/.7 rights of supply chain management - Answer-- Right Product
-In the Right Quantity
-To the right customer
-At the right time
-To the right place
-In the right condition
-At the right cost
/.amazon - Answer-fastest company in history to reach $1 billion in sales in only 20
years
/.backward scheduling - Answer-begin with the end state. Work back through necessary
processes to determine what must be accomplished and when to meet the deadline.
/.benefits of centralized networks - Answer-lower inventory and safety stock levels
single location creates better visibility
lower overhead stock
less labor
smaller management team
economies of scale
/.benefits of cross dock - Answer-provides quick sorting and mixing capabilities
products move rapidly
boosts productivity
increases inventory turnover
/.benefits of decentralized network - Answer-primary benefit is customer proximity
shorter lead times
lower delivery costs
responsive to demand
/.benefits of direct delivery - Answer-point to point service
, eliminates need for intermediate facilities
inventory not idled
quicker delivery
cuts product loss (bc less handling)
/.benefits of distribution centers - Answer-replenish goods with safety stock
improves inventory availability
provides product variety
promotes efficient sourcing
/.benefits of sequencing - Answer-maximize utilization while minimizing completion time,
number of jobs in the system, and late deliveries
/.capacity cushion - Answer-an additional amount of capacity added onto the expected
demand to aloow for greater than expected demand and demand during peak demand
sessions
/.capacity planning - Answer-the rate at which output is being used by an operating unit;
the process of establishing the output rate that can be achieved
/.capacity planning strategies - Answer-proactive, concurrent, and lagging
/.capacity utilization - Answer-measures how much of the available capacity is actually
being used (effectiveness)
/.centralized - Answer-focuses on all the activities that take place at a single node, the
network is designed around that single node
/.challenges of centralized networks - Answer-longer lead times
higher delivery costs
potential inefficiencies as single facility grows
potential issues with regional customers
/.challenges of decentralized networks - Answer-more safety stock in system because
there is extra inventory at each location
higher overhead costs
more managers
no economies of scale
/.challenges of qualitative forecasting - Answer-can bias the forecast and reduce
accuracy
/.challenges of quantitative forecasting - Answer-often quantifiable data are not
available
/.challenges of SCM - Answer-product life cycles are shrinking
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