Brainscape's Knowledge GenomeTM

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


See full index

Peyton Riley > SCMN Management of Business Processes > Flashcards

SCMN Management of Business Processes Flashcards

1
Q

Who is the most important participant in the supply chain?

A

The Consumer

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

Identify three companies that you think have great supply chains:

A

Amazon, Walmart, Target

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

What are the seven rights of supply chain management?

A

right product
right customer
right time
right place
right condition
right cost

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

What are the three key flows of a supply chain?

A

product, information, financial resources

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

The goal of supply chain is to get products to market effectively and efficiently…

A

Better, faster, cheaper than your competition

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

Who’s involved in the supply chain

A

Suppliers, manufacturers, distributors, retailers, customers

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

T/F consumer demand should drive activity across the supply chain

A

True

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

Challenges of supply chain are

A
  • product life cycles are shrinking
  • customers are demanding customized products
  • competition is intensifying
  • companies need to be much more efficient
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Centralized activities:

A

Are concentrated at a single node. The network is designed around it.
Example: L. L. Bean

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

Decentralized activities:

A

Similar activities take place at multiple regional nodes that make up the overall network
Example: Kroger

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

What does SCM involve

A

Supply Chain Management includes all the activities that take place to get a product in your hands - from raw materials extraction to production and final goods delivery.

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

What factors tend to pull facilities away from its main markets?

A

severe traffic congestion

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

____ converts the master schedule of production into a detailed schedule, so that you can purchase raw materials and components.

A

Materials requirement planning

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

The _____ is the plan that a company develops for production, staffing, or inventory.

A

Master production plan

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

Is not one of the key priorities of Sales and Operation Planning

A

Creating independent forecasts and action plans.

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

T/F… All supply chains are constructed in a similar fashion with the same number and types of participants.

A

False

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

T/F… Auburn has an RFID lab that work on Supply chain solutions like product tracking and visibility

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

*The rate at which output can be produced by an operating unit
*Ex: Machine, process, facility, company, restaurant, movie theater, airplane, etc.

A

Capacity

19
Q

The process of establishing the output rate that can be achieved (throughput)

A

capacity planning

20
Q

capacity planning and management

A

Goal is to match capacity and demand

21
Q

*National
*Lower investment
*Lower level Lower cost
*Higher cost Effective

A

centralized

22
Q

the single node controls customer interaction, the
flow of goods, and other key activities on a national basis
* Benefits
* Lower safety stock levels
* Lower overhead costs
* Economies of scale
* Challenges
* Longer lead times
* Higher delivery costs
* Potential inefficiencies

A

centrazlied network

23
Q

T/F… Companies that have an effective sales and operations planning process increase their visibility across their enterprise, improve product management, and minimize unnecessary buildups of inventory.

A

True

24
Q

Suppliers to dock, dock to truck. preorganized
* moderate inventory held at store
* low handling costs
* low facility costs

A

cross docks

25
Q

*Regional
*Greater investment
*Higher level Higher cost Lower cost Highly effective

A

decentralized

26
Q

Each node controls customer interaction, the flow of
goods, and other key activities within its region
* Benefits
* Shorter lead times
* Better customer service
* Lower delivery costs
* Challenges
* More safety stock
* Higher overhead costs
* Fewer economies of scale

A

decentralized network

27
Q

Supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs

A

direct delivery

28
Q

Items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment

A

distribution center

29
Q

A fixed point in a supply chain where goods are processed, mixed, held, or sold

A

node

30
Q

The forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand

A

supply chain planning

31
Q

Capacity < Demand

A

Risk = inventory shortage

32
Q

The transportation method used to connect the nodes (plants, warehouses, stores) in a supply chain.

A

link

33
Q

Network design characteristics

A

centralized/decentralized

34
Q

T/F… The primary benefit of a decentralized supply chain network is customer proximity and the main drawback is a need for larger inventory safety stock.

A

true

35
Q

Sales and Operations Planning

A

The heart of balancing supply and demand, and aligning the company around a common financial, demand and supply plan. The overall result of the S&OP process is that a single operating plan is created that identifies the allocation of company resources, including time, money and employees.

36
Q

*Job assignments
*Ordering
*Job scheduling Dispatching

A

short-range planning

37
Q

T/F… Short term planning focuses on current supply chain issues. This involves planning your immediate needs - scheduling people, sequencing production, and developing delivery routes.

A

true

38
Q

T/F… Short term planning focuses on current supply chain issues. This involves planning your immediate needs - scheduling people, sequencing production, and developing delivery routes.

A

true

39
Q

T/F… Supply chain management mainly focuses on the creation, movement, and storage of products. However, it is also important to think about SCM strategy, people issues, and information.

A

true

40
Q

T/F… Unlike forecasting which focuses on day-to-day planning, scheduling is a mid-range tactical activity that develops plans across months and quarters.

A

false

41
Q

centralized

A

*National
*Lower investment
*Lower level Lower cost
*Higher cost Effective

42
Q

In which sequencing method do companies coordinate supply chain processes based upon meeting deadlines in a timely fashion?

A

earliest due date

43
Q

(T/F) You should always forecast component parts
(Dependent Demand items).

A

False

44
Q

The S&OP process begins with the Demand Forecast (Account Projections) generated by the
_____________ Department.

A

Sales/Marketing

Peyton Riley (5 decks)

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