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Recitation > Supply Chain Management > Flashcards

Supply Chain Management Flashcards

1
Q

A supply chain is a system of organizations, people, technology,activities, information and resources _____ in _____ a product or service from supplier to customer.

A

INVOLVED, MOVING

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2
Q

Manufacture quality products at the lowest imaginable controllable cost.

A

PLANT MANAGEMENT

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3
Q

It focuses on the raw materials supplied to manufacturing, including how, when, and from what location.

A

SUPPLY

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4
Q

Used products may re-enter the supply chain at any point where residual value is recyclable.

A

SOPHISTICATED SUPPLY CHAIN SYSTEMS

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5
Q

Decision at this level affect how the product move along the supply chain.

A

OPERATIONAL

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6
Q

This type of strategy is beneficial to organizations in accounting for company expenditure and improving organizational functions.

A

COST REDUCTION

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7
Q

Who proposed the Four “P” classification in 1960

A

McCarthy

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8
Q

What is the formula for Return on Assets Effect (ROA)?

A

ROA = NET INCOME/TOTAL ASSETS

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9
Q

Flow includes moving goods from supplier to consumer, as well as dealing with customer service needs

A

PRODUCT

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10
Q

Another word for Supply Management?

A

PROCUREMENT

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11
Q

It determines the supply chain performance. For each of these, managers must make tradeoffs between efficiency and responsiveness.

A

SUPPLY CHAIN DRIVERS

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12
Q

This includes moving goods from supplier to consumer, as well as dealing with customer service needs.

A

PRODUCT FLOW

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13
Q

Decisions are typically updated anywhere between once every quarter and once a year.

A

TACTICAL

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14
Q

It is a place where everything is stored, manufactured or assembled.

A

FACILITIES

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15
Q

The financial flow Includes?

A

PAYMENT SCHEDULES, CREDIT TERMS AND ADDITIONAL ARRANGEMENTS

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15
Q

What does SWOT analysis stand for?

A

STRENGTH, WEAKNESSES, OPPORTUNITIES, AND THREATS

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16
Q

Define supply management as: the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities.

A

THE COUNCIL OF SUPPLY CHAIN MANAGEMENT PROFESSIONALS

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17
Q

Is slow and prone to errors due to duplication of data entries during various stages of the purchasing process.

A

MANUAL PURCHASING SYSTEM

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18
Q

The two-way exchange of information and ideas with the customer through an online interface, which enhances the richness of customer relationship.

A

INTERACTIVITY

19
Q

The average amount of inventory used to satisfy demand between receipt of supplier shipments.

A

CYCLE INVENTORY

20
Q

Organizational policy and structure in which the authority and responsibility for most supply management related functions and decisions are assigned to individual functions or managers.

A

Decentralized Purchasing

21
Q

It is where individual local purchasing departments, such as at plant level, make their own purchasing decisions.

A

Decentralized Purchasing

22
Q

Encompasses the planning and management of all activities involved in sourcing and procurement,demand and replenishment and all logistics management activities including costumer service.

A

SUPPLY MANAGEMENT

23
Q

It was developed in the 1970’s to improve the purchasing process.

A

ELECTRONIC DATA INTERCHANGE (EDI)

24
Q

It shows how many times a firm’s inventory is utilized and replaced over an accounting period, such as year.

A

INVENTORY TURNOVER

25
Q

Where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.

A

DECENTRALIZED PURCHASING

26
Q

What are the three (3) levels of supply chain management that different parts of the company will focus on?

A

STRATEGIC, TACTICAL, OPERATIONAL

27
Q

Purchase raw materials for convention, services, capital equipment and operating supplies.

A

INDUSTRIAL BUYERS

28
Q

It measures the impact of a change in purchase spends on a firm’s profit before taxes, assuming gross sales and other expenses remain unchanged.

A

PROFIT-LEVERAGE EFFECT

29
Q

Can be defined as the total profit shared by all the stages and intermediaries of a supply chain.

A

SUPPLY CHAIN SURPLUS

30
Q

it involves the gathering of facts, data, observation and trends about the marketplace in which suppliers conduct business.

A

SUPPLY CHAIN MARKET ANALYSIS

31
Q

It analyzes the technology used, how the organization is structured, the skill level of the practitioners, and the processes used throughout the cycle.

A

SPEND MANAGEMENT

32
Q

It consists of Data and results of analysis regarding inventory, transportation, facilities, customer orders, and funds.

A

INFORMATION

33
Q

Give two (2) barriers of supply chain management.

A

CROSS-FUNCTIONAL CONFLICTS, RESISTANCE TO CHANGE

34
Q

it is a decision that affect both responsiveness and efficiency of a supply chain, determines what function a firm performs and what functions the firm to procure goods/services from non union suppliers.

A

SOURCING

35
Q

A well-defined strategy that entails procuring products and services from an expensive range of international suppliers.

A

GLOBAL SOURCING

36
Q

A useful model that identifies three key features of e-business that are enabled through technology, as an extension of the traditional 4P’s Marketing Model.

A

MARKETSPACE MODEL

37
Q

It can be defined as the act of obtaining merchandise, capital equipment, raw materials, services, or maintenance repair and order (MRO), supplies in exchange for money or its equivalent.

A

PURCHASING PROFESSION

38
Q

the term marketing matrix became popular after _______ published his 1964 article, The Concept of marketing Matrix.

A

NEIL H. BORDEN

39
Q

Is the amount of consumers that are willing to pay for what a company provides and it measured by total revenue.

A

VALUE

40
Q

Build up to counter predictable seasonal variability in demand.

A

SEASONAL INVENTORY

41
Q

Strategic tools used by procurement and supply chain professionals to identify and minimize supply risks

A

THE KRALJIC MATRIX

42
Q

It shows how many firms is utilized and replaced over an accounting period, such as year.

A

INVENTORY TURNOVER EFFECT

43
Q

All of the communications that a marketer may use in the marketplace, advertising, public relations, personal selling and sales promotion.

A

PROMOTION

44
Q

Place where inventory is stored, manufactures and assembled

A

FACILITIES

45
Q

Organizational policy and structure in which the authority and responsibility for most supply management staff is all physically located in one place.

A

CENTRALIZED PURCHASING

Recitation (2 decks)

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