Supply Chain Management Exam 1 (Ch. 1 and 5
only) – Questions With Fully Solved Solutions
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Practice questions for this set
Learn 1 /7 Study using Learn
manage all the steps involved in bringing a product to market, buy materials,
manufacture or assemble them step by step into a product, and sell them to a
customer
Choose an answer
1 Supply Chain Management 2 Supply chain flow of products
Materials Requirements Planning
3 4 stockout
(MRP)
Don't know?
Terms in this set (101)
Supply Chain Management manage all the steps involved in bringing a product
to market, buy materials, manufacture or assemble
them step by step into a product, and sell them to a
customer
, Supply chain flow of products suppliers --> manufacturers -->
wholesalers/distributors --> retailers --> consumers
Tier 1 Supplier/Channel Partner direct supplier/partner
Tier 2 Supplier/Channel Partner indirect supplier/partner
Backorder a supply disruption which occurs if a product cannot
get shipped to customers, against their orders
stockout no inventory is available throughout the distribution
channels in the market
2 basic supply chain models efficient and responsive
efficient supply chain model supply chain processes are designed to minimize
costs; predictable supply, low cost; low cost
production, utilized capacity; high inventory turns;
IDEAL FOR FUNCTIONAL PRODUCTS (ex. things
people buy everywhere and don't change much over
time, stable and predictable demand)
responsive supply chain model designed to respond quickly to market demand; fast
response, minimal inventory; flexible capacity,
inventory of parts; minimize lead time; IDEAL FOR
INNOVATIVE PRODUCTS (ex. rapidly changing and
short life cycle, great variety, unpredictable demand)
PUSH or make to stock produce stock based on ANTICIPATED demand
(most used method, 90%): forecast -> buy materials -
> manufacture -> warehouse -> sell -> deliver
PULL or make to order produce stock in response to ACTUAL demand (used
10%): sell -> buy materials -> manufacture -> deliver
only) – Questions With Fully Solved Solutions
Save
Practice questions for this set
Learn 1 /7 Study using Learn
manage all the steps involved in bringing a product to market, buy materials,
manufacture or assemble them step by step into a product, and sell them to a
customer
Choose an answer
1 Supply Chain Management 2 Supply chain flow of products
Materials Requirements Planning
3 4 stockout
(MRP)
Don't know?
Terms in this set (101)
Supply Chain Management manage all the steps involved in bringing a product
to market, buy materials, manufacture or assemble
them step by step into a product, and sell them to a
customer
, Supply chain flow of products suppliers --> manufacturers -->
wholesalers/distributors --> retailers --> consumers
Tier 1 Supplier/Channel Partner direct supplier/partner
Tier 2 Supplier/Channel Partner indirect supplier/partner
Backorder a supply disruption which occurs if a product cannot
get shipped to customers, against their orders
stockout no inventory is available throughout the distribution
channels in the market
2 basic supply chain models efficient and responsive
efficient supply chain model supply chain processes are designed to minimize
costs; predictable supply, low cost; low cost
production, utilized capacity; high inventory turns;
IDEAL FOR FUNCTIONAL PRODUCTS (ex. things
people buy everywhere and don't change much over
time, stable and predictable demand)
responsive supply chain model designed to respond quickly to market demand; fast
response, minimal inventory; flexible capacity,
inventory of parts; minimize lead time; IDEAL FOR
INNOVATIVE PRODUCTS (ex. rapidly changing and
short life cycle, great variety, unpredictable demand)
PUSH or make to stock produce stock based on ANTICIPATED demand
(most used method, 90%): forecast -> buy materials -
> manufacture -> warehouse -> sell -> deliver
PULL or make to order produce stock in response to ACTUAL demand (used
10%): sell -> buy materials -> manufacture -> deliver
