Supply Chain Management
Study online at https://quizlet.com/_hutzup
1. Operations and supply chain strategy: The setting of broad policies and plans that will guide the
use of the resources needed by the firm to implement its corporate strategy.
2. Initiatives: They are the major steps that need to be taken to drive success in the firm.
3. The seven operations and supply chain competitive dimensions:: • Price, Quality,
Delivery Speed, Delivery Reliability; Coping with Changes in Demand; Flexibility and New-Product Introduction Speed;
Other Product-Specific Criteria.
4. Trade-off: It is the approach for identifying the key areas that significantly impact overall success and allocating
resources accordingly to optimize those specific characteristics.
5. Order "winner": It is the criteria used by customers to differentiate the products and services of one firm from
those of other firms.
6. Order "qualifier": Those dimensions that are necessary for a firm's products to be considered for purchase
by customers
7. Supply chain risk: The likelihood of a disruption that would impact the ability of a company to continuously
supply products or services.
8. Productivity: It is a measure of how well resources are used. ( Outputs / Inputs)
9. Triple bottom line: Evaluates the firm social responsibility; economic prosperity; and environmental criteria.
10. Contract Manufacturer: An organization that performs manufacturing and/or purchasing needed to
produce a product or device not for itself, but as a service to another firm.
11. Six Phases of the Generic Development Process: Planning, concept development, sys-
tem-level design, design details, testing and refining, and production ramp-up.
12. Quality Function Deployment (QFD): This is an approach that uses interfunctional teams to get
the voice of the customer into the design specification of a product.
13. House of Quality: A matrix that helps a product design team translate customer requirements into
operating and engineering goals.
14. Measures of Product Development Success: time to market, productivity, quality.
15. Economic Analysis of Project Development: Consists of estimating the timing and magnitude
of future cash flows is used to understand the financial implications of a product development.
16. Strategic Capacity Planning: Its objective is to provide an approach for determining the overall level
of capacity-intensive resources: Facilities, Equipment; and Labor force size.
17. Learning Curve: A line displaying the relationship between unit production time and the cumulative number
of units produced. The line represents the relationship between the time required to produce a unit and the cumulative
number of units produced.
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Study online at https://quizlet.com/_hutzup
1. Operations and supply chain strategy: The setting of broad policies and plans that will guide the
use of the resources needed by the firm to implement its corporate strategy.
2. Initiatives: They are the major steps that need to be taken to drive success in the firm.
3. The seven operations and supply chain competitive dimensions:: • Price, Quality,
Delivery Speed, Delivery Reliability; Coping with Changes in Demand; Flexibility and New-Product Introduction Speed;
Other Product-Specific Criteria.
4. Trade-off: It is the approach for identifying the key areas that significantly impact overall success and allocating
resources accordingly to optimize those specific characteristics.
5. Order "winner": It is the criteria used by customers to differentiate the products and services of one firm from
those of other firms.
6. Order "qualifier": Those dimensions that are necessary for a firm's products to be considered for purchase
by customers
7. Supply chain risk: The likelihood of a disruption that would impact the ability of a company to continuously
supply products or services.
8. Productivity: It is a measure of how well resources are used. ( Outputs / Inputs)
9. Triple bottom line: Evaluates the firm social responsibility; economic prosperity; and environmental criteria.
10. Contract Manufacturer: An organization that performs manufacturing and/or purchasing needed to
produce a product or device not for itself, but as a service to another firm.
11. Six Phases of the Generic Development Process: Planning, concept development, sys-
tem-level design, design details, testing and refining, and production ramp-up.
12. Quality Function Deployment (QFD): This is an approach that uses interfunctional teams to get
the voice of the customer into the design specification of a product.
13. House of Quality: A matrix that helps a product design team translate customer requirements into
operating and engineering goals.
14. Measures of Product Development Success: time to market, productivity, quality.
15. Economic Analysis of Project Development: Consists of estimating the timing and magnitude
of future cash flows is used to understand the financial implications of a product development.
16. Strategic Capacity Planning: Its objective is to provide an approach for determining the overall level
of capacity-intensive resources: Facilities, Equipment; and Labor force size.
17. Learning Curve: A line displaying the relationship between unit production time and the cumulative number
of units produced. The line represents the relationship between the time required to produce a unit and the cumulative
number of units produced.
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