Operations
Operations managers are responsible for:
making sure that the product is produced efficiently, the products and services are marketed to maximize sales, and that the company is earning profit.
Procurement professionals are responsible for:
Purchasing goods and services for their business in a way that creates the most value at the lowest risk.
Logistics professionals are responsible for:
The management and coordination of goods, services, and information within an organization or supply chain.
What does ASCM stand for?
Association of Supply Chain Management
Who Provided the voice of Groot in guardians of the galaxy?
Vin Diesel
What is Takt time?
How frequently an item comes off a line.
What is the most common purchase order?
Standard purchase order (Takes place after purchase requisition)
In logistics, AGV stands for what?
Automated Guided Vehicle
Where do you go to find new information/events for the ASCM student chapter?
GroupMe, Instagram, Operations/Industrial management community.
In which American state was the first Mcdonald's opened?
California
What does DMAIC stand for?
Define, Measure, Analyze, Improve, Control
What is Global Sourcing?
Buying goods and services from around the world. This is a great way to find the best possible purchase price.
What is the type of inventory between production and Marketing?
Finished goods inventory.
How much does it cost to join the ASCM with a student membership?
It's free! So, utilize the resources they have.
What is the shape of human DNA called?
Double helix
What is ISO 9000?
International standards on quality management and quality assurance were developed to document the quality system elements needed to maintain an efficient quality system.
How does a company identify a need to purchase a good or service?
Market research, talking to stakeholders.
What is the type of inventory between the purchasing and production?
Raw material inventory
What is the #1 leading trend in the Supply chain?
Digitalization (Converting all the physical data into digital data)
What was the first satellite to enter space called?
Sputnik
What is a Bottleneck in operations?
When one operation takes up most of the production time. (Lowers efficiency)
What do you need to submit for a purchase request?
Purchase requisition. (Includes all relevant information regarding that good or service needed)
What are the most common shipped items in the U.S.?
Food, furniture, clothing, and electronics
When was the ASCM founded?
1957
What bird has eyes bigger than its brain?
Ostrich