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HIS Finals > Supply Chain Management > Flashcards

Supply Chain Management Flashcards

1
Q

Refers to a subset of supply chain management

A

Material Management

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2
Q

The sequence of events (linkages) that help a commodity move from manufacturing to market (e.g. people, equipment, transportation modes, and technology)

A

Supply Chain Management

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3
Q

T or F: Clinical laboratory test orders depend on the volume of patients, the types, and frequencies of requested lab tests

A

True

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4
Q

A category of supply chain management that’s all about speed and cost-cutting

A

Efficiency Category

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5
Q

A category of supply chain management where manufacturers produce various products for many industries

A

Responsive Category

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6
Q

Model of the Supply Chain Management:

→ offers stability in high-demand situations (product variation is very little)
→ the market doesn’t change very often—production is predictable
→ one of the most traditional models
→ e.g. Pepsi Corporation

A

Continuous Flow Model

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7
Q

Model of the Supply Chain Management:

→ manufacturing products that are trendy with short life cycles
→ products change quickly before the trends end (e.g. seasonal offers)
→ e.g. Nike

A

Fast Chain Model

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8
Q

Model of the Supply Chain Management:

→ best for businesses that are very competitive in markets
→ develops products relatively similar to its competitors and sells it to the same market as their rivals
→ e.g. General Mills (cereal brand)

A

Efficient Chain Model

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9
Q

Model of the Supply Chain Management:

→ produces specific products that cater to the various needs of the client
→ should have specific instructions from the clients before placing the order
→ combination of the agile and continuous flow model (hybrid model)
→ deals with downstream processes (distribution of goods)
→ e.g. LL Bean (backpacks)

A

Custom Configured Model

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10
Q

Model of the Supply Chain Management:

→ ideal for specialty-order items
→ the process is continuous and quick no matter if production processes and trends are good or bad
→ components include: virtual integration, process alignment, a network base, and market sensitivity
→ e.g. Zara

A

Agile Model

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11
Q

Model of the Supply Chain Management:

→ gives the business the ability to meet the demands during high peaks for prolonged periods of time
→ able to cope up with the variability in client preferences
→ components include: part segmentation, accurate stocking algorithms, and flexible planning
→ e.g. staplers, paper, writing materials, etc.

A

Flexible Model

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12
Q

The three models under the Efficiency Category

A
  • Continuous Model
  • Fast Chain Model
  • Efficient Chain Model
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13
Q

The three models under the Responsive Category

A
  • Custom Configured Model
  • Agile Model
  • Flexible Model
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14
Q

Refers to getting the finished product from the manufacturer to the consumer

A

Distribution Channels

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15
Q

HMO stands for?

A

Health Maintenance Organization

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16
Q

IDN stands for?

A

Integrated Delivery Network

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17
Q

T or F: It is cost-efficient to invest in information systems

A

True

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18
Q

T or F: More humans involved in the system means less potential errors

A

False (more humans = more room for error)

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19
Q

Refers to the movement, storage, flow of goods, services, and information within the supply chain

A

Logistics Supply Chain

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20
Q

A concept describing the full chain of business activities in the creation of a product or service—from production to the market and everything in between

A

Value Chain

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21
Q

Refers to the actual physical amount of an item in stock

A

Quantity on Hand (QoH)

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22
Q

Refers to “QoH - reservations to the stock + any stock of orders on the way”

A

Available Stock

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23
Q

Is determined by reviewing the previous purchase history of each supply material coupled with an understanding of the time needed for new desired material to arrive on the correct time on a regular basis

A

Desired Quantity on Hand (DQoH)

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24
Q

Is determined by taking into account the usage and consumption rate of each supplied material

A

Reorder Point (ROP)

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25
Q

Formula of Quantity to Order:

A

DQoH - QoH

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26
Q

LMIS stands for?

A

Logistics Management Information System

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27
Q

A system of records and reports (may be paper-based or electronics) used to aggregate, analyze, validate, and display data that can be used to make logistic decisions and manage the supply chains

A

Logistics Management Information System (LMIS)

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28
Q

LMIS digital tool that tracks product consumption

A

Dispensing or Point of Service (POS) Systems

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29
Q

LMIS digital tool that is used for reporting and visualizing data

A

Electronic LMIS

30
Q

LMIS digital tool for inventory control

A

Warehouse Management Systems (WMS)

31
Q

LMIS digital tool for product transportation

A

Fleeting Management Systems

32
Q

LMIS digital tool for load and route planning

A

Distribution Planning Systems

33
Q

LMIS digital tool that mainly manages core functions including finances, human resources, procurement, sales, and others

A

Enterprise Resource Planning Systems

34
Q

Refers to a published invitation to suppliers to tender its bid during the procurement process

A

Contract Notice

35
Q

Automates the entire procurement cycle from creating a purchase order document to finally receiving the goods and making the payment

A

Purchasing Software

36
Q

Feature of purchasing softwares that validates recorded transactions

A

Audit Trails

37
Q

Feature of purchasing softwares that keeps a vigil on all people associated with purchasing and making sure they adhere with terms and conditions

A

Compliance Management

38
Q

Feature of purchasing softwares referring to legal documents that define the terms and conditions of purchase, agreed price, mode of payment, etc.

A

Contract Management

39
Q

Feature of purchasing softwares that streamlines inventory levels

A

Inventory Management

40
Q

Feature of purchasing softwares that strengthens and manages the relationship with the suppliers

A

Supplier Management

41
Q

Feature of purchasing softwares that manage the supplier’s invoice unless they get complete payment for the goods dispatched

A

Invoice Processing

42
Q

Feature of purchasing softwares where purchase orders and invite quotations come from multiple suppliers

A

Request for Quotation

43
Q

Feature of purchasing softwares that manages a purchase catalog

A

Purchase Order

44
Q

Feature of purchasing softwares that negotiates optimum price between the buyer and supplier

A

Sourcing Management

45
Q

Feature of purchasing softwares that gains control over spending to make sure the agreed price is being followed

A

Spend Management

46
Q

Feature of purchasing softwares that tracks expenditure and views the spending analytics through graphs and statistics

A

Spend Dashboard

47
Q

Cloud-based software that enables finding, buying, and managing the spends on goods and services completely online

A

eProcurement Solutions

48
Q

2 Activities of eProcurement Solutions

A
  • Transactional
  • Strategic
49
Q

Activity of eProcurement Solutions where tasks are performed regularly and contribute towards the smooth running of each function

A

Transactional Procurement Activities

50
Q

Activity of eProcurement Solutions related to achieving the overall aims and objectives of the procurement function

A

Strategic Procurement Activities

51
Q

An automated process across all supplier chains that speeds up logistics timelines and eliminates manual errors

A

Electronic Data Interchange (EDI)

52
Q

A core function of supply chain management involving the planning and execution of supply chains to meet the material requirements of a company or organization

A

Materials Management

53
Q

Type of material management that directly affects profits—the lower the amount of material used, the lower the cost of production and the more profit is delivered

A

Material Requirements Planning

54
Q

What is another term for Material Requirements Planning?

A

JIT - Just In Time Strategies

55
Q

Type of material management that should be done economically and on time

A

Purchasing

56
Q

Type of material management that can include a range of goods being held including partially finished items, goods ready for sale, and those used in production

A

Inventory Control

57
Q

Type of material management that requires materials to be distributed to different sites or production centers, each of which needs to be continuously supplied

A

Material Supply Management

58
Q

Type of material management where good quality materials lead to good quality products

A

Quality Control

59
Q

Refers to supplies stored at the very location where it will be used

A

Point of Use Inventory

60
Q

LIMS stands for?

A

Laboratory Inventory Management Softwares

61
Q

T or F: LIMS cannot support data input or import from Excel or third-party data systems

A

False (they can)

62
Q

What LIMS is this?
→ global leader in laboratory information management systems
→ has over 3,000 customers with a 98% satisfaction rate
→ clients include: NIH, USDA, Pfizer, Hershey, Caterpillar, and Chevron

A

LabWare LIMS

63
Q

What LIMS is this?
→ offers an all-in-one solution for all medical laboratory and diagnostics businesses
→ effectively handles lab, finance, patient, and B2B relationship operations from one platform
→ compliant with HIPAA & ISO

A

CrelioHealth for Diagnostics

64
Q

What LIMS is this?
→ world’s leading lab productivity solution for small and medium-sized R&D organizations
→ manages the unique workflow of a laboratory

A

Quartzy

65
Q

What LIMS is this?
→ trusted worldwide by labs and biorepositories since 1987
→ has unparalleled accuracy, accessibility, and configurability
→ streamlines the workflow of facilities to efficiently request, ship, and assay sample inventory

A

Freezerworks

66
Q

What LIMS is this?
→ accelerates life sciences R&D and promotes scientist collaboration without the heavy workload
→ produces faster therapeutic breakthroughs
→ centralizes and streamlines the R&D lifecycle—data acquisition and project documentation to inventory management and reporting

A

Genemod

67
Q

What LIMS is this?
→ flexible, modern, and user-friendly LIMS utilized by research labs worldwide
→ supports CLIA and ISO 17025
→ defines the lab storage framework by using a variety of location options: rooms, storage units, shelves, racks, boxes, and positions

A

Lockbox LIMS

68
Q

What LIMS is this?
→ offers strong data security, complimentary unlimited tech support, instrument integrations, and many more to automate workflows
→ compliant with: ISO/IEC 17025:2017, GLP, 21 CFR Part 11, HIPAA, and many more

A

CloudLIMS

69
Q

What LIMS is this?
→ specifically built to target the needs and challenges of the Healthcare Diagnostic Industry
→ manages suppliers, payments, purchases, stock at the management and department level, automatic stock consumption, and many more

A

Crelio Inventory

70
Q

What LIMS is this?
→ a complete laboratory sample management software solution which virtually manages samples, sources, and storage

A

ItemTracker

HIS Finals (6 decks)

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