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Supply Chain Management > Test 4 Blueprint > Flashcards

Test 4 Blueprint Flashcards

1
Q

The design and management of flows of products information and funds through the supply chain

A

Supply Chain Management

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1
Q

Network of all entities (tiers, stages) involved in producing and delivering a finished product to the final customer

A

Supply Chain

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2
Q

What are the Upstream stages of the supply chain in order?

A

Suppliers, Producers, Wholesalers/ Distributors, and Retailers

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3
Q

What is the one downstream stage of the supply chain?

A

Customers

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4
Q

What is the flow/ stages of the supply chain?

A

Tier 2 Suppliers to Tier 1 Suppliers to Manufacturers to Distributors to Retailers and then to the Customer

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5
Q

What are the three scm activities

A

Coordination
Information Sharing
Collaboration

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6
Q

This scm activity focuses on the movement of goods and services and the funds through the supply chain - flow from both directions

A

Coordination

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7
Q

This scm activity focuses on sharing relevant information among members of SC (demand and sales forecast, point of sale data, promotional campaigns, inventory levels – allows entire chain to work in unison

A

Information Sharing

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8
Q

This scm activity focuses on jointly planning, operating, and executing business decisions as only one entity. Improves quality throughout the chain

A

Collaboration

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9
Q

The fluctuation and distortion of information increases as it moves up the supply chain (from customer to manufacture) resulting in each tier carrying more inventory to compensate for the lack of information. The longer the supply chain, the greater the opportunity for this to occur

A

Bull Whip Effect

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10
Q

What are the three flows through the supply chain

A

Flow of Products
Flow of Information
Flow of Funds

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11
Q

This flow occurs in the supply chain when products flow from upstream to downstream and when order qualifiers result in a stream of downstream to upstream

A

Flow of Products

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12
Q

When products flow from downstream to upstream because a customer returned a product this process is called

A

Reverse Logistics

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13
Q

This flow occurs when simplified supply chains utilize data from point-of-sale back to suppliers and real time information will reduce uncertainty and inventory levels
This flow will go both ways and create transparency throughout the supply chain

A

Flow of Information

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14
Q

This flow throughout the supply chain gives the firm an idea about ow much they should be ordering or plan on manufacturing to cover demand

A

Flow of Information

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15
Q

This flow occurs when funds are transferred in both directions along the supply chain and supply chain compression

A

Flow of Funds

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16
Q

Successful supply chains have reduced order cycle times or the time it actually takes the product to get to their customers this also means they are built sooner and the company receives payment sooner. This process is about which flow and what term am I describing?

A

Supply Chain Compression
Flow of Funds

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17
Q

What is the driving force of the supply chain?

A

Customers

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18
Q

What is the supply chain primary purpose?

A

To respond to customer demand and generate profits for supply chain members

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19
Q

Are products pushed or pulled through the supply chain?

A

Pulled

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20
Q

This type of supply chain focuses on interaction between customer and provider, customer is supplier of inputs, SC is shorter – referred to as hubs

A

Service Supply Chain

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21
Q

What is the boundary spanning nature of SCM

A

Intraorganizational Integration
Cross-Enterprise Integration

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22
Q

Integration within a single firm- logistics, sourcing and operations is known as

A

Intraorganizational Integration

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23
Q

Integration across boundaries of several firms is known as

A

Cross-Enterprise Integration

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24
Q

Come back** Rise of SCM

A
25
Q

What are the 3 characteristics of a competitive supply chain (3 R’S)

A

Responsiveness
Reliability
Relationship Management

26
Q

This characteristic of SCM can be describe as the ability to move quickly to meet customer demands

A

Responsiveness

27
Q

The characteristics of this supply chain are
- agility
- short supply chains
- demand driven rather than forecast-drive

A

Responsiveness

28
Q

In the supply chain, if any part of it is unreliable this directly creates a need to hold extra inventory is known as

A

Safety Stock

29
Q

T/F- Safety stock drives up cost and is not wanted

A

True

30
Q

T/F- Reliability is the second characteristic of scm and can be provided by building visibility and transparency in the supply chain

A

True

31
Q

Examples of a intra organizational integration are what 4 members

A

Logistics
Marketing
Operations
Sourcing

32
Q

Examples of Cross-enterprise organizational integration are the

A

Suppliers and customers

33
Q

The participation and coordination of activities between different organizations that comprise the supply chain is known as

A

Cross-Enterprise Integration

34
Q

The participation and coordination of activities between different organizational functions within the organization

A

Intra-organizational integration

35
Q

What are the 5 keys of cross-enterprise integration?

A
  • information tech as an enabler
  • relationship management
  • collaborative planning
    -sharing of risks and rewards
  • win-win strat
36
Q

Does SCM or logistics manage the collaboration between supply chain partners in a strategic effort to achieve superior competitiveness

A

SCM

37
Q

SCM manages different aspects of the coordination process. What 6 aspects are they managing?

A

information
products
technology
finances
distribution
relationships

38
Q

What parrot of SCM is concerned with managing the flow of inventory

A

Logistics

39
Q
A
40
Q

Why do companies carry safety stock?

A

Uncertainty

41
Q

The sharing of real-time data and information through information technology improves visibility and therefore supply chain reliability. Define the Term

A

Supply Chain Coordination

42
Q

What are the three types of relationship management

A

Traditional Adversarial Relationships
Relationship Building and Collaboration
Single Sourcing

43
Q

T/F- SCM is primarily about the management of relationships across networks of companies

A

Relationship Management

44
Q

When was SCM proven to be necessary for successful global competition

A

1990s

45
Q

When was the definition of SCM released to the public?

A

1990

46
Q

When was scm adopted and was widespread diffusion of the name and concept

A

1997

47
Q

When did the name SCM first appear in literature

A

1982

48
Q

When was the supply chain practice first introduced and at what companies

A

1988; P&G and Walmart

49
Q

Who first theorized about SCM in the 1960s

A

J. W. Forrester

50
Q

Who believed that the success of industrial companies hinged on the “interactions between flows of information, materials, manpower, and equipment

A

J. W. Forrester

51
Q

What are the 12 trends of the supply chain?

A

Globalization
Outsourcing
Information Technology
Big Data Analytics
3-D printing, additive manufacturing and robotics
Postponement
Lean Supply Chain
Managing Supply Chain Disruptions
Supply Chain Security
Sustainability and the “green” supply chain
Innovation
Financial Supply Chain

52
Q

What level management would conduct this duty and how long do they stay in this position?
conduct product evaluations, generate forecast reports, perform online replenishment

A

Entry Level 1-3 years

53
Q

What level management would conduct this duty and how long do they stay in this position?
responsible for accurate and timely product movement throughout the supply chain

A

Middle Level Management Positions 3-5 years

54
Q

What level management would conduct this duty and how long do they stay in this position?
document and execute a global SCM plan

A

Senior Exec Postion 5+ years

55
Q

The adoption of supply chain management was successful because of

A

the advances in information technology

56
Q

Information Technology aided in the adoption of supply chain management because

A

it led to significant cost reductions in transportation
faster shipping dates
and allowed greater customer empowerment

57
Q

The fluctuation and distortion of information as it moves up the supply chain, from retailer, manufacturer to supplier.

A

Bullwhip Effect

58
Q

T/F- Trends that impact today’s supply chain include globalization, outsourcing,
technology, postponement, lean, supply chain disruptions, security, sustain-ability or ‘‘green,’’ innovation, and the financial supply chain.

A

True

59
Q
A

Supply Chain Management (11 decks)

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