CHAIN DESIGN AND OPERATIONS
ASSESSMENT STUDY GUIDE COMPLETE
QUESTIONS AND ANSWERS
◉ pull system. Answer: 1. in production, the production of items
only as demanded for use or to replace those taken for use
2. in material control, the withdrawal of inventory as demanded by
the using operations
3. in distribution, a system where replenishment decisions are made
at the field warehouse
◉ supply chain management. Answer: the design, planning,
execution, control, and monitoring of supply chain activities with the
objective of creating net value, building a competitive infrastructure,
leveraging worldwide logistics, synchronizing supply with demand,
and measuring performance globally
◉ product differentiation. Answer: a strategy of making a product
distinct from the competition on a nonprice basis such as
availability, durability, reliability, or quality
,◉ innovative products. Answer: products that tend to have a high
profit margin, be unique, have less competition, and have dynamic
demand
◉ market share. Answer: the actual portion of current market
demand that a company or product achieves
◉ multicountry strategy. Answer: a strategy in which each country
market is self-contained. Customers have uni8que product
expectations that are addressed by local product capabilities
◉ inventory optimization software. Answer: a computer application
that can find optimal inventory strategies and policies related to
customer service and return on investment over several echelons of
a supply chain
◉ radio frequency identification (RFID). Answer: a system using
electronic tags to store data about items. accessing data is
accomplished through a specific radio frequency and does not
require close proximity or line-of-site access
◉ enterprise resource planning (ERP). Answer: framework for
organizing, defining, and standardizing the business processes
necessary to effectively plan and control an organization so that the
organization can use its internal knowledge to seek external
advantage
, ◉ e-commerce. Answer: the use of telecommunication & computer
tech to conduct business via electronic transfer of data and
documents
◉ design for environment. Answer: considering health, safety, and
environmental aspects of a product during the design and
development phase
◉ business-to-business commerce. Answer: business conducted
over the internet between businesses
◉ design for remanufacture. Answer: products developed in a
manner that allows components to be used in other products.
associated with green manufacturing
◉ order winners. Answer: those competitive characteristics that
cause a firm's customers to choose that firm's goods and services
over those of its competitors
◉ capable-to-promise. Answer: the process of committing orders
against available capacity as well as inventory. employs a finite
scheduling model of the manufacturing system to determine when
an order can be delivered