerations Licenses, Certifications, Other Laws
SCM 300 ASU Exam 1
Protects against uncertainty in demand, lead time, supply... Not intended to be used.
Safety Stock
Cushion, Insurance
1/5
, 10/5/24, 6:05 PM
Used to absorb uneven rates of demand or supply perhaps caused by seasonal
Anticipation Inventory
demand, holidays, quantity discounts...
Orders that have been placed but not yet received nor paid for by customer;
Inventory "on its way" to the customer
Pipeline Inventory
*Formula dL(Periodic demand Lead Time)
Requisition Communicate a specific need to purchase
1. In stock, Used to be in stock, Never in stock
Supplier Selection
2. Present supplier, New supplier
1. Simple or Complex Process
.Place Order
2. Analysis, Negotiation, Contracts, Establish re-order system
Track Order Communicate with supplier; Early/Late/On-time? Shelf Space?
Receive Order Inspect, Record, Shelve
The end-user is the focus- Consider their needs and desires; Cost, Quality, Speed,
Stakeholder Consideration
and Flexibility across the supply chain
Cost and Speed Trade-offs- Inventory needs, Lead times, Shrinkage, End-user
Plant/Warehouse Location
expectations
Technology Accommodations Tracking, Accuracy, Compatibility, Innovation, Overall Service
Commitment to Product Improvement Continuous improvement culture; Investment in R&D
Commitment to Service Improvement Delivery, Packaging, Inventory Monitoring, Data Analysis
Quality of 2nd and 3rd Tier Suppliers Assessing risk, Supply Chain Visibility
1. Location
2. Infrastructure
3. Process design and management
Outsourcing Considerations 4. Materials
5. Services
6. Human elements
7. Finance and Accounting
• Demand: Standard Items, High Volumes, Static Industry
• Layout: Product Focused/Line Flow Layouts
Line Flow Strategy
• Manufacturing system: Assembly Lines, Continuous Flow Systems
• Make-to-stock systems
• Demand: Customized Items, Low Volumes, Dynamic Industry
• Layout: Process Focused/Flexible Flow Layouts
Flexibility Flow Strategy
• Manufacturing system: Job Shops
• Make-to-order systems
• Demand: Moderation (Customization, Changes, Industry)
• Layout: Hybrid Layouts
Hybrid Strategy
• Manufacturing system: Group Technology (Cellular) Layout
• Possibly an Assemble-to-order system
Assembly Lines Can be interrupted
Continuous Flow System Must be run to completion
Line Balancing Goal meet demand, be efficient, consider the future
Engineering and Design List of the Basic Tasks; down the manufacturing process to it's most basic steps
Precedence Relationships; doing the laundry: always wash the clothes before drying
Manufacturing
SCM 300 ASU Exam 1 the clothes
2/5
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 Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now