ASU SCM 300 FINAL EXAM DAVILA LATEST UPDATED|2024
Competitive Priorities (M1) - cost, quality, speed, flexibility
Productivity vs. Value (M1) - WHAT DID I BUY / WHAT DID IT COST ME
-ration of outputs to inputs --> maximize amount of outputs that can be produced and delivered while...
Productivity vs. Value (M1) - WHAT DID I BUY / WHAT DID IT COST ME
-ration of outputs to inputs --> maximize amount of outputs that can be produced and
delivered while minimizing inputs // ratio of outputs purchased divided by inputs used to
purchase
What is SCM (M1) - effective and efficient integration of the suppliers, manufacturers,
transportation organizations as well as the other parties responsible for collectively
bringing products and services to market
Operations Management (M1) - making business processes effective and efficient;
create high quality products/services using the fewest resources as possible; DO IT
THE EASIEST WAY POSSIBLE; improve how things are done
Logistics (M1) - responsible for developing the transportation itinerary and finding the
appropriate transportation and storage partners to successfully navigate the flow of
materials from point of origin to final destination point
Procurement (M1) - the brand responsible for acquiring materials, equipment, products,
and services; developing relationships and negotiating
Upstream vs. Downstream vs. Reverse Logistics 1st Tier / Reverse Logistics 2nd Tier
(M1) - Upstream: direction that points to suppliers; manager would try and get empty
boxes at the retailer back to distributor to reuse
Downstream: supply chain direction that points towards the customer -- that's the goal is
getting to customer
1st: company's direct supplier
2nd: the suppliers to 1st tier - having week S2 can create problems for whole system
Safety Stock (M2) - buffer inventory kept for variation and uncertainty in demand / to
intended to be used (ex: car insurance)
, Pipeline Inventory (M2) - inventory in transit between two points / on it's way inventory,
orders placed but not paid for or received by customer
Vertical Integration (M2) - company taking on additional supply chain responsibilities
that were formally done by outside parties
Benefits of High and Low Inventory Levels/Purchases (M2) - more inventory to have on
hand in case someone runs out but also cost of holding and having somewhere to put
and more chance of breaking or getting ruined
What is the EOQ? (M2) - ECONOMIC ORDER QUANTITY; lot size (Q) that will
minimize total annual inventory cost (TC); optimal lot size
EOQ's relationship to Holding/Ordering costs (M2) - determines how low or high the
Total Cost (TC) will be which determines how much to order which affects holding costs
What does it mean if AHC > AOC (M2) - holding cots are too high and to the right of
EOQ and should decrease lot size to reduce TC
What does it mean if AOC > AHC (M2) - holding costs are too low and to the left of
EOQ and increase lot size to reduce TC
What should be considered in choosing a supplier? (M2) - -supplier scorecard and
certification
-story on man being honest and when economy tanked people turned to him because
they trusted him
-don't just go for cheap supplier because probably losing something to gain that cheap
price
-look at core competencies
*Long-term: want to make products better and improve them so make sure supplier is
committed to being better as well
*Know 2nd and 3rd suppliers
*Dealing with intellectual control and not taking ideas to competitors
Line Flow (M3) - -PRODUCT FOCUSED
-producing end items with high demand
-S, U, straight lines shapes
-assembly line: can stopped at any time without compromising the flow (cars, trucks,
digital services)
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