Exam (elaborations)
SCMT 2103 Stephanie Thomas Exam 3 2024 Questions and Answers Fully Solved
- Course
- Institution
SCMT 2103 Stephanie Thomas Exam 3 2024
[Show more]
Content preview
SCMT 2103 Stephanie Thomas Exam 32024
runout time - answer"the number of days or weeks it would take to deplete the product
inventory on hand given its expected demand.
runout time calculation - answerR= p/d
p= number of units of product on hand
d= product demand in units for a day or week
Production scheduling - answerallocates available capacity (equipment, labor, and
facilities) to the work that needs to be done
High utilization rates - answer"This often means long production runs and centralized
manufacturing and distribution centers. The idea is to generate and benefit from
economies of scale."
Low inventory levels - answer"This usually means short production runs and just‐in‐time
delivery of raw materials. The idea is to minimize the assets and cash tied up in
inventory."
High levels of customer service - answer"This often requires high levels of inventory or
many short production runs. The aim is to provide the customer with quick delivery of
products and not to run out of stock in any product."
Too much capacity in a facility results in ___________ utilization rates and ________
supply chain costs - answerlow
higher
Order management - answer"the process of passing order information from customers
back through the supply chain from retailers to distributors to service providers and
producers."
TL - answerTruck Load Shipments
larger shipments that take up almost the entire truck
LTL - answerLess-than-truckload shipments
, for smaller loads that do not take up most of the space in the truck
Direct Deliveries - answer"deliveries made from one originating location to one receiving
location. With this method of delivery the routing is simply a matter of selecting the
shortest path between the two locations."
milk run deliveries - answer"are either deliveries that are routed to bring products from a
single originating location to multiple receiving locations or deliveries that bring products
from multiple originating locations to a single receiving location."
Scheduling these deliveries is a much more complex task than direct deliveries
Reverse Logistics - answerAlso known as return processing
a type of supply chain management that moves goods from customers back to the
sellers or manufacturers.
Collaboration - answerA form of interfirm partnerships which are established in order to
obtain advantages, such as cost sharing, pooling or spreading risks, specialization or
the access to complementary resources within supply chains.
DC - answerFacilities where bulk shipments of products arrive from single product
locations
Distribution centers
Crossdocking - answer"a technique pioneered by Walmart where truckload shipments
of single products arrive and are unloaded. At the same time these trucks are being
unloaded, their bulk shipments are being broken down into smaller lots and combined
with small lots of other products and loaded right back onto other trucks. These trucks
then deliver the products to their final locations."
M&OP - answer"A streamlined version of this process can guide mass collaboration
between participants in disaster response supply chains"
Mission and Operations Planning
S&OP - answerto a large degree, a further elaboration of the planning process. It also
shares elements in common with CPFR process. As companies develop effective
_______ processes internally and collaboratively with their supply chain parnets, they
will see significant improvements in their supply chain management capabilities
Sales and operations planning
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 or Stuvia-credit 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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now