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25 Cards in this Set
- Front
- Back
Supply chain management covers |
1 Logistics operations 2 customer service 3 purchasing/procurement 4 demand and replenishment |
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Supply Chain includes: |
1 Material Flows 2 Information Flows 3 Financial Flows |
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Flows in a supply Chain |
Material Information Funds |
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Supply Chain Management Sub-Topics (According to Taylor 1997) |
1 Logistics and Supply Chain Strategy 2 Purchasing and Supplies Management 3 Manufacturing Logistics 4 Distribution Planning and Strategy 5 Warehouse Planning and Operations Management 6 Inventory Management 7 Transport Management 8 International Logistics and International Market Entry Strategies |
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Benefits of Supply Chain Management |
1 Lower inventory costs 2 Higher Productivity 3 Improved ability to respond to fluctuations in demand 4 Shorter lead times 5 Higher profits 6 Greater customer loyalty |
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Elements of Supply Chain Management |
1 Customer 6 Purchasing 2 Forecasting 7 Suppliers 3 Design 8 Location 4 Processing 9 Logistics 5 Inventory 10 Capacity Planning |
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Performance Measures |
1 Reliability 2 Flexibility 3 Expenses 4 Assets/Utilization |
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Reliability Metrics |
1 On time delivery 2 Order Fulfilment 3 Lead time 4 Fill Rate 5 Perfect Order Fulfilment |
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Flexibility Metrics |
1 Supply Chain Response Time 2 Upside Production Flexibility |
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Expenses Metrics |
1 Supply Chain Management cost 2 Warranty Cost as percentage of revenue 3 Value added |
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Assets/Utilization Metrics |
1 Total Inventory days of supply 2 Cash to cash cycle time 3 Set asset turns |
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Primary Activities (Porter's Model) |
1 Inbound Logistics 2 Operations 3 Outbound Logistics |
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3 cross-functional integrating process |
1 Systems and procedures 2 Sales and operations planning 3 Performance Management |
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Building Blocks of Supplt Chain (6building block configuration) |
1 Customer Focus and Demand 2 Resource and capacity management 3 Procurement and supplier focus 4 inventory management 5 operations management 6 Distribution management |
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Variables Affecting a Future Demand |
1 Past demand 2 promotion and advertising of a product 3 market share 4 state of the economy 5 price discounts 6 competition and new products introduction |
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Four Basic Capabilities to make sensible trade-offs |
1 Technical Capability 2 Operations Capability 3 Financial Capability 4 Managerial Capability |
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Inventories Usually Reside in 3 stages of a process |
1 input stocks 2 in process stocks 3 output stocks |
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Main Components of Distribution Management are |
1 Distribution strategy 2 Warehouse operations 3 Stock Management 4 Transport Planning |
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Major Categories of Systems and Procedures |
1 External regulatory and internal quality standards 2 Financial and accounting procedures 3 Information and communication technology (ICT) |
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Broad Areas in ICT |
1 Information and technology systems 2 e-Business |
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Infrastructure consists of functions or departments such as |
Accounting Legal Finance Planning Public affairs Government relations Quality assurance General management |
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The Need for Supply Chain Management |
1 The need to improve operations 2 Increasing levels of outsourcing 3 Increasing transportation costs 4 Competitive Pressures 5 Increasing Globalization 6 Increasing importance of E-commerce 7 The complexity of supply chains 8 The need to manage inventories |
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Why is supply chain important? |
1 To gain efficiencies from procurement, distribution and logistics 2 To make outsourcing more efficient 3 To reduce transportation costs of inventories 4 To meet competitive pressures from shorter development times, more new products, and demand for more customization 5 To meet the challenge of globalizationand longer supply chains 6 To meet new challenges from e-commerce 7 To manage the complexities of supply chains 8 To manage inventories needed across the supply chain |
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Secondary Activities (Porter's Model) |
1 Procurement 2 Human Resource Management 3 Technological and Development 4 Infrastructure |
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Human Resource Management Ativities |
1 Recruiting 2 Hiring 3 Training 4 Dismissing or Laying off Personnel |