Exam Flashcards
Balancing supply and demand
Internal
- Price
- Lead Time
External
- Inventory method (first in first out)
- Production flexibility method
Forecasting demand
Independent
-Single product
Dependent
-Broken up into multiple units
Customer base by profitability*
-Build
Low cost/low sales
-Cost engineer
High cost/high sales
-Danger zone
High cost/low sales
-Protect
Low cost/high sales
Four Measuring metrics*
Internal
- Item Fill rate
- Line fill rate
External
- Perfect order
- Order fill rates (satisfied orders)
Push and pull inventories*
Push
- Inventory supplies goods in lead to forecast and future demand
- High inventory
Pull
- Inventory are influenced by customers to stock items
- Low/ No inventory
Role of distribution in SCM*
Accumulate
Sorting
Allocating (ships of available goods)
Assortment (mix n’ match)
Importance of information*
Information sharing
Accessibility to information
Increased flexibility
Real time information
Feedback
Facilitate globalisation
Supply chain integratin
Retail vs non retail items
Retail
- Scanned with POS
- Sold in small quantity
Non Retail
-Never scanned with POS
Radio Frequency Identification Devices (RFID)
Used for automatic detection of a wide range of items
Types of tags from RFID
Active
- Last 10 years
- Power themselves
- Can transmit data from long ranges
Passive
- Powered by magnetic fields or electrical currents
- Inexpensive
Vertical and Horizontal relationships*
Vertical
-Linkage of firms from up down Ex, Management, suppliers, distributes
Horizontal
- Business agreements that have parallel or cooperating positions
Relationship perspective*
Transnational
-Vendor
Collaborative
-Partner
Strategic
-Strategic alliance
3PL*
External suppler that does logistic functions
Types of 3pl’s*
Transport
Finance
Information
Warehouse
Subdivision of Logistics
Business
Military
Events
Service
