1ER PARCIAL Flashcards
What is a supply chain?
A Supply Chain consists of all parties involved, directly or indirectly, in fulfilling a customer request
Definition of supply chains managemente
Integrate suppliers, manufacturers warehouses and stores to produce and distribute in correct quantities and locations to minimize the costs
Stages of a supply chain
Suppliers Manufacturers Distributors Retailers Customers
What is the supply chain objective
To maximize the total value generated along the chain
What is the supple Chain Surplus
Difference between the revenue generated from the customer and the overall cost across the supply chain
What are the 3 decision phases in a supply chain?
Strategic, tactical and operational
What are the flows to take care of in a supply chain?
Information, products and funds
What are the macro processes of a company’s supply chain?
CRM, SCRM, SRM
The 3 logistic drivers of a supply chain are:
Facilities, inventory and transportation
It is together with the bullwhip effect one of the 2 key challenges of a supply chain
Minimize total cost along the chain
The best way to explain the concept of Value Added is:
The customer is willing to pay for it
Example of a successful supply chain for exploiting its storage role
Uline
What does the supply chain includes:
Suppliers Manufacturers Transporters Warehouses Distribution Centers Retailers Customers
SCM CRM SRM ISCM MRO SKU ERP MRP MRP II RM WIP FG
SCM: SUPPLY CHAIN MANAGEMENT CRM: CUSTOMER RELATIONSHIP MANAGEMENT SRM: SUPLIER RELATIONSHIP MANAGEMENT ISCM: Integrated supply chain management MRO: Manteinance, repair and operations SKU: Stock keeping Unit ERP: Enterprise Resource planning MRP: Material of requirement planning MRP II: Material resource planning RM: RAW MATERIALS FG: FINISHED GOODS
MO MS RM DL OH KPI BSC SMART IRR NPV P&L
MO: Make to order MS: Make to stock RM: Raw material DL: Direct labor OH: Overheead KPI: Key Performance Indicator BSC: Balance Score card SMART: Specific measurable Affordable Relevant Time bases IRR: Internal rate of return NPV: Net present value P&L: Profit and loss