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SC-L1 > Midterm Exam > Flashcards

Midterm Exam Flashcards

1
Q

What is supply Chain

A

Is a connected network of individual,organization,resources,activities and technology involved in the manufacturing and sale of a product or services

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2
Q

Is the process of acquiring materials,components,and services from another firm

A

Purchasing

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3
Q

Supply chain components

A

1.Suppliers
2.Manufacturers
3.Distributors
4.Logistics service providers
5.Retailers
6.Consumers

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4
Q

The five Supply chain drivers

A

1.Production
2.Inventory
3.Location
4.Transportation
5.Information

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5
Q

4 types of SC operstions

A

1.plan
2.source
3.make
4.deliver

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6
Q

Decisions of the supply chain management are independent upon estimates defining which goods are required,what quantity and when these products are required.

A

Forecasting

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7
Q

This refers to the total demand for goods on the market.

A

Supply

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8
Q

This refers to the amount of product available.

A

Demand

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9
Q

Refers to the product features

A

Product characteristics

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10
Q

Refers to the actions of product suppliers

A

Competitive environment

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11
Q

It is a group of strategies that are used to control inventroy levels in various supply chain organizations.

A

Inventory management

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12
Q

Three kinds of inventory plan

A

1.cycle inventory
2.safety inventory
3.seasonal inventory

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13
Q

It is the acquisition procedure used by an organisation to obtain the required products and services.

A

Procurement

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14
Q

Five procurements activities

A

1.purchasing
2.comsumption management
3.vendor selection
4.contract negotiation
5.contract management

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15
Q

Are the means of obtaining the funds a business needs.

A

Credits and collections

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16
Q

The four Rules of order management

A

1.enter the order once and only once

2.automate order routing

3.make order status visible

4.use integrated order management systems

17
Q

The participants in SC

A

1.Producers
-companies producing commodity

2.Distributors
-are companies that take stock of producers in bulk and provide customers with a package of related products lines.

3.Retailers
-store products and distribute them in limited amounts to the general public.

4.Customers
-they buy products

5.Service providers
-some companies provide services to manufacturers,dealers,suppliers and consumers.

18
Q

The six mobile technology in SCM

A

1.warehouse management system
2.retail distributions systems
3.shop floor systems
4.shelf management
5.consumer service systems
6.mobile point of sales (MPOS)

19
Q

Is used to track ,schedule and report on the progress of work in a manufacturing plant

A

Shop floor systems

20
Q

Made up of portable device that links to the wireless local area network (LAN)

A

Mobile point of sales (MPOS)

21
Q

The five strategic supply chain process

A

1.Product development
2.Customers
3.Manufacturing
4.Suppliers
5.Logistics

22
Q

Is the systematic and the strategic coordination management for supplying goods and products required by the end customer

A

Supply chain management

23
Q

The use of prices can affect demand over time in businesses and whole supply chain

A

Product pricing planning

24
Q

This happen when, in expectation of potential demand ,an organization or supplu chain with a certain profitable capacity plans to manufacturers and store goods

A

Safety inventory

25
Q

The inventroy is necessary for fulfilling commodity requirements during the interval between ordering for the product

A

Cycle inventory

26
Q

The volatality in a supply chain must be compensated.

A

Seasonal inventory

27
Q

Capture the order as similar as possible to the original source remotely.

A

Enter the order once and only once

28
Q

Send orders immediately to convinient delivery point.

A

Automate order routing

29
Q

Allow consumers and service agents to immediately view the details on the order status if they choose to

A

Make order status visible

30
Q

To protect data integrity,associate order management systems electronically with other similar systems

A

Use integrated order management systems

SC-L1 (1 decks)

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