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SCM 371 Midterm > Chapter 5 > Flashcards

Chapter 5 Flashcards

1
Q

Supply Chain Design Issues That Increase Risk

A

Globalization
Outsourcing
Faster Clockspeeds
Increasing Customer Demands
Lean Operations

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2
Q

Top 5 Supply Risks

A

Quality
Inventory
Natural Disasters
Supplier Financial Distress
Transit Loss

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3
Q

7 Supply Practices To Reduce Risk

A

Supplier Selection
Supplier Monitoring
Supplier Segmentation
Contracting
Hedging
Near-sourcing
Postponement

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4
Q

The Continuity Planning Process

A

Disruption Scanning
Disruption Assessment
Mitigation/Recovery Plan
Enact/Execute
Evaluate
Improve

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5
Q

Risk Management Process

A

Phase 1: Identification and Monitoring
Phase 2: Disruption Assessment
Phase 3: Risk Mitigation

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SCM 371 Midterm (7 decks)

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