Exam (elaborations)
SCM 300 Module 6 Exam 2 well answered to pass rated A+
- Module
- Institution
SCM 300 Module 6 Exam 2 well answered to pass rated A+
[Show more]
Seller
Follow
BravelRadon
Reviews received
Content preview
SCM 300 Module 6 Exam 2Recap of supply chain basics - correct answer ✔✔Focus on People, Competitive Priorities, Measuring
Success, Maximizing Value, Productivity
Bullwhip effect - correct answer ✔✔very high and very low supply levels
4 causes of bullwhip effect - correct answer ✔✔1. Poor forecasting, Poor analysis, Poor communication
2. Order Batching - Trying to place large orders
3. Price Fluctuations - Promotions, Quantity discounts, Special pricing/payment options...Can cause
batching
4. Rationing - Demand higher than supply. Promotes rationing on part of "distributor". "Retailers" may
get less than ordered.
5. Shortage Gaming - Retailers inflate order sizes to counteract rationing
5 methods for controlling the bullwhip effect - correct answer ✔✔everyday low pricing, vendor
management inventory systems, information sharing, develop strong buyer-supplier relationships, and
practicing lean manufacturing
Rocks and water analogy - correct answer ✔✔Rocks are the problem (Capacity levels, inventory)
Water is the service/supplier
Boat is unable to get through if water shrinks, due to rocks
Lean manufacturing - correct answer ✔✔goals: to minimize inventory (inventory is bad) and to eliminate
all types of waste: quality control
Keys to Lean manufacturing - correct answer ✔✔High Performance Quality, Consistent Quality, Quality
at the Source, Continuous Improvement, Poka-yoke(mistake proofing), Closer supplier ties, Small Lot
Sizes, Standardized components and work methods, Dedication to the workforce
, front-end - correct answer ✔✔visible to customer
back-end - correct answer ✔✔not visible to costumer
upstream - correct answer ✔✔in the direction towards the supplier
downstream - correct answer ✔✔in the direction towards the customer
obstacles of integration - correct answer ✔✔Poor communication, an unwillingness to share, and/or lack
of trust between supply chain partners
importance of supply chain integration - correct answer ✔✔The only way for supply chain partners to
achieve efffectiveness, efficiency, and adaptability
supply chain basics - correct answer ✔✔Focus on People, Competitive Priorities, Measuring Success,
Maximizing Value, Productivity
square root rule - risk pooling - correct answer ✔✔(square root of warehouses planned)
divided by
(square root of present # of warehouses)
times
(stock in the present warehouse)
postponement - correct answer ✔✔a combination of push and pull system. Delay the final assembly of
the end Item.
Allows some degree of customization and standardization. Speed and Customization
push system - correct answer ✔✔Inventory is "pushed toward the consumer in anticipation of consumer
demand
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 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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.90. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now