TCU Supply Chain Management Exam 1 –
Questions With Appropriate Solutions
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Terms in this set (67)
What is supply chain management? 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 supply chain? 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
What are the components of a supply - Upstream: provide raw materials, components, and
chain? 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 - tangible
- can be inventoried
- little customer contact
- long lead times
- often capital intensive
- quality easily assessed
- material is transformed
Attributes of Services - intangible
- cannot be inventoried
- extensive customer contact
- short lead times
- often labor-intensive
- quality more difficult to assess
Questions With Appropriate Solutions
Save
Terms in this set (67)
What is supply chain management? 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 supply chain? 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
What are the components of a supply - Upstream: provide raw materials, components, and
chain? 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 - tangible
- can be inventoried
- little customer contact
- long lead times
- often capital intensive
- quality easily assessed
- material is transformed
Attributes of Services - intangible
- cannot be inventoried
- extensive customer contact
- short lead times
- often labor-intensive
- quality more difficult to assess
