SCM 300 FINAL
Competitive Priorities - CORRECT ANSWER-Cost: Consider material cost,
production cost, packaging, transportation, storage cost, quality costs, customer
service cost, and other organizational cost.
Quality: Design quality, Material & Production quality, quality level delivered,
consistent quality, service quality.
Speed/Time: Delivery time and on time delivery
Flexibility: Production or customization flexibility, volume flexibility, mass
customization. Design flexibility, facility flexibility, tools/machinery flexibility,
employee flexibility, service flexibility
Productivity and Value - CORRECT ANSWER-Productivity: Organizational
perspective - What did I make (Output), What was the cost (Input)?
Value: Customer perspective - What do I get ? (Quality, Quantity, Size) What is
the price? (Money, waiting time, warranty)
What are SCM, Operations Management, Logistics, and Procurement? -
CORRECT ANSWER-Supply Chain Management: the efficient integration of
suppliers and manufacturers, transporters, distribution centers, warehouses.
Retailers and all other parties associated tasked with the successful delivery of
the final product and or service.
Operations Management: Design, operation, and improvement of the production
systems that efficiently transform INPUTS into Finished Goods & Services,
maximizing productivity
Logistics: is the coordinated planning and execution of the following: Preparation
of Packaged product, movement itinerary, storage itinerary, product distribution
throughout the supply chain.
, -Example of duties: Distribution/Warehousing, Infrastructure Mgmt., Packaging,
Containerization, transportation, documentation, third party management and
communication
Procurement: The process of obtaining services, supplies, and equipment in
conformance with corporate regulations.
-Example of duties: supplier selection, purchasing negotiations, managing
supplier relationships - Motivation, Development. Materials/ Inventory
Management
Define: Upstream, Downstream, Reverse Logistics, 1st and 2nd tier suppliers -
CORRECT ANSWER-Upstream: In a supply chain, the direction that point
toward the suppliers.
-Ex: make sure empty boxes return for reuse
Downstream: In a supply chain, the direction that points toward the end
consumer, finds way to get goods and services get closer to the customer in an
effective and efficient manner.
Reverse logistics: Got lot of products and services returned and damaged。
Reverse Logistics: The management of products that flow backward in the supply
chain, away from the consumer and back in the direction of manufactures.
-Ex: Moving products and packaging away from the customer can be costly.
1st-tier suppliers: A company's direct suppliers. A firm that directly provides
goods and services to a company.
2nd-tier suppliers: A firm that provide goods and services to a company's first tier
supplier. Poor 2nd supplier will have problems to fulfilling the needs for S1
company
Define safety stock, pipeline inventory, vertical integration - CORRECT
ANSWER-safety stock: Safety stock is to protect against the uncertainty in the
supply, demand and lead time. Not intended to be used, work as a cushion and
insurance
Competitive Priorities - CORRECT ANSWER-Cost: Consider material cost,
production cost, packaging, transportation, storage cost, quality costs, customer
service cost, and other organizational cost.
Quality: Design quality, Material & Production quality, quality level delivered,
consistent quality, service quality.
Speed/Time: Delivery time and on time delivery
Flexibility: Production or customization flexibility, volume flexibility, mass
customization. Design flexibility, facility flexibility, tools/machinery flexibility,
employee flexibility, service flexibility
Productivity and Value - CORRECT ANSWER-Productivity: Organizational
perspective - What did I make (Output), What was the cost (Input)?
Value: Customer perspective - What do I get ? (Quality, Quantity, Size) What is
the price? (Money, waiting time, warranty)
What are SCM, Operations Management, Logistics, and Procurement? -
CORRECT ANSWER-Supply Chain Management: the efficient integration of
suppliers and manufacturers, transporters, distribution centers, warehouses.
Retailers and all other parties associated tasked with the successful delivery of
the final product and or service.
Operations Management: Design, operation, and improvement of the production
systems that efficiently transform INPUTS into Finished Goods & Services,
maximizing productivity
Logistics: is the coordinated planning and execution of the following: Preparation
of Packaged product, movement itinerary, storage itinerary, product distribution
throughout the supply chain.
, -Example of duties: Distribution/Warehousing, Infrastructure Mgmt., Packaging,
Containerization, transportation, documentation, third party management and
communication
Procurement: The process of obtaining services, supplies, and equipment in
conformance with corporate regulations.
-Example of duties: supplier selection, purchasing negotiations, managing
supplier relationships - Motivation, Development. Materials/ Inventory
Management
Define: Upstream, Downstream, Reverse Logistics, 1st and 2nd tier suppliers -
CORRECT ANSWER-Upstream: In a supply chain, the direction that point
toward the suppliers.
-Ex: make sure empty boxes return for reuse
Downstream: In a supply chain, the direction that points toward the end
consumer, finds way to get goods and services get closer to the customer in an
effective and efficient manner.
Reverse logistics: Got lot of products and services returned and damaged。
Reverse Logistics: The management of products that flow backward in the supply
chain, away from the consumer and back in the direction of manufactures.
-Ex: Moving products and packaging away from the customer can be costly.
1st-tier suppliers: A company's direct suppliers. A firm that directly provides
goods and services to a company.
2nd-tier suppliers: A firm that provide goods and services to a company's first tier
supplier. Poor 2nd supplier will have problems to fulfilling the needs for S1
company
Define safety stock, pipeline inventory, vertical integration - CORRECT
ANSWER-safety stock: Safety stock is to protect against the uncertainty in the
supply, demand and lead time. Not intended to be used, work as a cushion and
insurance
