Brainscape's Knowledge GenomeTM

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


See full index

SCM > Lesson 5 > Flashcards

Lesson 5 Flashcards

1
Q

this includes supply chain visibility, simultaneous resource consideration, and resource utilization

A

supply chain planning

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

this visibility is about location and status inventory

A

supply chain visibility

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

what consideration includes jointly balance supply chain in terms of demand, capacity, material requirements, and constraints, and jointly balance supply chain assets such as raw materials, production, storage, and transportation?

A

simultaneous resource consideration

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

use of plant and equipment resources, production run lengths, set-ups, and complete trade-off assessment

A

resource utilization

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

TRUE OR FALSE

The supply chain planning objectives within the firm are to develop a consistent forecast and balance supply and demand

A

true

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

TRUE OR FALSE

The supply chain planning objective exchange demand and inventory availability info with their supply chain partners

A

true

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

TRUE OR FALSE

The supply chain planning objective DOES NOT NEED to develop consistent inventory availability

A

false

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

4 planning applications of Supply Chain

A

demand planning
production planning
logistics planning
inventory deployment

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

forecasting of unit sales by geography and product

A

demand planning

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

development of a manufacturing plan considering resource availability

A

production planning

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

3 manufacturing strategies in production planning

A

MTO, ATO, MTS

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

coordinating overall movement demand, vehicle availability, and transportation expense

A

logistics planning

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

coordinating product demand with the ability to produce and ship product to consumer

A

inventory deployment

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

An internal-to-firm demand collaboration process where individuals from operations-focused and customer-facing processes collaborate to develop a coordinated plan for
responding to customer requirements within the resource constraints of the enterprise

A

Sales & Operations Planning (S&OP)

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

this collaboratively establishes a coordinated plan for responding to customer requirements

A

S&OP

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

TRUE OR FALSE

One of the benefits of S&OP is that it increases forecast accuracy and improves customer service and perfect order percent

A

true

17
Q

what are the barriers to effective S&OP

A
  • disconnect bet. S&OP and corpo strategy
  • unrealistic “single number”
  • biased leader
18
Q
A
18
Q

what system focuses on component, considers network of plants, distribution centers, and customers, and requires links for lead times

A

advanced planning and scheduling

19
Q

what are the 4 APS System Components

A

demand management
resource management
resource optimization
resource allocation (ATP, CTP)

20
Q

why is balance hard to achieve?

A

because supply and demand have different objectives in terms of operations and customer facing

21
Q

coordinates the requirements planning process between supply chain partners for demand creation and demand fulfillment activities

A

collaborative planning, forecasting, and replenishment (CPFR)

22
Q

identifies how suppliers can enhance customer value. facilitates joint product innovation and development, enhance the relationship between firm and supplier

A

supplier integration

23
Q

facilitates customer segmentation with key customers, allows firms to customize products and delivery capabilities

A

customer integration

24
Q

defines as what is projected to be sold, when, and where

A

forecasting

25
Q

this achieves enhanced service or reduced inventory

A

forecasting

26
Q

3 requirements of forecasting

A

collaborative planning
requirements planning
resource management

27
Q

6 forecast components (BSTCPI)

A

base
seasonal
trend
cyclical
promotional
irregular

28
Q

major factors influencing forecasts (PPFPNC)

A

promotions
price changes
financial requirements
product substitution
new product introductions
competitive actions

29
Q

forecast DATABASE > forecast PROCESS > forecast USERS

A

forecast management process

30
Q

5 forecasting techniques

A

moving average
exponential smoothing
time series
regression
multi-variate

31
Q

unweighted ave. of the previous periods sales

A

moving average

32
Q

exponentially weighted moving average using smooth constants to place greater weights on more recent demands

A

exponential smoothing

33
Q

use time period as the independent variable to predict future demands

A

time series

34
Q

uses other independent variables such as promotion plans, prices, etc

A

regression

35
Q

uses more complex statistical techniques to identify complex demand history

A

multi-variate

SCM (12 decks)

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