Scm 300 Final Davila
Competitive Priorities - CORRECT ANSWER-Cost, quality, speed, flexibility
Productivity and Value - CORRECT ANSWER-Organization vs. Customer
Operations Management - CORRECT ANSWER-Design, operation, and
improvement of
the production systems
that efficiently transform INPUTS into Finished Goods and Services
Logistics - CORRECT ANSWER-The COORDINATED Planning and Execution of
preparation, transportation, warehousing, and distribution
procurement - CORRECT ANSWER-The process of obtaining services, supplies,
and equipment in conformance with organizational regulations
Upstream Supply Chain - CORRECT ANSWER-supply network of company
suppliers and their own suppliers. Anything coming into your company from raw
materials to finished products and used in whatever you deliver to your
customers is in the upstream part of your supply chain.
downstream supply chain - CORRECT ANSWER-the portion of the supply chain
from the production facility to the end-customer; any thing you are delivering to
your customers and flowing perhaps to their own customers is part of your
downstream network.
1st-tier and 2nd-tier suppliers - CORRECT ANSWER--1st tier: a company's direct
suppliers.
-2nd tier: firm that provides goods and/or services to a company's first-tier
supplier.
Safety Stock - CORRECT ANSWER-Extra inventory that a company holds to
protect itself against uncertainties in either demand or replenishment time.
,Pipeline Inventory - CORRECT ANSWER-inventory that is in transit between
suppliers and customers
Vertical Integration - CORRECT ANSWER-the combination in one company of
two or more stages of production normally operated by separate companies.
High inventory pros and cons - CORRECT ANSWER-Pros: quantity discounts,
stockout costs lower, ordering costs lower, easier transportation
Cons: higher holding cost, loss of inventory
Low Inventory Pros and Cons - CORRECT ANSWER-Pros: Low cost to hold
inventory, Less cost to handle
Cons: High ordering cost, Shrinkage, Liquidity
EOQ - CORRECT ANSWER-the order size that minimizes total annual cost
when annual holding cost = annual ordering cost
reverse logistics - CORRECT ANSWER-The area of logistics that involves
bringing goods back to the manufacturer because of defects or for recycling
materials.
AHC > AOC - CORRECT ANSWER-Holding too much, order less.
Above EOQ
AHC < AOC - CORRECT ANSWER-Not Holding enough, order more
Below EOQ
Choosing a supplier considerations - CORRECT ANSWER-Stakeholder,
plant/warehouse location, technology accomodations, quality of their suppliers,
growth management/capacity potential, commitment to produce and service
improvement
Line Flow - CORRECT ANSWER-Good for standard items, high volumes
Assembly lines, continuous flow systems, make-to-stock systems
Flexible Flow Strategy - CORRECT ANSWER-• Demand: Customized Items,
Low Volumes, Dynamic Industry
, • Layout: Process Focused/Flexible Flow Layouts
• Manufacturing system: Job Shops
• Make-to-order systems
Hybrid Strategy - CORRECT ANSWER-A manufacturing layout that combines
elements of both line flow and flexible flow layouts. Assemble-to-order system,
group technology layout
Cycle Time (CT) - CORRECT ANSWER-Maximum time allowed for work on one
unit at each station
Bottleneck - CORRECT ANSWER-a machine or some other part of a process
that limits the total output of the entire system
Established channels of distribution - CORRECT ANSWER-Chain of
organizations help bring products to user
Established channels of suppliers - CORRECT ANSWER-Suppliers that are
always used and have an established relationship with
Major Cargo Classifications - CORRECT ANSWER-Bulk cargo: free flowing,
stored loose (coal, rice, etc)
Breakbulk: general or packed cargo (bagged rice, canned goods, etc)
Neo-bulk cargo: mix of bulk and break bulk (auotmobiles, logs, cattle)
Planogram - CORRECT ANSWER-a diagram that shows how and where specific
SKUs should be placed on retail shelves or displays to increase customer
purchases
Dunnage - CORRECT ANSWER-material that is used to block and brace
products inside carrier equipment to prevent the shipment from shifting in transit
and becoming damaged
TL and LTL - CORRECT ANSWER-Truck load (large shipments) and less than
truck load (smaller shipment that cannot fill container, consolidation of multiple
shipments required)
Competitive Priorities - CORRECT ANSWER-Cost, quality, speed, flexibility
Productivity and Value - CORRECT ANSWER-Organization vs. Customer
Operations Management - CORRECT ANSWER-Design, operation, and
improvement of
the production systems
that efficiently transform INPUTS into Finished Goods and Services
Logistics - CORRECT ANSWER-The COORDINATED Planning and Execution of
preparation, transportation, warehousing, and distribution
procurement - CORRECT ANSWER-The process of obtaining services, supplies,
and equipment in conformance with organizational regulations
Upstream Supply Chain - CORRECT ANSWER-supply network of company
suppliers and their own suppliers. Anything coming into your company from raw
materials to finished products and used in whatever you deliver to your
customers is in the upstream part of your supply chain.
downstream supply chain - CORRECT ANSWER-the portion of the supply chain
from the production facility to the end-customer; any thing you are delivering to
your customers and flowing perhaps to their own customers is part of your
downstream network.
1st-tier and 2nd-tier suppliers - CORRECT ANSWER--1st tier: a company's direct
suppliers.
-2nd tier: firm that provides goods and/or services to a company's first-tier
supplier.
Safety Stock - CORRECT ANSWER-Extra inventory that a company holds to
protect itself against uncertainties in either demand or replenishment time.
,Pipeline Inventory - CORRECT ANSWER-inventory that is in transit between
suppliers and customers
Vertical Integration - CORRECT ANSWER-the combination in one company of
two or more stages of production normally operated by separate companies.
High inventory pros and cons - CORRECT ANSWER-Pros: quantity discounts,
stockout costs lower, ordering costs lower, easier transportation
Cons: higher holding cost, loss of inventory
Low Inventory Pros and Cons - CORRECT ANSWER-Pros: Low cost to hold
inventory, Less cost to handle
Cons: High ordering cost, Shrinkage, Liquidity
EOQ - CORRECT ANSWER-the order size that minimizes total annual cost
when annual holding cost = annual ordering cost
reverse logistics - CORRECT ANSWER-The area of logistics that involves
bringing goods back to the manufacturer because of defects or for recycling
materials.
AHC > AOC - CORRECT ANSWER-Holding too much, order less.
Above EOQ
AHC < AOC - CORRECT ANSWER-Not Holding enough, order more
Below EOQ
Choosing a supplier considerations - CORRECT ANSWER-Stakeholder,
plant/warehouse location, technology accomodations, quality of their suppliers,
growth management/capacity potential, commitment to produce and service
improvement
Line Flow - CORRECT ANSWER-Good for standard items, high volumes
Assembly lines, continuous flow systems, make-to-stock systems
Flexible Flow Strategy - CORRECT ANSWER-• Demand: Customized Items,
Low Volumes, Dynamic Industry
, • Layout: Process Focused/Flexible Flow Layouts
• Manufacturing system: Job Shops
• Make-to-order systems
Hybrid Strategy - CORRECT ANSWER-A manufacturing layout that combines
elements of both line flow and flexible flow layouts. Assemble-to-order system,
group technology layout
Cycle Time (CT) - CORRECT ANSWER-Maximum time allowed for work on one
unit at each station
Bottleneck - CORRECT ANSWER-a machine or some other part of a process
that limits the total output of the entire system
Established channels of distribution - CORRECT ANSWER-Chain of
organizations help bring products to user
Established channels of suppliers - CORRECT ANSWER-Suppliers that are
always used and have an established relationship with
Major Cargo Classifications - CORRECT ANSWER-Bulk cargo: free flowing,
stored loose (coal, rice, etc)
Breakbulk: general or packed cargo (bagged rice, canned goods, etc)
Neo-bulk cargo: mix of bulk and break bulk (auotmobiles, logs, cattle)
Planogram - CORRECT ANSWER-a diagram that shows how and where specific
SKUs should be placed on retail shelves or displays to increase customer
purchases
Dunnage - CORRECT ANSWER-material that is used to block and brace
products inside carrier equipment to prevent the shipment from shifting in transit
and becoming damaged
TL and LTL - CORRECT ANSWER-Truck load (large shipments) and less than
truck load (smaller shipment that cannot fill container, consolidation of multiple
shipments required)
