TCU Supply Chain Management Exam 1 :–
Questions With A+ Solutions
Save
Terms in this set (22)
What is SCM? the global network of organizations and activities
involved in
- designing
- transforming
- consuming
- disposing of goods and services
(1) designing a set of goods and services and their
related processes,
(2) transforming inputs in to goods and services
(3) consuming these goods and services, and
(4) disposing of these goods and services
-the design and execution of relationships and flows
that connect the parties and processes across a
supply chain
Drivers of SCM visibility, consumer behavior, speed, competition
What is a SC? The global network of organizations located in
different companies that are involved in converting
raw materials into a delivered finish product.
<<<<<<Information Flow>>>>
Product Flow>>>>>
<<<<<<Cash Flow
, SC Components Upstream: provide raw materials, components, and
services directly related to manufacturing or service
production processes
Downstream: provide enhancements to finished
goods such as assembly, packaging, storage, and
transportation services
Tier Suppliers: 1st tier supplies directly to firm; 2nd
tier provides inputs to the 1st tier supplier.
Attributes of Goods (1) tangible, (2) can be inventoried, (3) little customer
contact, (4) long lead times, (5) often capital
intensive, (6) quality easily assessed, (7) material is
transformed
Attributes of Services - intangible
- cannot be inventoried
- extensive customer contact
- short lead times
- often labor-intensive
- quality more difficult to assess
What is a process? A system of activities that transforms inputs into
valuable outputs. They use resources to transform
them.
Transformation Process Inputs (Land, Labor, Capital,
Information)>>>>Transformation/Conversion Process
(Value Added)>>>>Outputs (Goods & Services)
**STEP>>>>measurement and
feedback>>>>Control>>>>>STEP
Questions With A+ Solutions
Save
Terms in this set (22)
What is SCM? the global network of organizations and activities
involved in
- designing
- transforming
- consuming
- disposing of goods and services
(1) designing a set of goods and services and their
related processes,
(2) transforming inputs in to goods and services
(3) consuming these goods and services, and
(4) disposing of these goods and services
-the design and execution of relationships and flows
that connect the parties and processes across a
supply chain
Drivers of SCM visibility, consumer behavior, speed, competition
What is a SC? The global network of organizations located in
different companies that are involved in converting
raw materials into a delivered finish product.
<<<<<<Information Flow>>>>
Product Flow>>>>>
<<<<<<Cash Flow
, SC Components Upstream: provide raw materials, components, and
services directly related to manufacturing or service
production processes
Downstream: provide enhancements to finished
goods such as assembly, packaging, storage, and
transportation services
Tier Suppliers: 1st tier supplies directly to firm; 2nd
tier provides inputs to the 1st tier supplier.
Attributes of Goods (1) tangible, (2) can be inventoried, (3) little customer
contact, (4) long lead times, (5) often capital
intensive, (6) quality easily assessed, (7) material is
transformed
Attributes of Services - intangible
- cannot be inventoried
- extensive customer contact
- short lead times
- often labor-intensive
- quality more difficult to assess
What is a process? A system of activities that transforms inputs into
valuable outputs. They use resources to transform
them.
Transformation Process Inputs (Land, Labor, Capital,
Information)>>>>Transformation/Conversion Process
(Value Added)>>>>Outputs (Goods & Services)
**STEP>>>>measurement and
feedback>>>>Control>>>>>STEP
