Supply chain management SCM 300 Exam 1 Review

SCM 300 – Spring A Exam 1 Study Guide 1. 3 branches of supply chain & what they are responsible for 1. Procurement, (Purchasing): the branch of supply chain where deals happen, negotiations a for the best price on materials, equipment, goods, and services. 2. Operation: the branch responsible for efficiency, operation help the organization to create and acquire high quality products or services while using the fewest resources from the organizations end. 3. Logistics: is concerned with transportation, finding the right partners or best ways to get the product or service from origin to consumption. 4. Reverse 2. DC, TBO, AHC, AOC, EOQ, total annual savings, minimum inventory levels, cycle time, theoretical minimum number of workstations calculations & logic (formulas will be provided) 1. Key variable in elementary inventory calculations: 1. Q - Lot size 2. D – annual demand 3. C – Cost to purchase one unite 4. H – Cost to hold one uni