Scm300 - Study guides, Class notes & Summaries

Competitive priorities Ans: 1. cost 2. quality 3. speed/time 4. flexibility Value Ans: what i get/price Productivity Ans: what i make/cost SCM key components Ans: 1. Procurement 2. Operations 3. Logistics Procurement Ans: Buy it: process of obtaining services, supplies, and equipment in conformance with corporate regulations Operations Ans: Make it: makes business processes effective and efficient. They help the organization create high quality products/ services using the fe...

Goal of waiting line management Ans: Balance the cost paid by the customers (time) with the cost paid by the company (money paid to maintain the system) Parts of a waiting line system Ans: 1) Input Source - This is the population of people that might want service 2) Waiting Line - The area in which customers wait for service 3) Service Facility - The area in which customers actually receive service Managerial considerations in queues Ans: - Customers - How many are there, How quickly ar...

Supply Chain Management (SCM) Ans: integration of suppliers, manufacturers, transportation as well as other parties to collectively bring products to market Procurement Ans: Purchases inputs such as raw materials, resources, equipment, and supplies Operations Ans: Branch responsible for making business processes more efficient, trying to make highquality products or services with fewest possible resources Logistics Ans: Focuses on transportation processes, storage, and transportation n...

SCM Ans: Integration of suppliers, manufacturers, transportation organizers, and other parties to bring supplies to market Procurement Ans: Purchasing Branch that gets materials, equiptment, p&s Find best value Negotiate terms Develop long term relationships Operations Ans: Branch that makes business processes effective & efficient Logistics Ans: Branch that develops transportation itinerary& storage partners Downstream: towards consumer Upstream: Away from consumer Strong relati...

The 3 Parts of Corporate Social Responsibility (CSR) Ans: - legal and ethical, serves and community/society, environmental sustainability. Reasons to be Socially Responsible: Ans: - Avoid legal issues, government regulation, and fines, - Responsibility as a global/local citizen, - Business risks - political, resource shortage, population growth, climate change - Business opportunities - increased profits, lower costs? Maintain business operations? Develop socially responsible competitive...

Bullwhip affect + causes Ans: the effect of unplanned repetitive change in demand felt across the supply chain. From distributor to supplier - can cause: negative effects on cost of labor and materials, lowers customer service, leaves over supply of stock Shortage Gaming Ans: - when demand exceeds supply manufacturers - customers order extra to compensate for perceived need - they cancel extra need leaving extra supply and no demand ( need to view supply history to avoid this) Ratio...

THINGS WE TALKED ABOUT IN CLASS Ans: - pizza - cow path - silicon wafers - ticket broker - your resume (little stories) - "don't be a jerk" - real estate, show them what is available - Health, physician's advice - GPA, he doesn't like it - Basketball - how should we create grades - anesthesiology - motorola six sigma - whirlpool it upgrade Business Process Ans: - any activity that takes an input, adds value, and provides an output - a cell of the supply chain - "recipe" ...

The least restrictive alternative is a continuum of options involving judgment that includes non-physical and physical intervention strategies. Ans: True Duration involving breathing disorders, obesity, pregnancy asphyxiation, excited delirium, sickle cell trait, and osteopenia is not a risk factor during emergency safety physical intervention. Ans: False Misbehavior provides staff with a therapeutic opportunity. Ans: True Staff cannot be sued for what they do or for what they fail t...

Singularity Ans: Hypothetical point of uncontrollable technology growth Swim Lane Flowchart Ans: Flowchart that organizes activities by responsible entities Pareto Analysis Ans: Method identifying the most significant factors contributing to a problem Critical Path Ans: The longest path (in terms of time) in the AON network diagram. This path dictates the expected completion time of the project. Items on this path must be completed in time in order for the project to be completed on s...

Brick and Mortar Ans: All products and services ares sold to customers from physical stores McDonald's Online or E-Tailing Ans: All products and services are sold to customers through an online website Bricks and Clicks Ans: Products can be bought from physical store or form an online system Clicks & Calls Ans: In addition to taking orders via company website, some companies will also offer sales via phone Omni-Channel Retailing Ans: Retailers that are fully committed to engaging cu...