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16 Cards in this Set
- Front
- Back
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Benefits of supply chain management
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- lower inventories
- higher productivity - greater agility - shorter lead times - higher profits - greater customer loyalty - integrates separate organizations into a cohesive operating system |
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Bullwhip effect
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inventory oscillations become progressively larger looking backward through the supply chain
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Effective supply chain
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requires linking the market, distribution channels processes, and suppliers
SC should enable members to: - share forecasts - determine the status of orders in real time - access inventory data of partners |
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Supply chain management
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the strategic coordination of the supply chain for the purpose of integrating supply and demand management
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Distribution requirements planning (DRP)
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a system for inventory management and distribution planning
uses: - transportation - warehousing - workers - equipment - financial flows |
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Logistics
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refers to the movement of materials and information within a facility and to incoming and outgoing shipments of goods and materials in a supply chain
bar coding, EDI ( electronic data interchange), distribution, JIT deliveries |
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Service supply chain
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2 Supplier --> storage --> service --> customer
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Manufacturer supply chain
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3 Supplier --> storage --> mfg --> storage --> distribution --> retailer --> customer
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Radio Frequency Identification (RFID)
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- used to track goods in supply chain
- tag attached to object - similar to bar codes but uses radio frequency to transmit product information to receiver - eliminates need for manual counting and bar code scanning |
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CPFR (Collaborative Planning, Forecasting, and Replenishment)
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- focuses on information sharing among trading partners
- forecasts can be frozen and then converted into a shipping plan - eliminates typical order processing |
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Reverse Logistics
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the backward flow of goods returned to the supply chain
- processing returned goods -- sorting, examining/testing, restocking, repairing -- reconditioning, recycling, disposing - gatekeeping - avoidance |
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Value analysis
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examination of the function of purchases parts and materials in an effort to reduce cost and/or improve performance
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Supply chain
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a sequence of organizations -- their facilities, functions, and activities -- that are involved in producing and delivering a product or service
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Successful supply chain
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- trust among trading partners
- effective communications - supply chain visibility through information sharing - event-management capability >>the ability to detect and respond to unplanned events - performance metrics |
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Vendor analysis
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evaluating the sources of supply in terms of price, quality, reputation, and service
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Purchasing
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responsible for obtaining the materials, parts, and supplies and services needed to produce a product or provide a service
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