the goals of supply chain management are to quizlet

Carriers will offer better rates if clients give them revenue miles in ______________. Supply chains are primarily about cost reduction activities. The goal of Supply Chain Management is to increase customer service by increasing inventory and reducing costs (True or False). Select the information that is needed to determine the capacity forecast, which is a part of the supply review. a country or jurisdiction with very low corporate taxes. Time - When companies look at selecting supply chain performance metrics, they usually will examine those metrics that relate to time, as they are easily calculated, easily understood, and clearly show operational effectiveness. to build long-term relationships that increase the profitability of both buyers and sellers. Which of the following is the primary issue enterprise systems are designed to address? What is the advantage of proprietary equipment? Invented by Malcolm McLean it reduced handling cost by 97%, Supply chains are generally described as spanning from end-to-end, i.e., from your suppliers-suppliers on one end, through your internal operations, and out to your customers-customers on the other end, Supply Chain Operations Research Model: Plan, -Planning establishes the parameters within which the supply chain will operate, Supply Chain Operations Research Model: Source, -Sourcing is the process of identifying the suppliers that provide the materials and services needed for the supply chain to deliver the finished product(s) desired by the customer(s), Supply Chain Operations Research Model: Make. Why has supply chain management recently received more recognition? (Select all that apply. what are the objectives of supply chain management quizlet. - Efficiency maximization. Which of the following relationship types is the best to pursue? Supply chain risks can only be effectively mitigated by managing risk at each node in the supply chain, Firms need to be more flexible and responsive to customer needs, adapting to unexpected changes. 24. Issues of dis-integration happen both within the supply chain and in its relationship with other business functions. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. Supply chain management includes the collection of materials, the manufacture of products, and the delivery to the consumer. This aggregate planning technique is known for being examined under a variety of conditions. coordinate and integrate all of the activities performed by supply chain members into a seamless process, from the source to the point of consumption, ultimately giving supply chain managers "total visibility" inside and out of the firm. What does the supply chain represent quizlet? Modern companies are turning to supply chain management for competitive advantage. Supply Chain Operations Research Model: Deliver. Start studying Supply Chain Management 300 Chapter 1, 2, 3. Supply-chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". Demand forecasting can be done via a variety of sophisticated techniques, Companies are focused on risk mitigation to offset business volatility. ________________ = Rate bargaining power when negotiating rates. In high-end restaurants, steaks are generally cooked after the wait staff person places the order to the kitchen with the customer's preference. A supply chain is a network of businesses that interact with one another to create a common goal or goal of buying goods or services. The chain starts with the producer and goes through the wholesaler, retailer, and end user. This led the Supply Chain Research Group at the University of Tennessee (Mentzer, 2000) to define a supply chain as Why Is It Important To Control The Supply Chain Quizlet? (Select all that apply. Definition. The "Great Divide" in supply chain management occurs between: demand-generating activities and demand-fulfilling activities. To enhance the customer experience, Apple also operates a chain of over 450 additional stores worldwide in f. equipment design rate multiplied by 24 hours/day times 365 days/year, The following are true about a value. (Select all that apply. Ans. A dollar saved in material costs goes directly to an increase in revenue for the organization. Reduce time for collection of accounts receivable. In traditional mass-market manufacturing, production begins when forecasts call for additional products to be made or when inventory control systems signal low inventory levels. S pecific. A supply chain relationship _______ (Select all that apply.). The primary purpose of an effective supply chain is to make or create a readily available inventory to fulfill the customer's demand. supports manufacturing flow by identifying and maintaining relationships with highly valued suppliers. Which type of product profile would typically require a company to hold less inventory on hand? (001) If you are *performing duties* in Air Force Specialty Code (AFSC) *2T251*, which title describes you best. Becoming more efficitient and effective. Challenge of Supply Chain _____are low in value but often have complex specifications or custom design and, therefore, they require a unique buying process that can be costly or difficult to manage. ordering of goods. For a company producing leather goods embossed with a customer's initials, which type of supply chain fulfillment model would typically make most sense? This is done through tremendous effort involving time, money . How does supply chain management create value? Warehouses were once relegated to the outskirts of cities, but companies are now reexamining the economics of locating warehouses in city centers to provide increased responsiveness to customers. They are the most visible piece of the supply chain. The National Preparedness Goal identifies five mission areas and 32 core capabilities intended to assist everyone who has a role in achieving all of the elements in the Goal. Which one of the types of planning was not introduced in this module? B.dose not integrate well with functional areas other Energy costs are significant in the processing of aluminum into beverage cans. Still internally focused. What megatrend will greatly challenge supply chain managers? -Understand the company's business strategy and core customer requirements. 7,290. The cost of supplied material is passed on to the customer. the process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumtion, the link that connects all the logistics functions of the supply chain. A system to keep track of the inventory on hand and on order 2. Most primary goals of efficient supply chain management should be - faster delivery, Higher efficiency, and an accelerated cash flow. Search. Which of the following is the most important "right" of purchasing? Latest second hand Suzuki GT bikes for sale . A supply chain is 3 or more companies directly linked by the upstream and downstream flows of materials, energy, money, people, and information from a source to a customer. Traditional Production Scheduling and Mass customization (build-to-order). If the company staff could redesign their supply chain to wait until after a demand signal is received before they begin production and delivery and still retain their customers, would this generally be a preferred action? Supply chain managers coordinate with key players in the supply chain: suppliers, logistics teams, and customers, often working globally and overseeing suppliers, purchasing orders, warehouses, and forecasting. Let's have a sneak-peek into some high-level supply chain management goals. The business loses sight of market trends. _____involves using software packages to better see trends and patterns in data. If a technology company wanted to become world renowned for its customer service, which type of benchmarking might it use to gather data? Such development requires two things, most nearly. Should all customers receive the same level of customer service? concerned with ensuring that firms in the supply chain have the needed resources to manufacture with flexibility and to move products through a multi-stage production process. Pull or Make-to-Order, -Push or Make-to-Stock: Producing stock on the basis of anticipated demand. Term. What was #1 from the Top 10 SCM innovations video? Effective managers and supervisors can be developed from among the rank and file. Enterprise systems facilitate integration among all internal business functions and operations via a centralized data repository, which ensures that all business functions and departments have access to the same data source. Question 16. Purchasing departments plan purchasing strategies, develop specifications, select suppliers, and negotiate price and service levels. (Select all that apply.). highly integrated process, often requires persons from multiple companies and multiple functions to come together and coordinate to create customers satisfaction at a given place and time. Push or Make-to-Stock vs. Planners spend most of their time focusing on exceptions. To be effective, management must have the following: 1. Purchasing and supply management primarily affects which of the following at the organizational level? What has been the traditional top priority of supply chain organizations in most companies? External collaboration and partnerships were virtually nonexistent, -Manufacturers focused on inventory reduction to improve cash flow and reduce cost. Either transactional or relational contract depending upon the goal. All of them can be traced back to four fundamental factors that are the goals of pursuing social sustainability in the first place: Ensure adherence to proper labor, safety, and security standards mental aspect of supply chain management is the consideration of not just the cost and profit goals of one company (the focal organization), but of all the companies involved in managing the supply chain. Warehouse services. Order management. A) Understand customers and supply chain B) Match supply chain responsiveness with the implied uncertainty of demand C) Meet short lead times D) Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness E) all of the above Answer: C Diff: 2 Topic: 2.2 Achieving Strategic Fit 24) The cost of . Production scheduling based on pushing a product down to the consumer has disadvantages: 1. sourcing and procurement of raw materials and supplies. But just as important are information flows. But there's much more power in integrating that information into your real-time . Q. A company can create a cost advantage by improving the efficiency of its supply chain. (Select all that apply.). Learn vocabulary, terms, and more with flashcards, games, and other study tools. It is natural within organizations for functions to cooperate for the good of the overall organization. a system that facilitates end-to-end execution of business processes. -Make or manufacturing is the series of operations performed to convert materials into a finished product. At what time during flight do these parts play a major role. Suzuki GT 500 550cc 1975 | Classic. Transportation management. The Vested methodology is best described as _______. View more. Throughput _ refers to the With 18 Suzuki GT bikes available on Auto Trader, we have the best range of bikes for sale across the UK. Outsourcing landed cost is usually higher than insourcing cost. Managers can maximize strengths and efficiencies at each level of the process to create a highly competitive, customer driven supply system that is able to respond immediately to changes in supply and demand. Which measurement would likely lower if the supply chain team used less raw material through an enhanced manufacturing process? Which type of inventory do firms use to hedge against variation in downstream customer demand and variation in delivery lead time from suppliers? Theoretical capacity includes which of the following items? Protection Protect our citizens, residents, visitors, and assets against the greatest threats and hazards in a . For a group of neighborhood children who are operating a lemonade stand at the community pool, which type of supply chain fulfillment model would typically make most sense? Objectives of Logistics Management in SCM. A company is currently using lean value fulfillment. It is believed that by studying the management process, you are increasing your effectiveness as a manager. 1. EDI and API are essentially the same thing called by different names. What would be the best approach to use if a manager wants to assess risk across key locations around the globe? The owner (client) should not be a member of the team. Ironclad compliance requires comprehensive traceability, but there's more to it. what are the objectives of supply chain management quizlet. The move to lean and then responsive value creation requires a paradigm shift from a _______ mentality to a customer ________ mentality. SCM Supply Chain Management Definitions & Terms. what are the objectives of supply chain management quizlet 31 Aug. what are the objectives of supply chain management quizlet. 1975 (N reg) | Classic | 550cc | 29,284 miles | Petrol. View Test Prep - SCM quiz.xlsx from SCM-2020 MISC at Sullivan University. Which of the following is not a goal of supply chain management? ABC Company anticipates a pending event and is able to reroute product flow to avoid being disrupted. ___________ are goods that are of high value to internal and external customers but are not in a complex purchasing environment. The centralized storage and management of this data, which serves as a single product record with complete up-to-date definition on an organization's products, is accessible to product development teams from designer to manufacturer. ), To provide important information to others in the supply chain. How much energy can be saved when cans are recycled through closed-loop systems? The "Great Divide" in supply chain management occurs between: suppliers and manufacturers demand-generating activities and demand-fulfilling activities sales and marketing activities organizations and their customers demand-generating activities and demand-fulfilling activities What megatrend will greatly challenge supply chain managers? Which measurement would likely rise if the supply chain team was able to partner with a logistics provider to use the company-owned trucks and distribution center for more hours per week? Overall, supply chain operations should have the following objectives; - Value creation. Here are the fundamental steps for effective supply chain career planning: 1) Set Career Goals that Motivate You. By | August 31, 2022 | high energy snacks for labour According to the text, this is an example of The primary purpose of risk management trend analysis is to: A. meet regulatory requirements. Product Development and Commercialization Process, group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms. Tactical management focuses, instead, on processes and procedures that can save time and money while also meeting customer demands and providing value. Setting goals for improvement projects. The goal of a _____________ is to facilitate the movement of goods and raw materials from origin to destination in an efficient, reliable, and cost-effective manner. Which of the following is not a common reason organizations invest in IT? What type of continuity/resiliency capability does this best represent? safari redirect virus iphone; accenture middle east; lee women's comfort knit straight leg pant. -Intense global competition - enter concepts for quality, inventory management & development of alliances. Why is manufacturing referred to as the "center" of the supply chain? There are three main categories of supply chain performance metrics; time, cost and quality . - Cost reduction. The result was disjointed and often ineffective supply chains. . (Refer to Figure 162.) Which of the choices below is not one of the ways that companies can use to foster an integrated approach to supply chain management? Planners who work at a strategic level with suppliers are called _____. Without career goals, you will lack focus and direction when it comes to your career in supply chain. The goal of supply chain management is to create a competitive advantage for a company. Both a communicator and physical flow process. krylon sea glass spray paint colors; who makes mopar thermostats For a manufacturing company buying steel on the commodity market, what would likely be the best relationship approach? (1) the goal of supply chain management is to increase customer service while simultaneously reducing both inventory investment and operating (1) the two main reasons that companies implement supply chain management are to achieve cost savings better coordinate resources How Do You Do Supply Chain Management (SCM)? Which of these actions will most directly lead to more cash on hand for an organization? Littlejohn Company sources a critical component from a supplier in China and a supplier in Mexico. ), effectiveness, efficiency, and adaptability; the ultimate goals of supply chain management is to make high quality products and services in a timely fashion that meet the changing needs of customer and do so in a way that utilizes as few resources as possible, defects, overproduction, transportation, motion, waiting, inventory, over-processing, understanding the product/service and the markets desires, using a business model, organizing the right group of partners, supply chain metrics, information technology tools to collect, organize, and report data to supply chain managers, relationship management skills, financial resources, and organizational integration, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. A strike has just occurred at a key supplier. The purpose is to balance supply management with demand management. Efficiency of the warehouse operations will highly depend on a layout that considers traffic, working areas of inward goods processing, and outward movement of products and materials. SCM integrates supply and demand management within and across companies. Top Five Goals and Objectives of Supply Chain Management. can spiral up or down over time, depending on performance realized along the way. With regard to supply chain connection composition, how would you best describe Best Buy implementing Samsung Experience Locations inside its retailer locations? Philip Crosby states that the correct cost for a well-run quality management program should be under 2.5 percent of sales. Which measurement would likely rise if the supply chain team secured a supplier that provided a new, popular technology to include in the company's product? to require suppliers to share a greater burden for managing inventory. Tend toward regional solutions that provide balance agility and responsiveness which still providing the opportunity to scale costs and take advantage of labor arbitrage, Which of the following technologies are seen as potentially revolutionary for manufacturing operations? A scorecard that is balanced typically includes which of the following? The primary purpose of the supply chain is to fulfill demand, drive customer value, improve responsiveness, facilitate financial success and build a good network. The supply chain value proposition framework represents the interactions among which of the following? A reliable forecast of demand that includes an indication of possible forecast error 3. 2022 NC State University. O Brazil Supply Chain and Procurement Summit 2022 fornece aos Diretores e lderes de Supply Chain e Compras ideias, estratgias e as estruturas necessrias para criar uma cultura de foco no cliente, inovao, colaborao, qualidade e confiabilidade para maximizar o valor ao longo de toda a cadeia de suprimentos. . The supply chain career planning process is very similar to setting goals. What warehouse automation system is used for high-assortment, low-volume SKUs and maximizes space use? A basic, stable product with consistent, predictable demand. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Necessitating closer integration and collaboration, Cost Reduction and Continuous Improvement, Reducing purchasing costs, waste, excess inventory & non-value added activities. 3.balance score card benefits include: well defined measures and clear objectives Physical flows involve the transformation, movement, and storage of goods and materials. What are the three types of benchmarking that were discussed? Logistics primarily comprises which activities? What events can result in a supply chain disruption? Increased outsourcing of non-core competencies, Expanding the Supply Chain Internationally, both mature and emerging markets have become a part of the overall business growth strategy for many companies, Societal pressures to make and source in 'the right way'; minimizing social, economic and environmental impact while developing a positive impact, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer.

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