SUPPLY CHAIN MANAGEMENT Flashcards
(104 cards)
1
Q
Advantage of inventory Management and Computerization
A
- reduce inventory expenses
- reduce waste
- analyze inventory
2
Q
it is a sequence of events that helps a commodity move from manufacturing to market. The supply chain contains, people, equipment, transportation modes, and technology.
A
Supply Chain
3
Q
- The continuous flow model
- The Fast chain models
- The efficient chain models
A
Efficiency
4
Q
- The configured model
- The Agile model
- The flexible model
A
Responsive
5
Q
offers stability in high-demand situations that vary very little
A
The continuous flow models
6
Q
The market does not change very often - production is predictable
A
The continuous flow models
7
Q
ensures a continued, steady cadence of products and resources
Ex. PepsiCo
A
The continuous flow models
8
Q
ideal for manufacturers that manufacture products that are trendy with short life cycles.
Products change quickly before the trend ends (e.g. seasonal offers)
Ex. Nike
A
The fast-chain models
9
Q
is best for businesses that are in very competitive markets
develops products relatively similar to its competitors and sells it to the same market as their rivals
Ex. General Mills
A
The efficient chain model
10
Q
configuration of the product is managed under the continuous flow model while downstream processes operate as an agile supply chain. multiple product configurations are required.
combination of the agile and continuous flow model (hybrid model)
Ex. LL Bean (backpacks)
A
The custom-configured model
11
Q
is ideal for businesses that deal in specialty order items the process is continuous and quick even though production processes and trends are good or bad
A
The agile model
12
Q
Components: virtual integration, process alignment, a network base, and market sensitivity.
A
The agile model
13
Q
gives businesses the freedom to meet high-demand peaks
able to cope with the variability in client preferences
Ex. Staples, paper, and writing utensil product
A
The flexible model
14
Q
Components: part segmentation, accurate stocking algorithms, and flexible planning.
A
The flexible model
15
Q
- Keep costs down
- Reduce risk
- Satisfy the end user
- Enhance productivity
A
Goals of Supply Chain
16
Q
Material management?
A
a subset of supply chain management
17
Q
- includes all processes that transform raw materials into final products.
- involves the active streamlining of a business’s supply-side activities to maximize customer value
- gain a competitive advantage in the marketplace.
A
The management of the flow of
goods and services.
18
Q
The supply chain segment involved with getting the finished product from the manufacturer to the
consumer.
A
Distribution Channel
19
Q
WHat is the advantage and purpose of information flow
A
It can improve the service - data was provided; feedbacks
20
Q
What is the advantage and purpose of product/service flow
A
Generates data and information which is very important for the efficient process
21
Q
IDN
A
- integrated delivery network
22
Q
HMO
A
- health maintenance organization
23
Q
information and data is generated to be shared among the stakeholders in order to improve the service delivery in healthcare
A
Product/Service Flow in the Healthcare Setting
24
Q
is it cost-efficient to invest in information systems? true or false
A
false madam, eme lang true
25
more humans involved in the system means more potential errors? True or false
ture sabi ng ppt
26
machine performance is more consistent than the human capacity? true or false
Ture madam
27
an overarching concept that links together multiple processes to achieve a competitive advantage
Supply chain Management
28
refers to the movement, storage, and flow of goods, services, and information within the overall supply chain.
Logistics; Logistics Supply chain
29
A full chain of a business's activities in the creation of a product or service -- from the initial reception of materials all the way through its delivery to market, and everything in between.
Value chain
30
the actual, physical amount of an item in stoc
Quantity on hand (QoH)
31
QoH minus any reservations to the stock plus any stock on order.
Available stock
32
determined by reviewing the previous purchase
history of each supplied material coupled with an understanding of the time needed for new supply
material to arrive on the correct time (lead time)
Desired quantity on hand (DQOH)
33
determined by taking into the account the usage and consumption rate of each supplied material.
Reorder point (ROP)
34
DQOH - QOH =
Quantity to order
35
a system of records and reports (paper-based or electronic) used to aggregate, analyze, validate and display data (from all levels of the logistics system) that can be used to make logistics decisions and manage the supply chain
Logistic Management Information System
(LMIS)
36
is essential for quantification processes and for planning
distribution along the supply chain, avoiding overstocks and stock-outs.
Logistic Management Information System
(LMIS) Data
37
- logistic management information system (LMIS)
- process for managing information
- inventory control system
- procedures for ideal storage and distribution for supplied materials
A good design of the supply chain
38
what systems that track consumption at the
health facility
dispensing or point-of-service (POS)
39
solutions for reporting data, requisitioning or allocating products, visualizing data, and alerting users to performance issues
Electronic LMIS (eLMIS)
40
for inventory control fleeting management systems for transport and load planning
warehouse management systems (WMS)
41
for load and route planning
distribution planning systems
42
that manage many of these core functions, but also include finances, human resources, procurement, sales, and other business functions
enterprise resource planning (ERP) systems
43
What are the LMIS digital tools:
- dispensing or point-of-service (POS)
- electronic LMIS (eLMIS)
- warehouse management systems (WMS)
- Fleeting management systems
- distribution planning systems
- enterprise resource planning (ERP) systems
44
transport and load planning
fleeting management systems
45
software used by a company to manage key parts of operations, including accounting and resource management.
Enterprise Resource Planning (ERP)
46
Can automatically run a financial analysis and predict future stock needs to keep inventory at a healthy level. This process control ensures that the department is performing at optimal capacity and that in-demand products are in stock.
Enterprise Resource Planning (ERP)
47
Establishing a purchasing and inventory management program will ensure that?
- supplies and reagents are always available when needed
- high-quality reagents are obtained at an appropriate cost
- reagents and supplies are not lost due to improper storage, or kept and used beyond the expiration
48
Purchasing and Inventory Management in Clinical Laboratories
Procurement
49
Steps in Procurement?
Step 1: Identifying need
Step 2: Supplier evaluation and selection
Step 3: Purchase order
Step 4: Delivery
50
* Contract Notice - published invitation to suppliers to tender its bid.
* Conduct inventory
Step 1: Identifying need
51
* Objective: reduce risk and maximize value to the buying organization
Step 2: Supplier evaluation and selection
52
* price, specification and terms and conditions of the product or service as well as any additional obligations.
Step 3: Purchase order
53
Automates the entire procurement cycle from creating a purchase requisition document to finally receiving the ordered goods and making the payment.
Purchasing Software
54
Can seamlessly integrate with other tools and applications such as inventory management systems, customer relationship management (CRM) software, enterprise resource planning (ERP) Software, procurement tools, etc.
Purchasing software
55
What are the typical Features of Purchasing Software
- Audit Trails
- Compliance Management
- Contract Management
- Inventory Management
- Supplier Management
- Invoice Processing
- Request for Quotation
- Purchase Order
- Sourcing Management
- Spend Management
56
Helps to validate the recorded transactions in the purchase order document.
Audit Trails
57
Compliance management in purchasing keeps a vigil on all people associated with purchasing or selling goods to ensure that they adhere to terms and conditions.
Compliance Management
58
purchasing is a legal document that defines the
terms and conditions of purchase, the agreed price of the purchased goods, mode of payment,
etc.
Contract Management
59
The purchasing software also allows businesses to efficiently manage and streamline their inventory levels, avoiding excess stocking and stock-out situations.
Inventory Management
60
Strengthen and manage your relationship with suppliers getting the best
quality products at affordable prices and trace past interactions.
Supplier Management-
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Create, process, and manage the supplier’s invoice unless they get complete payment for the goods dispatched
Invoice Processing
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Create a purchase order and invite quotations from multiple suppliers for the product or service
Request for Quotation
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Create and manage a purchase catalog that indicates the type of goods needed,
quantity, and agreed prices for the products.
Purchase Order
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Helps to negotiate an optimum price between the buyer and the supplier.
Sourcing Manager
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Gain control over spending and ensure that the suppliers are paid following
the procured goods’ agreed price.
Spend Management
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tracks expenditure and view the spending analytics through graphs and statistics. It helps control unwanted spendings
Spend Dashboard
67
Free or Open-source Purchasing Softwares
Dolibarr
Odoo Purchase
CatalystK
Axelor ERP
Flectra
O2B Technologies
Bellwether
68
* a cloud-based software that enables finding, buying and managing
the spends on goods and services completely online.
* provides digital and automated tools to support businesses, define
vendor policies, and offers a greater level of transparency into the
system.
eProcurement Solutions
69
relate to tasks that are performed regularly and contribute toward the smooth running of the function such as purchase order generation, product catalog maintenance, etc.
Transactional procurement activities
70
are more directly related to achieving the overall aims and objectives of the procurement function.
Strategic procurement activities
71
Benefits of using eProcurement software?
► Efficiency and productivity improvements
► Measurable cost savings
► Lower error rates
72
* identify poor performing suppliers at an early stage
* has inbuilt reporting functionality to track and compare supplier performance across a range of metrics, highlighting areas of weakness and prompting further analysis.
► Efficiency and productivity improvements
73
* Tracking spending on purchases versus budget is much more streamlined and straightforward
* provides the procurement team with better data to make clearly reasoned purchasing decisions based on comparisons between vendors and historical spending data.
► Measurable cost savings
74
* offers more structured and consistent workflows and less human intervention, reducing the error rate and improving the quality of procurement data.
► Lower error rates
75
Top eProcurement software on the market
* Kissflow Procurement Cloud
* Coupa
* SAP Ariba
76
* helps trading organizations and partners get more done faster by speeding
up logistics timelines and eliminating manual errors through business to
business communication automation
* allows organizations that produce, ship, purchase, and sell goods or
provide services such as retailers, manufacturers, insurers, health care
providers, airlines and more.
Electronic Data Interchange (EDI)
77
* Transfers order information to the appropriate vendor
* Used in supply chains for large facilities to eliminate the need for human
intervention.
* Enables transparent order tracking; upon receipt of the order from the
vendor
Electronic Data Interchange (EDI)
78
* purchase orders (EDI 850),
* shipping statuses (EDI 214)
* invoices customs information, payment confirmations (EDI 820)
* inventory documents
Electronic Data Interchange (EDI)
79
* Key individuals should be identified for specialized tasks, such as placing new product orders and overall system maintenance.
* maintaining full time equivalent (FTE) positions sufficient to the volume of testing and level of inventory purchasing and management is critical to a laboratory’s overall operational success
Staffing for Inventory Management
80
a core function of supply chain management, involving the planning and execution of supply chains to meet the material requirements of a company or organization.
MATERIALS MANAGEMENT
81
types of material management:
1. Material Requirements Planning
2. Purchasing
3. Inventory Control
4. Material Supply Management
5. Quality Control
82
- directly affects profits as the lower the amount of material used, the lower the cost of production, and the more profit is delivered.
- Reducing material overspend has caused some industries to consider Just in Time (JIT)' strategies that require very small levels of inventory.
Material Requirements Planning
83
Purchasing should be done economically and on time to maintain material supplies and increase final profits by lowering expenses.
Purchasing
84
can include a range of goods being held including partially finished items, goods ready for sale and those used in production.
Inventory Control
85
- require materials to be distributed to different sites or production centers, each of which needs to be continuously supplied.
- Lack of stock can lead to financial losses through having to source replacement production materials or having to halt production schedules.
Material Supply Management
86
good quality materials lead to good quality products.
durability, dimensional accuracy, dependability, performance, reliability and aesthetic value can all be important quality factors for materials management.
Quality Control
87
- supplies stored at the very location where it will be used.
- It eliminates the need to constantly move materials from one area to
another (a non-value added activity).
POINT OF USE INVENTORY
88
- an inventory software system that automates parts of the inventory management process.
-Used to streamline fulfillment and supply chain management.
Automated point-of-use inventory system
89
Top Laboratory Inventory Management Software
► LabWare LIMS
► CrelioHealth For Diagnostics
►Quartzy
Freezerworks
Genemod
Lockbox LIMS
CloudLIMS
Crelio Inventory
Item Tracker
90
the global leader in laboratory information management systems (LIMS), with over 3,000 customers including NIH, USDA, GSK, Pfizer, Hershey, Caterpillar, and Chevron and 98% customer satisfaction.
LabWare LIMS
91
offers an all-in-one solution for your medical laboratory & diagnostics business.
- enables users to effectively handle lab operations, finance, patients, and B2B relationships from a single platform
- HIPAA & ISO compliant
CrelioHealth For Diagnostics
92
* the world's leading lab productivity solution for small- and medium-sized R&D organizations.
* helps users manage the unique workflow of a laboratory:
- requesting lab supplies and reagents
- approving purchasing
- tracking the procurement process
- keeping an accurate inventory
Quartzy
93
the Laboratory Information Management system (LIMS) trusted by laboratories and biorepositories worldwide since 1987.
- The unparalleled accuracy, accessibility, and configurability __________ dramatically streamlines the workflows of these facilities. Sites can efficiently request, ship, and assay sample inventory.
Freezerworks
94
- accelerates life sciences R&D by improving collaboration for every team so that scientists can work on big ideas, without the busywork.
- faster therapeutic breakthroughs
- centralizes and streamlines the R&D lifecycle, from data acquisition and project documentation to inventory management and reporting
Genemod
95
- A flexible, modern, and user-friendly Laboratory Information Management System (LIMS) utilized by research and analytical/QC labs worldwide.
- Supports CLIA and ISO 17025.
- allows users to define the laboratory's storage framework using a variety of location options: rooms, storage units, shelves, racks, boxes, and positions.
Lockbox LIMS
96
- Offers strong data security, complimentary unlimited technical support, instrument integration, product upgrades, reporting templates, hosting, and data backups to help biobanks, analytical, diagnostic testing, and research laboratories manage data, automate workflows
- meet compliance such as ISO/IEC 17025:2017, GLP, 21 CFR Part 11, HIPAA, ISO 20387:2018, CLIA, ISO 15189:2012, and ISBER Best Practices at zero upfront cost.
CloudLIMS
97
- specifically built considering the need and challenges of the Healthcare Diagnostic Industry.
- Users can manage suppliers, supplier payments, purchase with multiple workflows, stock management at the store level, stock management at the department level, automatic stock consumption, etc.
Crelio Inventory
98
A complete laboratory sample management software solution which visually manages the laboratory samples, sample sources, and storage area.
Item Tracker
99
* Monitor and track inventory, stock, equipment, and/or other types of laboratory resources
* Generate inventory records on a lab-determined basis
* Support data input or import from Excel or third-party data systems
qualifying criteria for inclusion in the Laboratory Inventory Management category, a product must have
100
Laboratory Inventory Management Guide
- Create a Starting Point
- Assess Stocking Levels and Reductions
- Inventory Location Assignments
101
* take stock of everything that you will need
* make sure every item is accounted for
* begin taking stock of things needed versus those that are not
Create a Starting Point
102
* What products are used most often?
* How many are used per week or per month?
* Thinking back 6 months, how many times have you re-ordered these items?
* Does your current project require additional stock beyond the current levels?
* Have you ever had to throw away supplies that reached their expiration date?
Assess Stocking Levels and Reductions
103
* Grouping inventory by frequency of use, expiration date, and type creates an organized system that is easy to retrieve from and re-stock.
* Use barcoding to scan in and scan out supplies.
Inventory Location Assignments
104
- A software capable of doing many repetitive inventory management tasks on its own with little human effort.
Benefits: contributes greatly to business digitalization, leading to increased system accuracy, the tuning of real-time tracking, early problem detection, and increased efficiency.
AUTOMATED INVENTORY MANAGEMENT
