chapter 15 P301 Suppl chain Management Exam 2

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Cshowalter
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chapter 15 P301 Suppl chain Management Exam 2
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2015-03-02 12:13:16
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  1. Supply chain
    • A sequence of organizations - their facilities , functions , and activities - that are involved in producing and delivering a product or service
    • Equally important in both service and manufacturing
    • sometime referred to as value chains
  2. UPS supply chain services
    • world port
    • they choose louisville bec of location, cost, seasonal changes.
    • ups is invested in Louisville the invested billions in expansions
  3. APICS is the most important thing people look at for certification in supply chain
    true
  4. supply chain term know
  5. what are the 3 of the supply chain
    • suppliers
    • transformation (value add)
    • Customer

    • Product/service Flow
    • Information Flow
    • Funds Flow (the money)
  6. logistics
    the movement of goods, services,cash and information in a supply chain
  7. Resiliency
    the ability of a business to recover from a event that negatively impact the supply chain
  8. Purchasing cycle
    series of steps that begin with request for purchase and end with notification of shipment received in satisfactory conditions
  9. Trends affecting supply chain design and management
    • moving rapidly away from lowest price as key criteria
    • Understanding and managing risks
    • measuring supply chain ROI
    • "Greening" the supply chain
    • Integrating IT
  10. E business
    the use of electronic technology to facilitate business transactions
  11. B2B 665
    • growing portion of e business involves business to business commerce rather than business to consumer commerce.
    • B2B exchange can improve supply chain
  12. supply chain managers
    • they are become part of the industry planning
    • people at various levels of the organization who are responsible
  13. Scor mode and the 5 elements
    understand and managing supply chain effectively

    Planning, source, make, deliver, return
  14. Velocity
    Inventory V
    information V
    • speed
    • the rate at which inventory goes through the supply chain
    • the rate at which information is communicated in a supply chain
  15. Cash to cash cycle
    time where we spend money and the time we get that money back
  16. Global supply chains and if you go into international market
    if we make this choice you must understand how this different cultures work and people differences
  17. import considerations in outsourcing
    • considerations for both service and manufacturing
    • price should not be primary determinant
    • what are we "giving away"
  18. CPFR (collaborative planing forecasting replenishment)
    • Focuses on information sharing among trading partners
    • this should help both companies
  19. Supplier Relationship Management
    • type of relationship is often governed by the DURATION OF THE TRADING RELATIONSHIP
    • short term
    • medium term (accountant)
    • long termĀ  (marriage)
  20. Strategic Partnering
    two or more organizations that have complementary products or services join so that each may realize a strategic benefit (ex Louisville bridge, taco bell and Doritos)
  21. Inventory Management
    • Inventory location ( centralized or decentralized)
    • Inventory velocity (speed at which goods move through supply chain)
    • The bullwhip effect
  22. The bullwhip effect (ex cash for clunkers)
    • Inventory oscillation that becomes increasingly larger looking backward through the supply chain.( a small thing can lead to bigger problems)
    • the longer the chain the effect could be greater the effect
  23. milk runs
    regular load for pickup of mixed loads from several suppliers. based on concept of replenishment based on actual units consumed
  24. cross docking
    • goods arriving at a warehouse from a supplier are unloaded from the supplier truck and loaded onto outbound trucks (ex Walmart)
    • Avoids warehouse storage
  25. Delayed differeentiation
    production of standard components and sub assemblies, which are held until late in the process to add differentiating features. (waiting untill the end to custamize it to person
  26. Disintermediation
    Reducing one or more steps in a supply chain by cutting out one or more intermediaries
  27. Vendor managed inventory
    Vendors monitor replenish inventories on site
  28. third part logisticsĀ  (3-PL)
    fourth party logistics (4-PL)
    • the outsourcing of logistics management s
    • everything in 3-PL buisness to customer, handles also interface with customer (ex Amazon)
  29. Reverse logistics
    • the process of transporting returned items, including those returned for environmental disposal and/ or remanufacturing
    • Big and growing business

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