Test 4 Blueprint Flashcards
The design and management of flows of products information and funds through the supply chain
Supply Chain Management
Network of all entities (tiers, stages) involved in producing and delivering a finished product to the final customer
Supply Chain
What are the Upstream stages of the supply chain in order?
Suppliers, Producers, Wholesalers/ Distributors, and Retailers
What is the one downstream stage of the supply chain?
Customers
What is the flow/ stages of the supply chain?
Tier 2 Suppliers to Tier 1 Suppliers to Manufacturers to Distributors to Retailers and then to the Customer
What are the three scm activities
Coordination
Information Sharing
Collaboration
This scm activity focuses on the movement of goods and services and the funds through the supply chain - flow from both directions
Coordination
This scm activity focuses on sharing relevant information among members of SC (demand and sales forecast, point of sale data, promotional campaigns, inventory levels – allows entire chain to work in unison
Information Sharing
This scm activity focuses on jointly planning, operating, and executing business decisions as only one entity. Improves quality throughout the chain
Collaboration
The fluctuation and distortion of information increases as it moves up the supply chain (from customer to manufacture) resulting in each tier carrying more inventory to compensate for the lack of information. The longer the supply chain, the greater the opportunity for this to occur
Bull Whip Effect
What are the three flows through the supply chain
Flow of Products
Flow of Information
Flow of Funds
This flow occurs in the supply chain when products flow from upstream to downstream and when order qualifiers result in a stream of downstream to upstream
Flow of Products
When products flow from downstream to upstream because a customer returned a product this process is called
Reverse Logistics
This flow occurs when simplified supply chains utilize data from point-of-sale back to suppliers and real time information will reduce uncertainty and inventory levels
This flow will go both ways and create transparency throughout the supply chain
Flow of Information
This flow throughout the supply chain gives the firm an idea about ow much they should be ordering or plan on manufacturing to cover demand
Flow of Information
This flow occurs when funds are transferred in both directions along the supply chain and supply chain compression
Flow of Funds
Successful supply chains have reduced order cycle times or the time it actually takes the product to get to their customers this also means they are built sooner and the company receives payment sooner. This process is about which flow and what term am I describing?
Supply Chain Compression
Flow of Funds
What is the driving force of the supply chain?
Customers
What is the supply chain primary purpose?
To respond to customer demand and generate profits for supply chain members
Are products pushed or pulled through the supply chain?
Pulled
This type of supply chain focuses on interaction between customer and provider, customer is supplier of inputs, SC is shorter – referred to as hubs
Service Supply Chain
What is the boundary spanning nature of SCM
Intraorganizational Integration
Cross-Enterprise Integration
Integration within a single firm- logistics, sourcing and operations is known as
Intraorganizational Integration
Integration across boundaries of several firms is known as
Cross-Enterprise Integration
Come back** Rise of SCM
What are the 3 characteristics of a competitive supply chain (3 R’S)
Responsiveness
Reliability
Relationship Management
This characteristic of SCM can be describe as the ability to move quickly to meet customer demands
Responsiveness
The characteristics of this supply chain are
- agility
- short supply chains
- demand driven rather than forecast-drive
Responsiveness
In the supply chain, if any part of it is unreliable this directly creates a need to hold extra inventory is known as
Safety Stock
T/F- Safety stock drives up cost and is not wanted
True
T/F- Reliability is the second characteristic of scm and can be provided by building visibility and transparency in the supply chain
True
Examples of a intra organizational integration are what 4 members
Logistics
Marketing
Operations
Sourcing
Examples of Cross-enterprise organizational integration are the
Suppliers and customers
The participation and coordination of activities between different organizations that comprise the supply chain is known as
Cross-Enterprise Integration
The participation and coordination of activities between different organizational functions within the organization
Intra-organizational integration
What are the 5 keys of cross-enterprise integration?
- information tech as an enabler
- relationship management
- collaborative planning
-sharing of risks and rewards - win-win strat
Does SCM or logistics manage the collaboration between supply chain partners in a strategic effort to achieve superior competitiveness
SCM
SCM manages different aspects of the coordination process. What 6 aspects are they managing?
information
products
technology
finances
distribution
relationships
What parrot of SCM is concerned with managing the flow of inventory
Logistics
Why do companies carry safety stock?
Uncertainty
The sharing of real-time data and information through information technology improves visibility and therefore supply chain reliability. Define the Term
Supply Chain Coordination
What are the three types of relationship management
Traditional Adversarial Relationships
Relationship Building and Collaboration
Single Sourcing
T/F- SCM is primarily about the management of relationships across networks of companies
Relationship Management
When was SCM proven to be necessary for successful global competition
1990s
When was the definition of SCM released to the public?
1990
When was scm adopted and was widespread diffusion of the name and concept
1997
When did the name SCM first appear in literature
1982
When was the supply chain practice first introduced and at what companies
1988; P&G and Walmart
Who first theorized about SCM in the 1960s
J. W. Forrester
Who believed that the success of industrial companies hinged on the “interactions between flows of information, materials, manpower, and equipment
J. W. Forrester
What are the 12 trends of the supply chain?
Globalization
Outsourcing
Information Technology
Big Data Analytics
3-D printing, additive manufacturing and robotics
Postponement
Lean Supply Chain
Managing Supply Chain Disruptions
Supply Chain Security
Sustainability and the “green” supply chain
Innovation
Financial Supply Chain
What level management would conduct this duty and how long do they stay in this position?
conduct product evaluations, generate forecast reports, perform online replenishment
Entry Level 1-3 years
What level management would conduct this duty and how long do they stay in this position?
responsible for accurate and timely product movement throughout the supply chain
Middle Level Management Positions 3-5 years
What level management would conduct this duty and how long do they stay in this position?
document and execute a global SCM plan
Senior Exec Postion 5+ years
The adoption of supply chain management was successful because of
the advances in information technology
Information Technology aided in the adoption of supply chain management because
it led to significant cost reductions in transportation
faster shipping dates
and allowed greater customer empowerment
The fluctuation and distortion of information as it moves up the supply chain, from retailer, manufacturer to supplier.
Bullwhip Effect
T/F- Trends that impact today’s supply chain include globalization, outsourcing,
technology, postponement, lean, supply chain disruptions, security, sustain-ability or ‘‘green,’’ innovation, and the financial supply chain.
True
