Chapter 5 - The Supply Chain Management Concept Flashcards

(28 cards)

1
Q
SCOR process (6)
(Supply Chain Operations Reference)
A
plan
source
make
deliver
return
enable
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2
Q

plan

A

processes that balance aggregate demand and supply to develop a course of action which best meets sourcing, production, and delivery requirements

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3
Q

source

A

processes that procure goods and services to meet planned or actual demand

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4
Q

make

A

processes that transform product to a finished state to meet planned or actual demand

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5
Q

deliver

A

processes that provide finished goods and services to meet planned or actual demand, typically including order management, transportation management, and distribution management

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6
Q

return

A

processes associated with returning or receiving returned products for any reason. These processes extend to post delivery customer support

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7
Q

enable

A

processes that manage relationships, performance, and information for a supply chain. These processes interact with all other external and internal processes associated with the supply chain

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8
Q

supply chain

A

a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end-user or consumer

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9
Q

GSCF model (8)

A
customer relationship management
supplier relationship management
customer service management
demand management
order fulfillment
manufacturing flow management
product development and commercialization
returns management
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10
Q

customer relationship management

A

provides the structure for how relationships with customers will be developed and maintained

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11
Q

supplier relationship management

A

provides the structure for how relationships with suppliers will be developed and maintained

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12
Q

customer service management

A

deals with the administration of the PSAs developed by customer teams as part of the Customer Relationship Management process

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13
Q

demand management

A

balances the customers’ demand with the capabilities of the supply chain; process includes forecasting, synchronizing supply and demand, reducing variability, and increasing flexibility

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14
Q

order fulfillment

A

involves filling orders as well as all activities necessary to design a network and enable a firm to meet customer requests while maximizing its profitability

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15
Q

manufacturing flow management

A

deals with all activities necessary to obtain, implement, and manage manufacturing flexibility as well as product movement into, through, and out of plants

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16
Q

product development and commercialization

A

provides the structure for developing and bringing to market products jointly with customers and suppliers

17
Q

returns management

A

involves activities associated with returns, reverse logistics, gatekeeping, and avoidance

18
Q

fast supply chain

A

emphasizes speed and time components

19
Q

agile supply chain

A

focuses on an organization’s ability to respond to changes in demand with respect to volume and variety

20
Q

perfect order

A

simultaneous achievement of relevant customer metrics such as on time delivery, damage free and correct order quantity

21
Q

lean supply chain

A

focusing on eliminating all waste

22
Q

leagility

A

combo of lean and agile supply chains

23
Q

bullwhip effect

A

variability in demand orders among supply chain members

24
Q

supply chain collaboration

A

cooperative relationships between members of a supply chain (formal or informal) between companies and their suppliers or customers, established to enhance the overall business performance of all parties

25
supply chain partnership
tailored business relationship between two supply chain members
26
third party logistics 3PL logistics outsourcing contract logistics
one company allows a specialist company provide it with one or more logistics functions
27
fourth party logistics 4PL lead logistics provider LLP
a company whose primary purpose is to ensure that various 3PLs are working toward the relevant supply chain goals and objectives
28
supply chain analytics
combines technology with manual employee effort to identify trends, perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved