CPFR Study guides, Class notes & Summaries

OPMA 317 Final Latest 2023 Already Passed What caused people to **** up in the beer game bullwhip effect Bullwhip Effect Information (orders) going back through the supply chain is distorted and then amplified How does a long lead time affect decision making panic - when inventory does not instantly arrive and solve your growing backlog, you panic and order even more What are the business implications of the supply chain structure? (5) Stock outs at times Excess inventory at times Overtime c...

MKTG 3340 Quiz 4 (9, 11, 12)sourcing - correct answer evaluating and hiring suppliers procurement - correct answer purchasing goods and services from suppliers safety stock - correct answer Backup inventory that serves as a buffer in case the demand for a product surges or the supply of it drops off for some reason. logistics - correct answer The physical flow of materials in the supply chain. track and trace systems - correct answer Systems that electronically record the paths shipm...

MKTG 3340 quiz 4Sourcing Evaluating and hiring suppliers Procurement Purchasing goods and services from suppliers Brainpower Read More Outsourcing Hiring an organization to do a task previously performed by a firm Offshoring Outsourcing work to companies located overseas Insource The process of having an employee of your organization complete a marketing project, or hiring staff for an ongoing marketing function Advantages of outsourcing - More value - More co...

SCM 303 Exam #3 MSU Spink HW Q's / MSU Spink HW Q's for exam 3 Bowersox Ch5, Swink Ch7, Johnson Ch1 and Ch2 60 Questions with 100% Correct Answers | Updated & Verified Which of the following is not a theoretical factor of forecasting? Amount Trend Cyclical Seasonal - Amount Advanced planning and scheduling (APS) facilitates improvements in customer service by ______. a. reducing the time to make accurate commitments to customers b. reducing inventory levels c. improving resour...

MGMT 4000 Exam 2 - UGA - Montgomery with complete solution Aggregate operations plan A plan for labor and production for the intermediate-term with the objective to minimize the cost of resources needed to meet demand Sales and operations planning The process that companies use to keep demand and supply in balance by coordinating manufacturing, distribution, marketing, and financial plans. Production planning strategies Plans for meeting demand that involve trade-offs in the number of wo...

MGMT 4000 Exam 2 - UGA - Montgomery with complete solution Aggregate operations plan A plan for labor and production for the intermediate-term with the objective to minimize the cost of resources needed to meet demand Sales and operations planning The process that companies use to keep demand and supply in balance by coordinating manufacturing, distribution, marketing, and financial plans. Production planning strategies Plans for meeting demand that involve trade-offs in the number of wo...

The supply chain features a constant flow of.... information, products, and funds SC surplus involves what 2 parts? Customer value and supply chain cost Customer value is... the sum of the supply chain surplus and supply chain cost. The objective of every supply chain is to... maximize the overall value generated Walmart's SC features clusters of stores around distribution centers, which facilitates.. Frequent but inexpensive replenishment at the stores t...

APICS CPIM Exam Part 2 Module 2 decoupling point -Answer-point at which inventory is stored, which allows supply chain to operate independently mass customization -Answer-creation of high volume product with large variety where customers can choose an exact model out of a large pool of possible end items least squares method -Answer-selects a line of best fit through a plot of data to minimize the sum of square of the deviations multiple regression model -Answer-an equation that describes...

SCM 361 final questions and answers latest top score. 5 C's of global supply chain design - correct tibility configuration coordination control continuity/contingency Compatibility - correct answers.Match country's advantage with the firm's strategy Configuration - correct answers.Where in the world to locate value-added activities Coordination - correct answers.How to connect geographically dispersed activities to work together to create value control - c...

14 Points - Answer W. Edwards Deming's 14 management practices to help companies increase their quality and productivity A3 Method - Answer A means of compactly describing a business process Abnormal Demand - Answer Demand in any period that is outside the limits established by management policy Absorption Costing - Answer An approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit production. Acceptable Quality Level (AQL) - Ans...