WGU D471 Global Supply Chain Management
WITH QUESTIONS AND WELL VERIFIED ANSWER
ALREADY GRADED A+
ABC Analysis
A tool for classifying inventory based on degree of importance.
Additive Manufacturing
Also known as 3-D printing, it is a process that creates a solid object from a software design. The
process deposits materials such as plastics and metals in thick layers one on top of the other,
gradually building up one layer at a time until the object is produced.
Alliances
The most comprehensive of buyer-supplier relationships reflected by high interaction frequency
and significant trust and commitment between supply chain partners.
Anticipation Inventory
Inventories carried in anticipation of events, such as seasonality or price increases.
Assemble-to-Order Strategy
An inventory strategy in which the product is partially completed and kept in a generic form,
then finished when an order is received.
Assignable Variation
Variation that is caused by factors that can be clearly identified and managed.
Batch Process
A process used to produce small quantities of products in groups or batches based on customer
orders or product specifications.
, Benchmarking
A method for comparing and quantifying operational performance to establish internal targets
based on best in class results.
Big Data Analytics
Applying math and statistics to large data sets referred to as Big Data.
Bill of Materials (BOM)
A list that shows all the raw materials, components, and subassemblies that go into a product. It
also shows the quantities and relationships of items needed to make a final product.
Break-Even-Analysis
A tool used to compute the product quantity that needs to be sold for a company to cover their
costs—called the "break-even point."
Bullwhip Effect
The phenomenon where fluctuation and distortion of information increases as it moves up the
supply chain, from retailers, to manufacturers, to suppliers.
Business Process
A structured set of activities or steps with specified outcomes.
Business Strategy
A plan for the company that defines the company's long-term goals, how it plans to achieve
these goals, and the way the company plans to differentiate itself from its competitors.
Carbon Footprint
An ecological footprint metric that measures the amount of carbon released into the
atmosphere, which is correlated with adverse effects on climate stability.
Cash-to-Cash Cycle
The time it takes to convert an order into cash.
Causal Models
Forecasting models based on the assumption that the variable being forecast is related to other
variables in the environment; a model is developed identifying these relationships, expressing
them in mathematical terms, and using that information to forecast the future.
WITH QUESTIONS AND WELL VERIFIED ANSWER
ALREADY GRADED A+
ABC Analysis
A tool for classifying inventory based on degree of importance.
Additive Manufacturing
Also known as 3-D printing, it is a process that creates a solid object from a software design. The
process deposits materials such as plastics and metals in thick layers one on top of the other,
gradually building up one layer at a time until the object is produced.
Alliances
The most comprehensive of buyer-supplier relationships reflected by high interaction frequency
and significant trust and commitment between supply chain partners.
Anticipation Inventory
Inventories carried in anticipation of events, such as seasonality or price increases.
Assemble-to-Order Strategy
An inventory strategy in which the product is partially completed and kept in a generic form,
then finished when an order is received.
Assignable Variation
Variation that is caused by factors that can be clearly identified and managed.
Batch Process
A process used to produce small quantities of products in groups or batches based on customer
orders or product specifications.
, Benchmarking
A method for comparing and quantifying operational performance to establish internal targets
based on best in class results.
Big Data Analytics
Applying math and statistics to large data sets referred to as Big Data.
Bill of Materials (BOM)
A list that shows all the raw materials, components, and subassemblies that go into a product. It
also shows the quantities and relationships of items needed to make a final product.
Break-Even-Analysis
A tool used to compute the product quantity that needs to be sold for a company to cover their
costs—called the "break-even point."
Bullwhip Effect
The phenomenon where fluctuation and distortion of information increases as it moves up the
supply chain, from retailers, to manufacturers, to suppliers.
Business Process
A structured set of activities or steps with specified outcomes.
Business Strategy
A plan for the company that defines the company's long-term goals, how it plans to achieve
these goals, and the way the company plans to differentiate itself from its competitors.
Carbon Footprint
An ecological footprint metric that measures the amount of carbon released into the
atmosphere, which is correlated with adverse effects on climate stability.
Cash-to-Cash Cycle
The time it takes to convert an order into cash.
Causal Models
Forecasting models based on the assumption that the variable being forecast is related to other
variables in the environment; a model is developed identifying these relationships, expressing
them in mathematical terms, and using that information to forecast the future.
