Final suply opp ch 15

Question 1

what is supply chain management

Answer 1

the management of the sequence of internal and external facilities, functions, and activities that are involved in producing and delivering a product or service.

Question 2

what is a supply chain

Answer 2

the sequence of organizations - their facilities, functions, and activities that are involved in producing and delivering a product or service

Question 3

What is?
Supply chain integration

Answer 3

The strategic coordination of business functions within a business organization and throughout It’s supply chain for the purpose of integrating supply and demand management.

Question 4

What is a supply chain manager

Answer 4

People at various levels of the organization who are responsible for managing supply and demand both within and across business organizations. They are involved with planning and coordinating activities that include sourcing and procurement of materials and services, transformation, activities and logistics.

Question 5

What is procurement

Answer 5

The process of purchasing products and services for an organization and is often called purchasing or supply management.

Question 6

What is logistics

Answer 6

Involves the forward and reverse flow of goods, services, cash and information logistics management includes management of inbound and outbound transportation material, handling warehousing inventory border fulfillment and distribution. Third party logistics and rivers logistics.

Question 7

What is risk management

Answer 7

It involves identifying risks and assessing their likelihood of occurring and their potential impact and then developing strategies for addressing those risks. Strategies can pertain to risk avoidance risk reduction and risk sharing with supply chain partners

Question 8

What is risk management

Answer 8

It involves identifying risks and assessing their likelihood of occurring and their potential impact and then developing strategies for addressing those risks. Strategies can pertain to risk avoidance risk reduction and risk sharing with supply chain partners

Question 9

What ia risk reduction

Answer 9

Replacing unreliable suppliers.

Question 10

What is risk sharing

Answer 10

Contractual arrangements with supply chain Partners that spread the risk.

Question 11

What is risk sharing

Answer 11

Contractual arrangements with supply chain Partners that spread the risk.

Question 12

What is resiliency

Answer 12

The ability of a business to recover from an event that negatively impacts the supply chain recovery is a function of the severity of the impact and the plans that are in place to cope with the event. Businesses can reduce but not eliminate the need for resiliency by managing risks.

Question 13

What should integrating with a supply chain include

Answer 13

Includes aligning the organizations to trichechic values with other supply chain members. As such, every company should develop an ethical supply chain code to guide behavior a code should cover behaviors that involve customer suppliers, suppliers behaviors contract negotiation, recruiting and environmental issues

Question 14

What is the purchasing department do

Answer 14

Responsible for coordinating what the supply chain to obtain the materials. Parts supplies and services needed to produce a product or provide. A service you can get some idea of the importance of purchasing when you consider that. In manufacturing upwards of 60% of the cost to finish goods comes from purchasing parts and materials. The percentage for purchase inventories are even higher for retail and wholesale companies sometimes exceeding 90%.

Question 15

What are operations

Answer 15

Constitute the main source of request for purchasing materials and close corporation between these units and the pursuit of the same department is vital. If quality quantity and delivered goals are to be met, cancelations, changes in specifications or changes in quantity or delivery times must be communicated immediately for purchasing to be effective.

Question 16

What is accounting

Answer 16

Responsible for handling payments to suppliers and must be notified promptly when goods are received to take advantage of possible discounts in many firms. Data processing is handled by the accounting department, which keeps inventory records. Checks invoices and monitors Ender performance.

Question 17

What is design and engineering

Answer 17

Usually prepare material specifications which must be communicated to purchasingbecause of its contacts with suppliers. Purchasing is often in a position to pass information about new products and material improvements on 2 design personnel also design. And purchasing people may work closely to determine whether changes specifications, design or materials can reduce the cost of purchased items.

Question 18

What is recieving

Answer 18

Checks.
Incoming shipments Of purchase items to determine whether quality quantity and timing Objectives have been met and it moves the goods to temporary storage. Purchasing must be notified when shipments are late. Accounting must be notified when shipments are received so that payments can be made and both purchasing. And accounting must be appraised of current information on continuing vendor evaluation.

Question 19

What are suppliers

Answer 19

We’re vendors work closely with purchasing to learn what materials will be purchased? In what kind of specifications will be required in terms of quality quantity and deliveries?

Question 20

What are suppliers

Answer 20

We’re vendors work closely with purchasing to learn what materials will be purchased? In what kind of specifications will be required in terms of quality quantity and deliveries?

Question 21

What are the main steps in the purchasing cycle

Answer 21

One purchasing receives the requisition 2 purchasing. Select a supplier 3 purchasing places the order with a vendor for monitoring orders 5 receiving orders.

Question 22

What is centralized purchasing

Answer 22

Purchasing is handled by one special apartment. It may be able to obtain lower prices than decentralized units if the higher volume created by combining orders enables it to take advantage of quantity. Discounts offered on large orders. Centralized purchasing may be able to obtain better services or encloser. Attention from empires and often enables companies to assign certain categories of items to specialists who tend to be more efficient because they are able to concentrate their efforts on relatively few items instead of spread themselves across. Many items.

Question 23

What is decentralized purchasing

Answer 23

Individual departments or separate locations handle their own purchasing requirements. It has the advantage of awareness of differing local needs and better able to respond to those needs. They usually can offer quicker responses than centralized. Just saying may also be able to save on transportation costs by buying locally.
Delete, which does goodwill for the community.

Question 24

What is e business

Answer 24

Refers to the use of electronic technology to facilitate business transactions involves interaction of different business organizations as well as the interaction of individuals with business organizations. Applications include buying and selling email order. And shipment tracking and electronic data interchaused to promote their products or services and provide information about them.

Question 25

What are supplier audits

Answer 25

Keeping current on supplier’s production or service capabilities, quality and delivery problems and resolutions and suppliers. Performance on their criteria. Management.
Style quality assurance materials management. The design process used process improvement policies and procedures for corrective action and follow-up.

Question 26

What is suppliers certification

Answer 26

A detailed examination of a supplier’s policies and capabilities. It verifies that a supplier meets or exceeds the buyer’s requirements. It is particularly important when buyers are seeking to establish a long-term relationship with suppliers.

Question 27

What is order fulfillment

Answer 27

Refers to the process involved in responding to customer orders. Fulfillment time can be an important criteria for customers. It is often a function of the degree of customization required.

Question 28

What is make to order MTO

Answer 28

A standard product design is used but production of the final product is linked to the final customer specification. Fulfillment time is generally less than with ETO fulfillment, but still fairly long

Question 29

What is assemble to order ATO

Answer 29

Products are assembled to customer specifications from a stock of standard and modular components. The film at times are fairly short often a week or less.

Question 30

What is make to stock (MTS)

Answer 30

Production is based on a forecast and products are sold to the customer from finished. Good stock. This approach is used in department stores and supermarkets. The order for film at time is immediate. Avariation of this is e-commerce. Although goods have already been produced, there is a lag in fulfillment to allow for shipping.

Question 31

What is logistics

Answer 31

The movement of materials services cash and information in a supply chain. Includes movement within a facility oversight and incoming and outgoing shipments of goods and materials. And informational flow throughout the supply chain.

Question 32

What ia traffic managemeng

Answer 32

A function that handles schedules and decisions on shipping methods and times taking into account of various Alternatives, government regulations that need the organization relative to quantities and timing, and external factors such as potential shipping delays or disruptions.

Question 33

What is radio frequency identification ( RFDI)

Answer 33

A technology that uses radio waves to identify objects such as goods and supply chains through an R. FI d tag that is attached to an object. The tag has an integrated circuit and an antenna that projects information or other data network connected R FI d readers. Using radio waves, the tags can be attached to palates, cases or individual items.

Question 34

What is strategic sourcing

Answer 34

A systematic process for analyzing the purchase of products and services to reduce costs by reducing waste and non value-added activities. Increase profits, reduce risks and improve supplier performance. It also seeks to consolidate purchasing power to achieve lower prices. Relies on fewer suppliers and collaborative relationships works to eliminate redundancies, and employees cross functional teams to help overcome traditional organizational barriers.