Chapter 5 - The Supply Chain Management Concept Flashcards

1
Q
SCOR process (6)
(Supply Chain Operations Reference)
A
plan
source
make
deliver
return
enable
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2
Q

plan

A

processes that balance aggregate demand and supply to develop a course of action which best meets sourcing, production, and delivery requirements

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3
Q

source

A

processes that procure goods and services to meet planned or actual demand

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4
Q

make

A

processes that transform product to a finished state to meet planned or actual demand

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5
Q

deliver

A

processes that provide finished goods and services to meet planned or actual demand, typically including order management, transportation management, and distribution management

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6
Q

return

A

processes associated with returning or receiving returned products for any reason. These processes extend to post delivery customer support

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7
Q

enable

A

processes that manage relationships, performance, and information for a supply chain. These processes interact with all other external and internal processes associated with the supply chain

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8
Q

supply chain

A

a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end-user or consumer

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9
Q

GSCF model (8)

A
customer relationship management
supplier relationship management
customer service management
demand management
order fulfillment
manufacturing flow management
product development and commercialization
returns management
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10
Q

customer relationship management

A

provides the structure for how relationships with customers will be developed and maintained

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11
Q

supplier relationship management

A

provides the structure for how relationships with suppliers will be developed and maintained

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12
Q

customer service management

A

deals with the administration of the PSAs developed by customer teams as part of the Customer Relationship Management process

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13
Q

demand management

A

balances the customers’ demand with the capabilities of the supply chain; process includes forecasting, synchronizing supply and demand, reducing variability, and increasing flexibility

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14
Q

order fulfillment

A

involves filling orders as well as all activities necessary to design a network and enable a firm to meet customer requests while maximizing its profitability

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15
Q

manufacturing flow management

A

deals with all activities necessary to obtain, implement, and manage manufacturing flexibility as well as product movement into, through, and out of plants

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16
Q

product development and commercialization

A

provides the structure for developing and bringing to market products jointly with customers and suppliers

17
Q

returns management

A

involves activities associated with returns, reverse logistics, gatekeeping, and avoidance

18
Q

fast supply chain

A

emphasizes speed and time components

19
Q

agile supply chain

A

focuses on an organization’s ability to respond to changes in demand with respect to volume and variety

20
Q

perfect order

A

simultaneous achievement of relevant customer metrics such as on time delivery, damage free and correct order quantity

21
Q

lean supply chain

A

focusing on eliminating all waste

22
Q

leagility

A

combo of lean and agile supply chains

23
Q

bullwhip effect

A

variability in demand orders among supply chain members

24
Q

supply chain collaboration

A

cooperative relationships between members of a supply chain (formal or informal) between companies and their suppliers or customers, established to enhance the overall business performance of all parties

25
Q

supply chain partnership

A

tailored business relationship between two supply chain members

26
Q

third party logistics
3PL
logistics outsourcing
contract logistics

A

one company allows a specialist company provide it with one or more logistics functions

27
Q

fourth party logistics
4PL
lead logistics provider
LLP

A

a company whose primary purpose is to ensure that various 3PLs are working toward the relevant supply chain goals and objectives

28
Q

supply chain analytics

A

combines technology with manual employee effort to identify trends, perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved