INTRODUCTION TO SUPPLY CHAIN
MANAGEMENT WARREN H COHEN
EXAM 1
Supply Chain - Correct Answers -The flow of materials and product
Tier 1 - Correct Answers -Direct Supplier or Customer
Some Suppliers and some Customers can be both Tier 1 and Tier 2
Tier 2 - Correct Answers -Indirect supplier and or customer
Some Suppliers and some Customers can be both Tier 1 and Tier 2
Tier 3 - Correct Answers -Indirect supplier and or customer
Goal of Supply Chain Management - Correct Answers -Increase Customer Service
while simultaneously reducing both inventory investment and operating expenses
Old paradigm - Correct Answers -Firm gained synergy as a vertically integrated firm
encompassing the ownership and coordination of several supply chain activities.
Organizational cultures emphasized short-term, company focused performance.
New Paradigm - Correct Answers -Firm in a supply chain focuses activities in its area of
specialization and enters into voluntary and trust-based relationships with supplier and
customer firms.
Operations Management - Correct Answers -Managing internal resources
- Forecasting and demand planning
- planning systems
- inventory management
- process management
Supply Management - Correct Answers -Managing all of the supplies and suppliers that
are needed to run the business
- purchasing management
- strategic sourcing
- supplier relationship management
, Logistics Management - Correct Answers -Managing all of the movement and storage of
products and materials within the supply chain, whether the flow is forward or reverse
- warehousing and distribution
- transportation
- internal trade management
- customer relationship management
- service response logistics
Integration - Correct Answers -Managing all of the enabling systems necessary to
facilitate the complete integration of the operations, supply, and logistics functions
outlined above
- enabling systems
- supply chain risk and security management
- performance measurement
- project management
Forecasting & Demand Planning - Correct Answers -match demand to available
capacity
Planning Systems - Correct Answers -linking supply to demand via MRP and ERP
systems
Process Management - Correct Answers -using LEAN Manufacturing to improve the
flow of materials to reduce inventory levels, and using Six Sigma to improve quality
compliance across all suppliers(internal and external)
Purchasing - Correct Answers -responsibility for procuring materials, supplies, and
services
Supplier Management - Correct Answers -improve performance through supplier
evaluation and supplier certification
Strategic Partnerships - Correct Answers -successful and trusting relationships with top-
performing suppliers
Ethics and Sustainability - Correct Answers -recognizing suppliers' impact on reputation
and carbon footprint
Capacity Requirement Planning (CRP) - Correct Answers -A short-range capacity
planning module used to check the feasibility of the Material Requirements Plan.
Distribution Requirements Planning (DRP) - Correct Answers -A time-phased finished
good inventory replenishment plan in a distribution network. The function of determining
the need to replenish inventory at branch warehouses.
MANAGEMENT WARREN H COHEN
EXAM 1
Supply Chain - Correct Answers -The flow of materials and product
Tier 1 - Correct Answers -Direct Supplier or Customer
Some Suppliers and some Customers can be both Tier 1 and Tier 2
Tier 2 - Correct Answers -Indirect supplier and or customer
Some Suppliers and some Customers can be both Tier 1 and Tier 2
Tier 3 - Correct Answers -Indirect supplier and or customer
Goal of Supply Chain Management - Correct Answers -Increase Customer Service
while simultaneously reducing both inventory investment and operating expenses
Old paradigm - Correct Answers -Firm gained synergy as a vertically integrated firm
encompassing the ownership and coordination of several supply chain activities.
Organizational cultures emphasized short-term, company focused performance.
New Paradigm - Correct Answers -Firm in a supply chain focuses activities in its area of
specialization and enters into voluntary and trust-based relationships with supplier and
customer firms.
Operations Management - Correct Answers -Managing internal resources
- Forecasting and demand planning
- planning systems
- inventory management
- process management
Supply Management - Correct Answers -Managing all of the supplies and suppliers that
are needed to run the business
- purchasing management
- strategic sourcing
- supplier relationship management
, Logistics Management - Correct Answers -Managing all of the movement and storage of
products and materials within the supply chain, whether the flow is forward or reverse
- warehousing and distribution
- transportation
- internal trade management
- customer relationship management
- service response logistics
Integration - Correct Answers -Managing all of the enabling systems necessary to
facilitate the complete integration of the operations, supply, and logistics functions
outlined above
- enabling systems
- supply chain risk and security management
- performance measurement
- project management
Forecasting & Demand Planning - Correct Answers -match demand to available
capacity
Planning Systems - Correct Answers -linking supply to demand via MRP and ERP
systems
Process Management - Correct Answers -using LEAN Manufacturing to improve the
flow of materials to reduce inventory levels, and using Six Sigma to improve quality
compliance across all suppliers(internal and external)
Purchasing - Correct Answers -responsibility for procuring materials, supplies, and
services
Supplier Management - Correct Answers -improve performance through supplier
evaluation and supplier certification
Strategic Partnerships - Correct Answers -successful and trusting relationships with top-
performing suppliers
Ethics and Sustainability - Correct Answers -recognizing suppliers' impact on reputation
and carbon footprint
Capacity Requirement Planning (CRP) - Correct Answers -A short-range capacity
planning module used to check the feasibility of the Material Requirements Plan.
Distribution Requirements Planning (DRP) - Correct Answers -A time-phased finished
good inventory replenishment plan in a distribution network. The function of determining
the need to replenish inventory at branch warehouses.
