• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/24

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

24 Cards in this Set

  • Front
  • Back
Plan
includes gathering customer requirements, collecting information on available resources, and balancing
requirements and resources to determine planned capabilities and resource gaps
Source
describe the ordering (or scheduling) and receipt of goods and services. This process includes issuing purchase orders, scheduling deliveries, receiving, shipment validation and
storage, and accepting supplier invoices
Make
describe the activities associated with the conversion of materials or creation of
the content for services. It focuses on conversion of materials rather than production or manufacturing
because this represents all types of material conversions: assembly, chemical processing, maintenance,
repair, overhaul, recycling, refurbishment, remanufacturing, and other material conversion processes
Deliver
describe the activities associated with the creation, maintenance, and fulfillment
of customer orders. It includes the receipt, validation, and creation of customer orders; scheduling order
delivery; pick, pack, and shipment; and invoicing the customer.
Return
describe the activities associated with the reverse flow of goods back from the
customer. This process includes the identification of the need for a return, the disposition decision
making, the scheduling of the return, and the shipment and receipt of the returned goods.
Best Practices
current, structured, and repeatable
practices that have had a proven and positive impact on
supply chain performance.
Leading Practices
introduce new
technology, knowledge, or radically different
ways of organizing processes
Common Practices
how a wide range of
organizations have historically done business by default
or happenstance
Poor Practices
represent ways of doing
business, which can be widespread, that
have proven to result in poor supply chain
performance as indicated by key metrics
Skill
the capacity to deliver predetermined
results with minimal input of time and energy
Experience
the knowledge or ability
acquired by observation or active participation
Aptitude
a natural, acquired,
learned, or developed ability to perform a certain kind
of work at a certain level.
Training
develops a skill or type of behavior
through instruction
Competency
describe the level
or state of qualification to perform a certain role or
tasks.
Perfect Order Fulfillment (Reliability)
The percentage of orders meeting delivery performance with complete and accurate documentation and no delivery damage. Components include all items and quantities on-time using the customer's definition of on-time, and documentation
Order Fulfillment Cycle Time (Responsiveness)
The average actual cycle time consistently achieved to fulfill customer orders. For each individual order, this cycle time starts from the order receipt and ends with customer acceptance of the order.
Upside Supply Chain Flexibility (Agility)
The number of days required to achieve an unplanned sustainable 20% increase in quantities delivered.
Up/Downside Supply Chain Adaptability (Agility)
The maximum sustainable percentage increase/decrease in quantity delivered that can be achieved in 30 days.
Overall Value At Risk (Agility)
the sum of the probability of risk events times the monetary impact of the events which can impact any core supply chain functions (e.g. Plan, Source, Make, Deliver and Return) or key dependencies.
Total Supply Chain Management Costs (Cost)
Cost to Plan + Cost to Source + Cost to Deliver + Cost to Return
Cost of Goods Sold (Cost)
The cost associated with buying raw materials and producing finished goods. (Direct Materials + Direct Labor + Overhead)
Cash-to-Cash Cycle Time (AM)
The time it takes for an investment made to flow back into a company after it has been spent for raw materials. ([Inventory Days of Supply] + [Days Sales Outstanding] - [Days Payable Outstanding] in days.)
Return on Supply Chain Fixed Assets (AM)
measures the return an organization receives on its invested capital in supply chain fixed assets. (Profit/Fixed Assets)
Return on Working Capital (AM)
a measurement which assesses the magnitude of investment relative to a company's working capital position versus the revenue generated from a supply chain.