Exam 2 - Chapter 12 Flashcards
(29 cards)
components of a supply chain is ______
value adding
Why do you want one supplier?
- quality is consistent. so you have to check the level of quality every time you order
- it can be directly shipped
Plan:
Plan: developing a strategy that balances resources with requirements.
Source:
Source: procuring goods and services to meet planned or actual demand.
Make:
Make: transforming goods and services to a finished state to meet demand.
Deliver:
Deliver: managing orders, transportation, and distribution.
Return: .
Return: customer returns, maintenance, dealing with excess goods.
Every company does each part of the _____ Model
SCOR (supply chain operation reference model)
Purchasing/Sourcing
Obtaining raw materials, manufactured parts, subassemblies, 3PLs
Global sourcing is more complex
Interface between suppliers and internal production function
Goals include provide uninterrupted flow of materials and parts, supplier development, evaluate market and supply conditions, etc
Logistics
Transportation services, warehousing, inventory management
Purchasing/Sourcing
[not sure if we have to learn]
Obtaining raw materials, manufactured parts, subassemblies, 3PLs
Global sourcing is more complex
Interface between suppliers and internal production function
Goals include provide uninterrupted flow of materials and parts, supplier development, evaluate market and supply conditions, etc
Logistics
[not sure if we have to learn]
Transportation services, warehousing, inventory management
Rail
- Railroads have handled the largest number of ton-miles in the US
- Efficient for handling large tonnage over long distances
Motor (Road)
Very flexible, handle door-to-door delivery
Water
- Oldest mode of transportation, can handle extremely large shipments
- Ranked between rail and motor in terms of fixed cost
Pipelines
- Handle ~ 70% of all crude and petroleum ton-mile movements
- Extremely high fixed cost, though low variable cost to operate
Multimodal
two or more modes of transportation
rails carry _____ ____ ______
heavy bulk items
which is the most expesnive modes of transportation to start (important)
rail
in order to start a railroad you need what two things
tracks and also the land
which one is more flexible
motor
co-managed inventory
you have your supplier managing your inventory
- both the buyer and supplier manage the inventory
bullwhip effect
results from order amplification in the supply chain: a phenomenon that occurs when each member of a supply chain “orders up” to buffer its own inventory
certified supplier:
supplies material of such quality that routine testing on each lot received is unnecessary
