2
Supply Chain Management - Exam 1 with accurate detailed
|| || || || || || || || ||
solutions
Supply Chain - ✔✔Network of manufacturers and service providers that work together to
|| || || || || || || || || || || || ||
convert goods from raw material to end user. Linked through physical flows, information
|| || || || || || || || || || || || ||
flows, and monetary flows.
|| || ||
Operations function - ✔✔The collection of people, process, technology, and systems within
|| || || || || || || || || || || ||
an organization that has primary responsibility for providing products or services.
|| || || || || || || || || ||
Inputs - ✔✔-Materials
|| ||
-Intangible Needs ||
-Information
Outputs - ✔✔-Tangible Goods
|| || ||
-Fulfilled Needs ||
-Satisfied Customers ||
Operations Management - ✔✔Planning, scheduling, and control of the activities that
|| || || || || || || || || || ||
transform inputs into finished goods and services.
|| || || || || ||
Upstream - ✔✔Activities or firms positioned earlier in the supply chain relative to another
|| || || || || || || || || || || || || ||
activity or firm of interest.
|| || || ||
Downstream - ✔✔Activities or firms positioned later in the supply chain relative to another
|| || || || || || || || || || || || || ||
activity or firm of interest.
|| || || ||
, 2
First-Tier Supplier - ✔✔Supplier that provides products or services directly to a particular
|| || || || || || || || || || || || ||
firm.
Second-Tier Supplier - ✔✔Supplier that provides products or services to the firm that
|| || || || || || || || || || || || ||
directly supplies your firm.
|| || ||
Supply Chain Management - ✔✔Active management of supply chain activities and
|| || || || || || || || || || ||
relationships in order to maximize customer value and achieve a sustainable competitive
|| || || || || || || || || || || ||
advantage.
SCOR Model - ✔✔A comprehensive model of the core management processes and
|| || || || || || || || || || || ||
individual process types that together define the domain of supply chain management.
|| || || || || || || || || || ||
Process Selection - ✔✔Design and implement the transformation processes that best meet
|| || || || || || || || || || || ||
the needs of customers and the firm.
|| || || || || ||
Forecasting - ✔✔Develop the planning numbers needed for effective decision making.
|| || || || || || || || || ||
Capacity Planning - ✔✔Establish strategic capacity levels (bricks and mortar) and tactical
|| || || || || || || || || || || ||
capacity levels (workforce, inventory).
|| || ||
Inventory Management - ✔✔Manage the amount and placement of inventory within the
|| || || || || || || || || || || ||
company and the supply chain. || || || ||
Planning and Control - ✔✔Schedule and manage the flow of work through an organization
|| || || || || || || || || || || || || ||
and the supply chain; match customers demand to supply chain activities.
|| || || || || || || || || ||
Purchasing - ✔✔Identify and quantify suppliers of goods and services; manage the ongoing
|| || || || || || || || || || || || ||
buyer-supplier relationships. ||
Supply Chain Management - Exam 1 with accurate detailed
|| || || || || || || || ||
solutions
Supply Chain - ✔✔Network of manufacturers and service providers that work together to
|| || || || || || || || || || || || ||
convert goods from raw material to end user. Linked through physical flows, information
|| || || || || || || || || || || || ||
flows, and monetary flows.
|| || ||
Operations function - ✔✔The collection of people, process, technology, and systems within
|| || || || || || || || || || || ||
an organization that has primary responsibility for providing products or services.
|| || || || || || || || || ||
Inputs - ✔✔-Materials
|| ||
-Intangible Needs ||
-Information
Outputs - ✔✔-Tangible Goods
|| || ||
-Fulfilled Needs ||
-Satisfied Customers ||
Operations Management - ✔✔Planning, scheduling, and control of the activities that
|| || || || || || || || || || ||
transform inputs into finished goods and services.
|| || || || || ||
Upstream - ✔✔Activities or firms positioned earlier in the supply chain relative to another
|| || || || || || || || || || || || || ||
activity or firm of interest.
|| || || ||
Downstream - ✔✔Activities or firms positioned later in the supply chain relative to another
|| || || || || || || || || || || || || ||
activity or firm of interest.
|| || || ||
, 2
First-Tier Supplier - ✔✔Supplier that provides products or services directly to a particular
|| || || || || || || || || || || || ||
firm.
Second-Tier Supplier - ✔✔Supplier that provides products or services to the firm that
|| || || || || || || || || || || || ||
directly supplies your firm.
|| || ||
Supply Chain Management - ✔✔Active management of supply chain activities and
|| || || || || || || || || || ||
relationships in order to maximize customer value and achieve a sustainable competitive
|| || || || || || || || || || || ||
advantage.
SCOR Model - ✔✔A comprehensive model of the core management processes and
|| || || || || || || || || || || ||
individual process types that together define the domain of supply chain management.
|| || || || || || || || || || ||
Process Selection - ✔✔Design and implement the transformation processes that best meet
|| || || || || || || || || || || ||
the needs of customers and the firm.
|| || || || || ||
Forecasting - ✔✔Develop the planning numbers needed for effective decision making.
|| || || || || || || || || ||
Capacity Planning - ✔✔Establish strategic capacity levels (bricks and mortar) and tactical
|| || || || || || || || || || || ||
capacity levels (workforce, inventory).
|| || ||
Inventory Management - ✔✔Manage the amount and placement of inventory within the
|| || || || || || || || || || || ||
company and the supply chain. || || || ||
Planning and Control - ✔✔Schedule and manage the flow of work through an organization
|| || || || || || || || || || || || || ||
and the supply chain; match customers demand to supply chain activities.
|| || || || || || || || || ||
Purchasing - ✔✔Identify and quantify suppliers of goods and services; manage the ongoing
|| || || || || || || || || || || || ||
buyer-supplier relationships. ||
