MGSC 487 EXAM 3 STUDY GUIDE
Supply Chain Management - Answers - is concerned with the efficient integration of
suppliers, factories, warehouses and stores so that merchandise is produced and
distributed In the right quantity • To the right locations • At the right time
SCM goals - Answers - Minimize total system cost, Satisfy customer service level
policy/requirements, Create sustainable, competitive advantage
COVID 19 impacts - Answers - Unprecedented variability in demand Extreme drops in
Airlines, Hotels, Restaurants. Explosive increases in Medical, Work From Home. Lumpy
demand (completely unpredicted) "The stay-cationers" - home improvements
Key Lesson from COVID - Answers - need to diversity supply chain
Trade growth - Answers - South & Central Asia, sub-saharan Africa, and ASEAN
expected to grow the most
South & Central Asia - Answers - India, Pakistan, Bangladesh, The "-stan" countries, •
Oil • Copper • Uranium • Pharmaceuticals • Cotton
ASEAN Nations - Answers - Association of South East Asian Nations; • Electrical
Machinery • Crude and refined petroleum • Vehicles and components • Rubber •
Seafood **still need to develop supply chains, safety certs, capital investments
(factories), and talent to be an alt to China
Sub Saharan Africa - Answers - Africa - minus 5 states in North Africa and the Sudan, •
Petroleum • Gold • Copper • Cocoa • Coffee & Tea • Cotton
China +1 - Answers - diversifying operations outside of China-Apple (from 95% to 75%),
Foxconn establishing stuff in Vietnam
Supply Chain Resilience (CUDI) - Answers - ability to respond quickly to operational
disruptions through flexible contingency planning-Create plan for all components,
Understand and leverage data, Diversify suppliers and manufacturing partners,
Implement capacity and inventory buffers
Role of Sourcing Professional - Answers - • Nearshoring and Regionalization • Supply
Chain Digitization • Sustainability & Ethical Sourcing • Supplier diversification • Cost vs
Value Balance
"disruptive" technologies - Answers - Artificial Intelligence Machine Learning Internet of
Things 3D Printing Autonomous Things (e.g. Drones)
Supply Chain Management - Answers - is concerned with the efficient integration of
suppliers, factories, warehouses and stores so that merchandise is produced and
distributed In the right quantity • To the right locations • At the right time
SCM goals - Answers - Minimize total system cost, Satisfy customer service level
policy/requirements, Create sustainable, competitive advantage
COVID 19 impacts - Answers - Unprecedented variability in demand Extreme drops in
Airlines, Hotels, Restaurants. Explosive increases in Medical, Work From Home. Lumpy
demand (completely unpredicted) "The stay-cationers" - home improvements
Key Lesson from COVID - Answers - need to diversity supply chain
Trade growth - Answers - South & Central Asia, sub-saharan Africa, and ASEAN
expected to grow the most
South & Central Asia - Answers - India, Pakistan, Bangladesh, The "-stan" countries, •
Oil • Copper • Uranium • Pharmaceuticals • Cotton
ASEAN Nations - Answers - Association of South East Asian Nations; • Electrical
Machinery • Crude and refined petroleum • Vehicles and components • Rubber •
Seafood **still need to develop supply chains, safety certs, capital investments
(factories), and talent to be an alt to China
Sub Saharan Africa - Answers - Africa - minus 5 states in North Africa and the Sudan, •
Petroleum • Gold • Copper • Cocoa • Coffee & Tea • Cotton
China +1 - Answers - diversifying operations outside of China-Apple (from 95% to 75%),
Foxconn establishing stuff in Vietnam
Supply Chain Resilience (CUDI) - Answers - ability to respond quickly to operational
disruptions through flexible contingency planning-Create plan for all components,
Understand and leverage data, Diversify suppliers and manufacturing partners,
Implement capacity and inventory buffers
Role of Sourcing Professional - Answers - • Nearshoring and Regionalization • Supply
Chain Digitization • Sustainability & Ethical Sourcing • Supplier diversification • Cost vs
Value Balance
"disruptive" technologies - Answers - Artificial Intelligence Machine Learning Internet of
Things 3D Printing Autonomous Things (e.g. Drones)
