Opma 317 final - Study guides, Class notes & Summaries

OPMA 317 Final

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OPMA 317 Final Exam: Supply Chain Management Quizzes & Ans Graded To Pass!!

QUESTIONS AND ANSWERS

OPMA 317 Final Exam Latest Update Graded A bullwhip effect a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as you move further up the supply chain vendor managed inventory A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor's inventory levels. The manufacturer has access to the distributor's inventory d...

OPMA 317 – Midterm Latest Update with Verified Solutions Process flow chart a diagram outlining the process from start to finish to compete a target goals, shows precedents, tasks, and time Processing time time to produce an order Throughput time the total timer required to complete a process How does knowing capacity help (3) customer order promising (don't over promise), pricing/profit per unit (need to satisfy a return), inventory supplies (track required raw materials for operation) B...

QUESTIONS AND ANSWERS

During the SCM Exercise Graph Commonalities - ️️Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average - ️️Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? - ️️1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary ordering RESULT: BULLWHIP...