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SCM 300 Exam 1 Modules 1-4 (Chaturvedi) 2024 QUESTIONS & ANSWERS
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SCM 300 Exam 1 Modules 1-4 (Chaturvedi) 2024 QUESTIONS & ANSWERS
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10/5/24, 6:03 PMSCM 300 Modules 1-4
Jeremiah
Terms in this set (131)
the efficient integration of suppliers. Transporters, manufacturers, warehouses,
Supply Chain Management (SCM)
retailers and all other parties associated with the delivery of the final product.
is responsible for acquiring materials, equipment, products and services. This entails:
Procurement: (purchasing) finding suppliers, finding the best value, negotiating terms, placing orders, and
developing long term relationships.
responsible for making business processes effective and efficient. The operations
Operations that seek to help the organization create high quality and continuous improvement
throughout the buyer-supplier relationship.
responsible for the transportation itinerary and finding the appropriate
Logistics transportation and storage partners to successfully navigate the flow of materials
from the point of origin to its final destination.
The management of products that flow backward in the chain. Away from the
Reverse Logistics
customer and back toward the manufacturers. This can be costly.
When suppliers, manufacturers, transportation, companies, warehouses and
Global SCM distribution centers, retailers and other SC partners span across multiple countries
and/or continents, those are considered global.
a company's direct supplier. A firm that directly provides goods and/or services to a
1st tier suppliers
company
2nd tier suppliers are a firm that provides goods and services to a company's 1st tier supplier.
Upstream the direction that points toward the supplier. To the LEFT.
In a company's SC this is the direction that points toward the end consumer. To the
Downstream
RIGHT.
In order for the SC to function and Materials, Money and Information
develop, what 3 things must continuously
flow?
A company's plan for how it will purchase items, transform them, deliver them and
Business Model
sell them in effort to produce a profit.
SCM 300 Modules 1-4
is the ability to see what is happening with inventory upstream and downstream in a
Supply Chain visibility: (inventory visibility)
SC.
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Revenue-Cost
Profit Companies invest money to make and deliver products or services. (Costs) And they
sell products services for money. (Revenue) The difference between the 2 is profit.
ROI (Return on Investment) Total Profit/Total investment
Cost. Quality, speed and flexibly
4 competitive priorities
Companies
the primary advantage a company has over its competitors. Typically, a core
Core competencies:
competency would be difficult, if not impossible to replicate.
Productivity is the ratio of outputs to inputs.
Primary SC goals Effectiveness, energy and adaptability.
Value the ratio of "output purchased"/ "inputs used to purchase"
Defects, Overproduction, Transportation, Motion, Waiting, Inventory, Over-
7 types of waste
processing
Know that your work is never done.
-Satisfy the customer needs=value
3 Keys to being a successful SC Manager
-Satisfy the company needs=ROI
-Be prepared for the future=Improvement
-Understand the product/service and the market desire.
SC Strategy (3) -Develop a Business Model
-Organize the right group of SC partners
-SC metrics
-Info tech tools
SC Tools (5 examples) -Relationship management skills.
-Financial Resources
-Organizational Integration
Bottlenecks a section of a SC that limits the overall output of the assembly line.
this is typically a line flow layout that is designed to be operated by a single
OWMM (One worker, Multiple machines)
employee, utilizes a U shaped layout.
many employees and/or workstations, employee inequities, and present needs
Assembly line challenges
versus future demands.
This layout type is used for very large and hard to move items, such as airplanes,
Fixed Position Layout
cruise ships, office buildings
Meeting demand, Maximize sales and profits, Capacity, Communication and
Key issues. Manufacturing Layout information flow, Convenience, Utilization, Resource efficiency
Human resources and Material flow, Space/Area efficiency, Safety and Security
include packaging companies, delivery companies, warehouses, distribution centers
Established channels of distribution and even suppliers. Can establish a history together and coordination of SC actions.
Makes things more fluid.
the collection of companies from which an organization presently purchases
Established supplier base: products and/or services. This advanced relationship may imply that transactions
occur regularly and more fluid.
an industry that is heavily concentrated in a particular region, where the companies
Hypercompetitive markets compete fiercely. This intense and concentrated competition may result in rapid
innovation but short cycles of competitive advantage.
a manufacturing strategy and layout that typically works well in producing end items
Line Flow that have relatively high demand and that require very little customization.
SCM 300 Modules 1-4 Assembly line and Continuous flow system.
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