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BIS ch.8 pt.2

STUDY
PLAY
six sigma
goal is to detect potential problems to prevent their occurrence and acheieve no more that 3.4 defects per million opportunities
ISO 900
common name given to quality management and assurance standards, a worldwide federation of national standards bodies for more than 140 countries
ISO 14000
collection fo the best practices for managing an organizations impact on the environment
CMMI
( capability maturity model integration) best practices in managing, measuring, and monitoring software development processes
supply chain
consists of all parties involved, directly, indirectly, in the procurement of a product or raw material.
supply chain management
involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
4 components of SCM
supply chain strategy, supply chain partners, supply chain operation, supply chain logistics
effective SCM systems
decrease buyer power, increase its own supplier power, increase switching costs to reduce the threat of substitute products, create entry barriers reducing threat of new entrants, increase efficiencies while seeking competitive advantage through cost leadership
five scm components
plan, source, make, deliver, return
plan
strategic portion of SCM for managing all the resources that go toward meeting customer demand for products and services
source
in SCM where companies must choose reliable suppliers that will deliver foods and services required for making products
make
in SCM where companies manufacture their products or services
deliver
in SCM commonly referred to as logistics, the set of processes that plan for and controls the efficient and effective transportation and storage of suppliers to customers
return
in SCM usually most problematic step where companies must create a network for receiving defective and excess products and support customers who have problems with delivered prodcts
supply chain visability
the baility to view all areas up and down the supply chain
bullwhip effect
disruptions intensify throughout the chain, occurs when distorted product demand information passes from one entity to the next throughout the supply chain
demand planning systems
generate demand forecasts using statistical tools and forecasting techniques. companies can respond faster and more effectively to consumer demands through supply chain enhancements such as this.
supply chain planning
use advance mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
supply chain execution
automate the different steps and stages of the supply chain, such as electronically routing orders from a manufacturer and supplier
supply chain event management
enables organization to react more quickly to resolve supply chain issues. software increases real time information sharing among supply chain partners and decreases response time to unplanned events
selling chain management
applies technology to the activities in the order life cycle from inquiry to sale
collaborative engineering
allows and organization to reduce the cost and time required during the design process of a product
collaborative demand planning
helps organizations reduce their investment in inventory, while improving customer satisfaction through product availability