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22 Cards in this Set
- Front
- Back
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Inventory holding cost is depending of the annual demand and the order quantity? Yes or no
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Yes |
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The Camp formula divides the annual demand by 2? Yes or no
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No |
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Inflated orders are a reason for variability in demand? Yes or no
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Yes |
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What do you know about Economic Order Quantity?
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Calculate EOQ Q:order quantity Q*:economic order quantity D:demand per period (10.000) K:cost of ordering per order 3000 Euro H: inventory carrying cost per unit of 600 Euro valueper period IRS: 10% of value |
Root Square of (2 * 3000 * 10.000)/ 60 =1000
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What makes Supply Chain Management difficult?
A. The development chain; The system wide cost and service control; The hedging strategy B. The development chain; The system wide cost and service control; uncertainty and risk |
b |
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How can a company try to create an optimized integrated supply chain?
A. Understand the: global area’s, the conflicts of interest, the dynamics and the variation in need for change; B.Understand the: global area’s, the conflicts of interest, the dynamics and the variation in time in demand; |
b |
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Are the issues to be solved to create an optimized global supply chain only strategic and tactical management level issues? Yes or no
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No |
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Is the ability to efficiently manage uncertainty and risk one of the three most important abilities in order to achieve a Global Supply Chain? Yes or no
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No |
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Can a company with only a national distribution system be seen as a Global Supply Chain company? Yes or No
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yes |
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Why do certain forces push a company to become a global market player ?
A.To keep market share, to gain and grow profits, to keep a leading position, to take the next step in controlling cost. B. To grow market share, to guarantee company continuation, to be able to merge and hedge, to keep cost as low as possible. |
a |
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Global risk can be managed by
A. Invest in redundancy, increase velocity in sensing and responding and create an adaptive supply chain community B. Use speculative strategies, use hedge strategies and use flexible strategies where the company can take advantage of different scenarios |
b |
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Exchange rate fluctuations are part of the unknown-unknown risks? Yes or No
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No |
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Only forecast demand information helps to reduce the supply chain stock levels once shared throughout the chain? Yes or no
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No – real known demand e.g. POS |
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Single consistent pricing helps reducing variability in demand? Yes or no
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Yes |
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Decision Support Tools are only needed by Strategic Management? Yes or no
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Routingrequires exact algorithms from DDS system
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Lead-time reduction can reduce safety stock levels? Yes or no
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Yes |
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Market research methods as forecasting tool concerns a qualitative tool for consumer behaviour? Yes or no
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(YES) |
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The reduction in variability in demand allows reduction in safety stock? Yes or No
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(YES)
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Centralisation of inventory does not necessarily mean reduction in customer service? Yes or no
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(YES)
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What is the difference in approach for management between unknown/unknown risks and known/unknown risks?
A.unknown/unknown risks - management can only take protective measures against the results; known/unknown risks- management can decide not to take the risk and play save B. In both cases management takes strategies like speculation, hedging and/or become flexible for different scenario’s |
a |
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Successful companies have 3 capabilities above other companies, these are:
A. 1)Match supply chain strategies with development chain strategies; 2) Replace the traditional by a globally optimised supply chain; 3) Effectively manage uncertainty B. 1)Match supply chain strategies with product characteristics; 2) Replace the traditional by a globally optimised supply chain; 3) Effectively manage global risk |
b |
