Study sets matching "supply management"

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Study sets matching "supply management"

Supply Management
Supply Management
Supply Risk
Total Cost of Ownership
Insourcing
Identification, acquisition, and management of inputs and sup…
Probability of an unplanned event that negatively affects a f…
Sum of costs incurred before, during and after a purchase... *be…
Inputs from within the firm
Supply Management
Identification, acquisition, and management of inputs and sup…
Supply Risk
Probability of an unplanned event that negatively affects a f…
Supply Management
supply management
supply risk
total cost of ownership (tco)
quality
identification, acquisition and management of inputs and supp…
probability of unplanned event that negatively affects a firm…
sum of costs incurred of everything... - before: finding, assess…
product's quality is tied to the quality of its inputs
supply management
identification, acquisition and management of inputs and supp…
supply risk
probability of unplanned event that negatively affects a firm…
31 terms
Supply Chain Management Chapter 10 Supply Management
Supply Management
A firms strategic objectives are bette…
Supply Risk
Examples of Supply Risk
The identification, acquisition, and management of inputs and…
- Ensures timely availability of resources... - Reduces total co…
The probability of an unplanned event that negatively affects…
- Delays and Disrupts... - Thefts of intellectual property... - Pri…
Supply Management
The identification, acquisition, and management of inputs and…
A firms strategic objectives are bette…
- Ensures timely availability of resources... - Reduces total co…
11 terms
Supply Chain Management #1
SCM in a nutshell...
Supply chain cycle
Decision phases in supply chain
Challenges of globalization
"The right products, in the right quantities, at the right mo…
Marketing > product design > suppliers > manufacturing > logi…
1. Strategic... 2. Tactical ... 3. Operational
Inc. number of business entities (competitors & partners)... Sho…
SCM in a nutshell...
"The right products, in the right quantities, at the right mo…
Supply chain cycle
Marketing > product design > suppliers > manufacturing > logi…
13 terms
Supply Management
Trends In Supply Management
Supply Management
Sm is critical
Financial Impact
Sustainable Supply, Supply Chain Disruptions (risk management)
The broad set of activities carried out by organizations to a…
Global Competitive Landscape (to compete globally, companies…
On average, cost of materials consumes almost 60% of a manufa…
Trends In Supply Management
Sustainable Supply, Supply Chain Disruptions (risk management)
Supply Management
The broad set of activities carried out by organizations to a…
37 terms
Supply Management
Professional purchasing
Derived demand
Inelastic demand
Geographical concentration
professional buyers with education and experience who know th…
developments in industrial markets are often related to chang…
due to the derived demand, price-elasticity in industrial mar…
many industrial markets are geographical concentrated (e.g. S…
Professional purchasing
professional buyers with education and experience who know th…
Derived demand
developments in industrial markets are often related to chang…
14 terms
Supply Management
supply management
total cost analysis
critical quadrant
bottle neck quadrant
sourcing, purchasing, procurement, or supply chain management
process where a firm seeks to identify and quantify all the m…
high risk, high value // form partnerships with suppliers and…
high risk, low value // ensure supply continuity and decrease…
supply management
sourcing, purchasing, procurement, or supply chain management
total cost analysis
process where a firm seeks to identify and quantify all the m…
22 terms
Supply Chain Management
Supply Chain Management
3 Inventory Measures
Average Aggregate Inventory Value
Average Aggregate Inventory Value Equa…
The synchronization of a firm's processes with those of its s…
1) average aggregate inventory value... 2) weeks of supply... 3) in…
Total average value of all items held in inventory by a firm…
Supply Chain Management
The synchronization of a firm's processes with those of its s…
3 Inventory Measures
1) average aggregate inventory value... 2) weeks of supply... 3) in…
Introduction to Supply Chain Management
Logistics
Logistics Management
Supply Chain
Supply Chain Management
Those activities that focus on getting the right amount of th…
The practice of organizing the cost-effective flow of raw mat…
A sequence of firms that perform activities required to creat…
The integration and organization of information and logistic…
Logistics
Those activities that focus on getting the right amount of th…
Logistics Management
The practice of organizing the cost-effective flow of raw mat…
Supply managment
Supply management
Profit leverage effect
COGS
Merchandise inventory
the broad set of activities carried out by organizations to a…
a term used to describe the effect of $1 in cost savings incr…
the purchased cost of goods from outside suppliers.
a balance sheet item that shows the amount a company paid for…
Supply management
the broad set of activities carried out by organizations to a…
Profit leverage effect
a term used to describe the effect of $1 in cost savings incr…
49 terms
Logistic and supply management
drop-ship
stockout, out of stock
integrated business planning
predictive analytics
logistic practice of directly from a manufacture or distribut…
the demand of an item could not be fulfilled with the existin…
a supply chain practice that share information across functio…
practice of looking for hidden data patterns from very large…
drop-ship
logistic practice of directly from a manufacture or distribut…
stockout, out of stock
the demand of an item could not be fulfilled with the existin…
10 terms
Supply management
What are the goals of supply management?
What is the supply management processes?
In a Buyer-Seller Relationship, What i…
In Buyer-Seller relationship, what is…
-Cost reduction... -Satisfactory customer service... -Cycle time re…
-Establishing specifications... -Locating potential supply sourc…
Pitch suppliers against each other... Short term contracts ... Mini…
-Joint effort to reduce supplier cost... -Seller sharing of data…
What are the goals of supply management?
-Cost reduction... -Satisfactory customer service... -Cycle time re…
What is the supply management processes?
-Establishing specifications... -Locating potential supply sourc…
23 terms
Supply Chain Management
Casing
Supplier
Customer
Logistics
protect the turbine,
Company that provides goods to another business
Company that orders goods from another company
Department that organizes transport
Casing
protect the turbine,
Supplier
Company that provides goods to another business
41 terms
Supply Management
Indicators of the Purchasing Manager's…
Supplier Life Cycle Management
Procure-2-Pay
What are companies buying?
New orders, inventory levels, production, supplier deliveries…
1) Supplier Selection... -joint process of all functions... -TCO is…
Von der Beschaffung zur Bezahlung, seamless process... process…
Direct Materials (production materials, manuf. goods)... Indirec…
Indicators of the Purchasing Manager's…
New orders, inventory levels, production, supplier deliveries…
Supplier Life Cycle Management
1) Supplier Selection... -joint process of all functions... -TCO is…
34 terms
Supply Chain Management Final
Corporate Social Responsibility
Stakeholders
Commons
Triple Bottom Line
Managerial decision making that considers environmental, soci…
those with a vested interest in an organization, including cu…
inputs to a production system held by the public, often misal…
People, planet, and profit. Decisions affect people.
Corporate Social Responsibility
Managerial decision making that considers environmental, soci…
Stakeholders
those with a vested interest in an organization, including cu…
23 terms
Supply Management chapter 17
Litigation Prevention
Laws of agency
Law of contracts
• Why most firms utilize litigation as…
The best way to deal with legal disputes is to avoid them in…
Supply chain professionals act as agents for their firm
Body of law that governs oral and written agreements
o Disputes usually resolved more effectively ... o Lawsuits alie…
Litigation Prevention
The best way to deal with legal disputes is to avoid them in…
Laws of agency
Supply chain professionals act as agents for their firm
32 terms
Supply Management Exam 1
A supply chain consists of the flow of…
SC members are connected by transprota…
Vertically integrated firm, focus on s…
Focus on core competency; long term tr…
-raw materials manufacturers ... -component & intermediate manuf…
info, planning, and intergration activities
Old Paradigm
New Paradigm
A supply chain consists of the flow of…
-raw materials manufacturers ... -component & intermediate manuf…
SC members are connected by transprota…
info, planning, and intergration activities
Operations and Supply Chain Management
Strategy
Business Structure
Operations
Operations Management
what the organization wants to accomplish
provides the controls and the formal communication and respon…
actual processes employed
the effective design, development, and management of the proc…
Strategy
what the organization wants to accomplish
Business Structure
provides the controls and the formal communication and respon…
17 terms
Management of supply
Groundwater- Where is it found?
Groundwater- Why is it so important?
Groundwater in agriculture
Groundwater- Overexploitation
- Aquifers... - Collectively they constitute the largest amount…
- It's generally a more reliable source of water than surface…
- In Asia, groundwater is highly exploited, particularly in I…
- In 1969, India withdrew 25 km3 of water. By 2010, fuelled b…
Groundwater- Where is it found?
- Aquifers... - Collectively they constitute the largest amount…
Groundwater- Why is it so important?
- It's generally a more reliable source of water than surface…
39 terms
Supply Management Exam 2
Ethics
Morals
International Supply Management (ISM)…
Codes of Ethics
the study of standards of conduct and moral judgement... the…
relating to, dealing with, or capable of making the distincti…
Impropriety, conflicts of interest, influence, responsibiliti…
A set of principles that affect decision-making
Ethics
the study of standards of conduct and moral judgement... the…
Morals
relating to, dealing with, or capable of making the distincti…
39 terms
Supply Management Exam 1
What is a supply chain?
Supply chain members are....
Upstream Flow
Downstream
A ............ consists of the flow of products and services…
are connected by transportation and storage activities, and i…
Direction of product and service flow, starting from raw mate…
Direction of recycling and returns, starting from consumers a…
What is a supply chain?
A ............ consists of the flow of products and services…
Supply chain members are....
are connected by transportation and storage activities, and i…
Supply Chain Management
Procurement
The most responsibility of purchasing…
Calculating Necessary Sales Increase
Profit Leverage Effect
The act of obtaining or buying goods and services. This proce…
Constant assurance of supply... Stock outs lead to losses now an…
(Current sales increase)/(Current profit ratio) *100 + (origi…
The PLE of supply savings is measured by the increase in prof…
Procurement
The act of obtaining or buying goods and services. This proce…
The most responsibility of purchasing…
Constant assurance of supply... Stock outs lead to losses now an…
Supply Management and Procurement Management
Acceptance
Accessory Equipment
Administrative Lead Time
Aftermarket*
The second important phase of creating a contract after the o…
Products used to facilitate production; includes products suc…
The period or interval, usually measured in days, from the re…
A market for parts and accessories used in the repair or enha…
Acceptance
The second important phase of creating a contract after the o…
Accessory Equipment
Products used to facilitate production; includes products suc…
23 terms
Chapter 14 Supply Chain Management
Project
Project Management
Concept Phase
Project definition phase
According to PMI, "a temporary endeavor undertaken to create…
According to PMI, "the application of knowledge, skills, tool…
The first of five phases of a project. Here, project planners…
The second of five phases in a project. Here, project planner…
Project
According to PMI, "a temporary endeavor undertaken to create…
Project Management
According to PMI, "the application of knowledge, skills, tool…
36 terms
Chapter 7: Supply Management
Supply Management
Cost of Goods Sold (COGS)
Merchandise Inventory
Profit Margin
a broad set of activities carried out by organizations to ana…
the purchased cost of goods from outside the supplier
a balance sheet item that shows the amount a company paid for…
the ratio of earnings to sales for a given period of time
Supply Management
a broad set of activities carried out by organizations to ana…
Cost of Goods Sold (COGS)
the purchased cost of goods from outside the supplier
26 terms
Ch 10 Supply Management
Supply Management
Purchasing
procurement
supply management
Identification acquisition and management of inputs and suppl…
operational
tactical
strategic
Supply Management
Identification acquisition and management of inputs and suppl…
Purchasing
operational
113 terms
Supply Chain Management
Procurement
Operations
Logistics
Reverse Logistics
branch responsible for acquiring product services
branch responsible for efficient effective processes
branch responsible for transportation and flow
management of products that flow backwards
Procurement
branch responsible for acquiring product services
Operations
branch responsible for efficient effective processes
46 terms
Supply Chain Management Polito
Factories
Inputs can be?
The operation function
Conformance quality
inputs- transformation process-outputs
Materials, Information, Intangible goods
can also provide intangible services hardly something you can…
was the product made or the service performed to specifications
Factories
inputs- transformation process-outputs
Inputs can be?
Materials, Information, Intangible goods
71 terms
Supply Chain Management (Chapter 10)
The identification, acquisition, and m…
The identification, evaluation, and se…
What are the 5 goals of Supply Managem…
The probability of an unplanned event…
Supply Managment
Sourcing
-Ensure timely availability of resources... -Reduce total costs…
Supply Risk
The identification, acquisition, and m…
Supply Managment
The identification, evaluation, and se…
Sourcing
16 terms
Supply management
Neglected areas
Value engineering
value analysis
early supplier involvement
...
价值工程
价值分析
ESI
Neglected areas
...
Value engineering
价值工程
Objectives of Supply Management
1
2
3
4
Improve the organization's competitive position
Provide an uninterrupted flow of materials, supplies, and ser…
Keep inventory investment and loss at a minimum
Maintain and improve quality
1
Improve the organization's competitive position
2
Provide an uninterrupted flow of materials, supplies, and ser…
157 terms
Supply Chain Management Glossary
Acquisition Costs
Assemble-to-Order (ATO)
ATO
Bar Code
Costs that have already been spent.
In this type of process, the products are assembled from stan…
Assemble To Order
Printed bars and white space that contain optical characters…
Acquisition Costs
Costs that have already been spent.
Assemble-to-Order (ATO)
In this type of process, the products are assembled from stan…
Chapter 7 Supply Management
Money is automatically drawn from the…
A recent trend in supply management is…
For the average manufacturer, over 50…
Company A spends $250 million purchasi…
True
False
True
False
Money is automatically drawn from the…
True
A recent trend in supply management is…
False
22 terms
Introduction to Supply Chain Management
Bullwhip Effect
RFID
UPC
Perfect Order Fulfillment
A phenomenon that order fluctuations propagate in an amplifie…
Radio Frequency Identification
Universal Product Code
Right product, place, quantity, time, condition, billing
Bullwhip Effect
A phenomenon that order fluctuations propagate in an amplifie…
RFID
Radio Frequency Identification
18 terms
Supply Chain Management Book
Supply Chain Management
Development Chain
Strategic Level Decisions
Tactical Level Decisions
Set of approaches utilized to efficiently integrate suppliers…
Set of activities and processes associated with new product i…
Decisions that have a long lasting effect on the firm (produc…
Decisions updated every once a quarter to once a year (purcha…
Supply Chain Management
Set of approaches utilized to efficiently integrate suppliers…
Development Chain
Set of activities and processes associated with new product i…
35 terms
Supply Chain Management
Transportation
Receiving
Storing
delivering
Rail Air Truck Water Pipeline
taking in goods
Place of holding goods Remember the cost
Shipping goods
Transportation
Rail Air Truck Water Pipeline
Receiving
taking in goods
110 terms
Supply Chain Management (Chapter 11)
Management of the movement and storage…
What are the 6 objectives of Logistics…
What are 3 responsibilities of logisti…
What are 3 customer service benefits?
Logistics Management
-Inventory management... -Order management... -Transportation... -Ware…
-Ensure that the inbound flow of materials meets the firm's r…
-Availability... -Lead-Time Performance... -Service Reliability
Management of the movement and storage…
Logistics Management
What are the 6 objectives of Logistics…
-Inventory management... -Order management... -Transportation... -Ware…
155 terms
Supply Chain Management Midterm
A supply chain flows from
What is the Supply Chain
The Supply Chain is Connected by
The Supply Chain is Integrated through
Raw materials... Component (intermediate) manufacturers... Final Pr…
All activities associated with the movement and transformatio…
Transportation and Storage Activities
Information and Planning
A supply chain flows from
Raw materials... Component (intermediate) manufacturers... Final Pr…
What is the Supply Chain
All activities associated with the movement and transformatio…
74 terms
Supply Chain Management (Chapter 6)
A product's fitness for consumption in…
A measure of how well a product's desi…
A measure of whether or not a delivere…
A management approach that establishes…
Product Quality
Design Quality
Conformance Quality
Quality Management
A product's fitness for consumption in…
Product Quality
A measure of how well a product's desi…
Design Quality
9 terms
Supply Chain Management; Ch. 6
Which of the following statements best…
Three broad categories of definitions…
Regarding the quality of design, produ…
If a firm changes its QM practices fro…
Managing quality helps build successful product strategies
User-based, Manufacturing-based, and Product-based
Determine whether any of the organization's stakeholders are…
The average number of defects will be cut by 99.87%
Which of the following statements best…
Managing quality helps build successful product strategies
Three broad categories of definitions…
User-based, Manufacturing-based, and Product-based
12 terms
Supply Chain Management; Ch. 1
Productivity is more difficult to impr…
Measuring the impact of a capital acqu…
An operations task performed at the Ha…
Which of the following are the primary…
True
False
Preparing employee schedules
Marketing, Operations, and Finance/Accounting
Productivity is more difficult to impr…
True
Measuring the impact of a capital acqu…
False
12 terms
Supply Chain Management; Ch. 7
The tool that calculates which process…
Service blueprinting is a process anal…
Successful process redesign focuses on…
A job shop is an example of a(n)
True
True
False
Intermittent process
The tool that calculates which process…
True
Service blueprinting is a process anal…
True
31 terms
Supply Chain Management (Chapter 16)
An approach to corporate performance m…
What happens when there is too much fo…
Focused on reducing any potentially ne…
The ability to meet "the needs of the…
Triple Bottom Line
Creates a unsustainable strategy
Sustainable Operations Management
Sustainability
An approach to corporate performance m…
Triple Bottom Line
What happens when there is too much fo…
Creates a unsustainable strategy
5 terms
Supply Chain Management; Ch. 3
Work Breakdown Structure is a useful t…
The fundamental difference between PER…
Which of the following statements rega…
Which of the following statements rega…
False
False
On a specific project there can be multiple critical paths, a…
All activities on the critical path have their LS equal their…
Work Breakdown Structure is a useful t…
False
The fundamental difference between PER…
False
Supply Chain Management
Structural element
Infrastructural element
Mission statement
Business Strategy
Includes tangible resources such as buildings, equipment, and…
Includes the policies, people, decision rules, and organizati…
A statement that explains why an organization exists. It desc…
A mechanism by which a businesses coordinates its decisions r…
Structural element
Includes tangible resources such as buildings, equipment, and…
Infrastructural element
Includes the policies, people, decision rules, and organizati…
Operations and Supply Management
What are the benefits associated with…
Challenges of managing in - bound tran…
What are the Top Challenges for Trucki…
What Factors Influence Transportation…
Cost savings through procurement, order optimization, route g…
Supply Chain complexity... Competing goals among supply chain pa…
Driver Availability... Pricing... Regulation... Volume ... Driver Pay... Other
Distance ... Volume (Cube, weight)... Density... Storability... Handling…
What are the benefits associated with…
Cost savings through procurement, order optimization, route g…
Challenges of managing in - bound tran…
Supply Chain complexity... Competing goals among supply chain pa…
Supply Chain Management
supply chain management
customer
input
supplier
managing upstream and downstream value-added flows of materia…
client
Something put into a system, such as resources, in order to a…
An individual, business or other organisation which provides…
supply chain management
managing upstream and downstream value-added flows of materia…
customer
client
Purchasing and supply management
An effective supply strategy primarily…
The key question in strategic supply m…
To effectively manage supply risks, th…
Supply strategies that are based on ch…
current and future needs to current and future markets
How can supply and the supply chain contribute effectively to…
identify and classify risks, assess the potential impact, and…
assurance-of-supply strategies.
An effective supply strategy primarily…
current and future needs to current and future markets
The key question in strategic supply m…
How can supply and the supply chain contribute effectively to…
Supply Chain Management
1. Supply Chain managers should be con…
2. Globalization and technology develo…
3. Consumers have much more influence…
4. Why should CEOs, COOs, CFOs, and CM…
Product flow - physical movement of goods and materials... Infor…
Flat world is significant because countries that are not as d…
Technology has given consumers the ability to easily log onto…
a. The textbook explains that CEOs, COOs, CFOs, and CMOs shou…
1. Supply Chain managers should be con…
Product flow - physical movement of goods and materials... Infor…
2. Globalization and technology develo…
Flat world is significant because countries that are not as d…
16 terms
Supply Chain Management; Ch. 2
The multi-domestic OM strategy maximiz…
Which of the following activities take…
The impact of strategies on the genera…
Which of the following is true?
False
The functional areas develop their supporting missions
Long range
Functional strategies are shaped by corporate strategy
The multi-domestic OM strategy maximiz…
False
Which of the following activities take…
The functional areas develop their supporting missions
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