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GMS 401 CHP9 Supply Chain Management Questions and Answers 100% Verified
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  • Module
  • GMS 401 CHP9 Supply Chain Management
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  • GMS 401 CHP9 Supply Chain Management

Blanket order - A long term purchase commitment to a supplier for items that are to be delivers against short term releases to ship make or buy decision - a choice between producing a component or service in house or purchasing it from an outside source Outsourcing - Transferring a firms activi...

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  • August 16, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • gms 401 chp9 supply chain management

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  • GMS 401 CHP9 Supply Chain Management
  • GMS 401 CHP9 Supply Chain Management

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GMS 401 CHP9 Supply Chain
Management
Blanket order - A long term purchase commitment to a supplier for items that are to be delivers
against short term releases to ship



make or buy decision - a choice between producing a component or service in house or
purchasing it from an outside source



Outsourcing - Transferring a firms activities that have traditionally been internal to external
suppliers



Vertical Integration - Developing the ability to produce goods or services previously purchased or
actually buying a supplier or a distributor



kieretsu - A Japanese term that describes suppliers who become part of a company coalition



Virtual companies - Companies that rely on a variety of supplier relationships to provide services
on demand

Also known as hollow corporations or network companies



Bullwhip effect - The increasing fluctuation in orders that often occurs as orders move through the
supply chain



Pull data - Accurate sales data that initiate transactions to "pull" product through the supply
chain.



Single stage control of replenishment - Fixing responsibility for monitoring and managing
inventory for the retailer

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