Final suply opp ch 15 Flashcards
what is supply chain management
the management of the sequence of internal and external facilities, functions, and activities that are involved in producing and delivering a product or service.
what is a supply chain
the sequence of organizations - their facilities, functions, and activities that are involved in producing and delivering a product or service
What is?
Supply chain integration
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.
What is a supply chain manager
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.
What is procurement
The process of purchasing products and services for an organization and is often called purchasing or supply management.
What is logistics
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.
What is risk management
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
What is risk management
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
What ia risk reduction
Replacing unreliable suppliers.
What is risk sharing
Contractual arrangements with supply chain Partners that spread the risk.
What is risk sharing
Contractual arrangements with supply chain Partners that spread the risk.
What is resiliency
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.
What should integrating with a supply chain include
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
What is the purchasing department do
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%.
What are operations
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.
What is accounting
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.
What is design and engineering
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.
What is recieving
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.
What are suppliers
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?
What are suppliers
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?
What are the main steps in the purchasing cycle
One purchasing receives the requisition 2 purchasing. Select a supplier 3 purchasing places the order with a vendor for monitoring orders 5 receiving orders.
What is centralized purchasing
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.
What is decentralized purchasing
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.
What is e business
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.
