DECK 6

Question 1

• Asks more selected group of vendors to provide more specifics on the requirements questions.
• Vendors provides detailed quotes on their pricing
• Expectation that an award will follow

Answer 1

Request for Proposal (RFP)

Question 2

• Does not ask for detailed pricing or costs
• should concentrate on requirements
• used to eliminate vendors
• used to build better RFP

Answer 2

Request for Information (RFI)

Question 3

The evaluation of an assessment; will identify yhe gaps where MMIS does not contribute to the effectives & efficient management of current supply chain.

Answer 3

Gap Analysis

Question 4

• Stand alone software package
• But can come with ERP system
• Creates data records that are important to other information systems

Answer 4

Materials Management Information Systems (MMIS)

Question 5

Software package that combines business processes & data in a uniform information system

Answer 5

Enterprise Resource Planning (ERP)

Question 6

Receiving documents printed without any line item quantity info. Receiver counts each item & enters it manually on the receiving document.

Answer 6

Receiving documents printed without any line item quantity info. Receiver counts each item & enters it manually on the receiving document

Question 7

3 Methods of receiving

Answer 7

Blind, Open, Statistical

Question 8

Uses multiple points of physical delivery of products. Physical delivery is either at near end-use areas. More difficult to implement & control. More conductive to stockless inventory system

Answer 8

Decentralized

Question 9

Uses a single point of physical delivery of products. Easier to implement & control. Works well with a central storage inventory system. Central liaison between customers & suppliers.

Answer 9

Centralized

Question 10

Uses single point of delivery for main facility but direct delivery to outlying sites. Seen in organizations with expensive physical networks or outpatient facilities. Becoming more common.

Answer 10

Hybrid

Question 11

Maximum Supply Level

Answer 11

= Minimum level + Order Qty

Question 12

Minimum Supply Level

Answer 12

= Safety Stock + Lead-time

Question 13

% of line items requisitioned that are successfully supplied to the requisitioning customer

total line item requisitioned / line item furnished to customer

Answer 13

Fill Rate

Question 14

Calculation of supply demand from the time it takes to recognize a need & place an order, to the time an order is received & ready for distribution
Also called: Order Ship-time quantity

Answer 14

Lead-time

Question 15

% of items that cannot be filled because of “stock outs” such as back-ordered items.
Also know as the stock-out ratio or warehouse denial %

Answer 15

Not-In-Stock (NIS)

Question 16

% of lines requisitioned that are placed on back-order & still due to the customer.

Answer 16

Percentage of Back-Orders

Question 17

3 Common Inventory Ratios

Answer 17

Not-In-Stock (NIS)
Fill-Rate
Percentage of Back-Orders

Question 18

Practice of unloading materials from incoming semi-trailer trucks or rail car & loading materials directly into outbound truck, trailers, or rail cars with little or no storage in between.

Answer 18

Cross-Decking

Question 19

An item that comes back into inventory because it does not meet the needs of the customer.

Answer 19

Return

Question 20

A current asset that has been acquired by cash & is yet to be consumed. Stock may also be used to describe.

Answer 20

Inventory