UARK INTRO TO SUPPLY CHAIN EXAM 3 (THOMAS) QUESTIONS AND ANSWERS ALL VERIFIED BY AN EXPECT A+ GRADED

K
C
UARK INTRO TO SUPPLY
LO
CHAIN EXAM 3 (THOMAS)
QUESTIONS AND ANSWERS
YC

ALL VERIFIED BY AN
D


EXPECT A+ GRADED
U
ST

, product design
the process of creating a set of specifications from which a product can be produced


Aim of Product design
- Design products with less parts, simpler designs
-More flexible, more responsive, cost efficient
-Implement Cross functional product design teams




K
Production Scheduling (Make)
Allocation of resources to accomplish specific tasks (last stage of planning before production)




C
Production Scheduling Objectives


LO
1. High Utilization Rates
- long productions runs and centralized manufacturing
2. Low inventory levels
-Short production runs, just in time delivery
3. High level of customer service
YC
- High inventory of many short production runs


Runout Time
RunOut time= # of products on hand (P) / Product demand in units for day or week (D)
D


R=P/D
U



Economic Lot Size (ELS)
-Balances production setup costs against inventory carrying cost
ST




facility management (Make)
3 decisions involved:
1. The role of each facility
2. The capacity allocated
3. The allocation of suppliers to each facility


Order Management (Delivery)
The process of passing order information from customers back through the supply chain from
retailers to distributors to service providers and producers