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SCMN 2150 Exam 2 - Gibson
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SCMN 2150 Exam 2 - Gibson
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SCMN 2150 Exam 2 - GibsonWhat are key supply chain information requirements? (6) - ANS--Accuracy
-Relevance
-Current (timely)
-Reliable
-Transferable
-Usable
What benefits are created by supply chain information technology? (6) - ANS-1. Cross
chain visibility
2. Speed up process
3. Allows agility (adapt and change)
4. Collaboration (internal or external data pools)
5. Differentiation
6. Risk management
What capabilities does supply chain information technology create? (3) - ANS-1.
Configure - support a company's efforts designing their supply chains, accounting for
future alternative operating models/ trade-offs between different configuration.
2. Optimize - creation and evaluation of optimal plans within the context of the
company's current operating model.
3. Respond - support ability to profitably respond to changes in any aspect of execution
in a near-real-time manner.
What are the major categories of supply chain software? (5) - ANS-1. Supply Chain
Planning*
2. Supply Chain Execution*
3. Event Management & Visibility*
4. Business Intelligence
5. Facilitating tools
What is supply chain planning?
(1 of the 5 major categories of supply chain software) - ANS-Provide accurate/ detailed
information about issues that affect planning and development of supply chain activities
, What is supply chain execution?
(1 of the 5 major categories of supply chain software) - ANS-Facilitate improved
performance of tasks across supply chain
EX: Warehouse management systems, Transportation management systems,
Manufacturing execution systems
What are logistics and what is its goal? - ANS-Part of SCM that focuses on planning
implementation and control of flow and storage of goods, relevant information, and
related services.
- Is the coordination part of SCM
Goal: match supply with demand
Why has logistics grown in importance? - ANS-Has a direct impact on the financial
performance of the company
Consumers now expect fast delivery. And if they go shopping, they expect the desired
product to be on the shelf.
What are the key performance metrics in logistics? (4)
Be prepared to calculate them - ANS-Provide insight into how well the company meets
their commitments to buyers
1) Customer delivery quality
- on time and damage free
2) Customer delivery speed
- transit time
3) Customer service level
- accuracy and fill rate
4) Perfect order analysis
- % of orders with 100% fill rate, delivered on time, arrive in perfect condition
Why is transportation critical part of logistics? - ANS-- Leads to efficient physical flow of
products between facilities across supply chain
- Transportation links all the node in our network
- Accounts for 60% of logistics spend
What are the factors to consider when choosing a mode of carrier? (5) - ANS-1) Volume
of freight
2) Customer location
3) Product value
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