Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Scm 300 > Exam 1 > Flashcards

Exam 1 Flashcards

1
Q

3 parts of supply chain management

A

Procuring materials
Operations
Moving product to customer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is supply chain management?

A

The efficient integration of suppliers, manufacturers, transporters, distribution centres

It is about efficiency, which is impossible without integration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Supply chain is the _______ of the organisation, marketing and design are the _____

A

Muscles and bones,

Brain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Value formula

A

What did I buy/

What did it cost me

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Productivity formula

A

What did I make/

What was the cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Procurement

A

The process of obtaining services, supplies, and equipment in conformance with organisational regulations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Operations

A

Design, operation, and improvement of production systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Logistics

A

The coordinates planning and execution of preparing, movement, storage, and distribution of a product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are corporation goals

A

Sustainable long term profits and max ROI

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Reverse logistics

A

Flow backward into the supply chain, away from the consumer, and toward manufacturers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Safety stock

A

Protects against uncertainty in demand, lead time. Not intended for use

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Anticipation inventory

A

Held in anticipation of big sales, used to absorb uneven rates of demand or supply

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Pipeline inventory

A

Orders that have been placed but not yet received or paid by customer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Factors for putting together the right team

A

Diversity of opinion
Independence
Decentralisation- allows for specialisation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Total annual cost of inventory

A

Annual cost to purchase inventory+ annual holding cost + annual ordering cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Annual holding cost

A

Average inventory*annual per unit holding cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Annual ordering cost

A

(Demand/lot size) * cost to place each order

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Annual cost to purchase inventory

A

Demand * cost per unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Requisition

A

Communicate a specific need to purchase

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Purchasing process steps

A 
Requisition 
Supplier selection
Place order
Track order
Receive order
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Centralised purchasing

A

Has a purchasing group, takes all orders and makes you happy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Decentralised purchasing

A

They give you a budget and you do the ordering yourself

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Supplier score card

A

Rubric to figure out who to buy from

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Prototypes

A

Options of a product to make

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Cycle time

A

Operating time/

Demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Theoretical minimum # of workstations

A

Sum of task times/ cycle time

Sum of task times= add up #s in flowchart

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Efficiency

A

Sum of task times/ (# of workers* cycle time)

28
Q

Idle time

A

of workers * cycle time - sum of task times

29
Q

Effective cycle time in a flowchart

A

The maximum time within the workstation

30
Q

Candidate

A

Something that has nothing coming before it

31
Q

Planogram

A

Schematic drawing that illustrates product placement to maximise use of shelf space and drive sales

32
Q

Primary packaging

A

Comes in direct contact with end item

33
Q

Air transport

A

Through air, 75 pounds or less

34
Q

Freight

A

Heavier than 75 pounds, air travel

35
Q

4 competitive priorities

A

Cost
Quality
Speed/time
Flexibility

36
Q

Global SCM advantages and disadvantages

A

Lower cost
Skilled labour
Proximity to customers and suppliers

Distance
Culture
Laws
Time zones

37
Q

Supplier/distributor tiers

A

0: manufacturing
1st tier supplier: parts manufacturing
2nd tier supplier: S1:S9

1st tier distributor: industry distributor
2nd tier distributor: retail distributor
3rd tier distributor: retail store

38
Q

3 SCM flows

A

Materials
Money
Information

39
Q

Business model

A

A company’s plan for how it will purchase, transform, deliver and sell things

40
Q

Business model types

A 
B2C
B2B
Land based
Net commerce
Both of above
41
Q

Supply chain visibility

A

Ability to see what is happening with inventory upstream and downstream

42
Q

Core competencies

A

The primary advantages a company has over its competitors

43
Q

7 types of waste

A 
Defects
Overproduction
Transportation
Motion
Waiting
Inventory
Over processing
44
Q

SCM manager 3 goals

A

Satisfy needs of customers, company

Be prepared for future

45
Q

Supply chain strategy

A

Understanding product
Developing business model
Organising right partners

46
Q

Supply chain tools

A 
Supply chain metrics
Info technology
Relationship management
Financial resources
Organisational integration
47
Q

Lead time

A

Time Between customer placing order and receiving it

48
Q

Inventory strategies

A

Insurance
Market needs
Managing costs

49
Q

Stock keeping unit

A

Product or service code used to log sales

50
Q

Pipeline formula

A

Periodic demand x lead time

51
Q

EOQ optimal order size

A

Gives you the lowest TC for cost structure and demand forecast

52
Q

Outsourcing considerations

A 
Location
Infrastructure
Design
Materials
Services
Human elements
Finance
53
Q

Cargo classifications

A

Bulk-free flowing
Breakbulk-packaged
Neo-bulk-mixed

54
Q

Freight shipping terminology

A

TL- full truckload
CL- full container load
LTL- less than truck load
LCL- less than container load

55
Q

Cube

A

Amount of space in a container

Cubing out- limit

56
Q

Weight

A

Heaviness of cargo

Weighing out- limit

57
Q

Intermodal

A

Repackage products instead of unloading for next trip

58
Q

TEU

A

Twenty foot equivalent unit

20 footer = 1 TEU

59
Q

Drop shipment

A

System of retailer, manufacturer, and consumer

60
Q

Last mile

A

Between final holding facility and end consumer

61
Q

Cross docking

A

Distributing from upstream supplier to downstream consumer through distribution center in less than 24 hours

62
Q

Central return center

A

Performs reverse logistics functions related to customer returns

63
Q

Infrastructure

A

Physical structure available for movement of goods through supply chain

64
Q

Orders placed per year

A

Annual demand/ lot size

65
Q

Average inventory

A

Lot size/2

66
Q

Transportation

A 
Road
Rail
Water
Air
Pipeline

Scm 300 (3 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions