Chapter 1 - Introduction to Supply Chain Management
This conditions which must be present for successful supply chain management
What is cooperation among firms?
Cash, Accounts Receivable and Inventory are used to calculate this.
What is Return on Investment with current assets?
Commitment by top management, interpersonal relationships, win-win situations are important to have a successful ...
What is a successful partnership?
When a company promotes diversity by intentionally buying from small firms or ethnic minority businesses is called.
What is Ethical sourcing?
When creating a Long Range Material Plan what would you use to create it
What is an Aggregate Production Plan
Supply, operations, logistics, integration are four elements of what?
What is supply chain?
While most public procurement is focused on similar goals, the U.S. federal government purchases must comply with this.
What is the Federal Acquisition Regulation?
Name one metric of a good performance evaluation.
What are understandable, easy to measure, focused on value-added results- multiple answers
When companies intentionally cut back on packaging, fuel, or electricity this is called what type of sourcing?
What is sustainable sourcing?
Integrates planning, forecasting and logistics activities, analysis of sales and orders, and key performance metrics are all a benefit of ..
Collaborative Planning, Forecasting, and Replenishment
This change index, shows the economy expanding or contracting.
What is the ISM Report on Business?
More than 50% of each dollar typically goes toward covering this.
What is supply chain cost?
Costs associated with investigating alternative suppliers and investigating alternative delivery options can be classified as
What is pre-transaction costs?
This term refers to an act that creates the greatest good for the greatest number of people
What is Utilitarianism?
The impact of poor communication and inaccurate forecasts resonates along the supply chain and results in this:
What is the Bullwhip effect?
This mode of cargo transport is the most expensive and very slow, yet good for heavy goods (Over 10,000) and long-distance.
What is water carriers?
Companies are seeking help form their suppliers in new product design and development through this.
What is Early Supplier Involvement?
This is an organization's process for evaluating the quality systems of key suppliers in an effort to eliminate incoming inspections
What is supplier inspection?
What initiative includes ensuring working hours are not excessive, freedom of association and the right to collective bargaining are respective?
What is the Ethical Trading Initiative (ETI)?
Forecasting that revolves around specific seasons is referred to as what type of time series.
What is Seasonal variations or trends?
Real time location systems (RTLS) are used for this type of transportation.
What is rail carriers?
What company illustrated Forward Vertical Integration by buying trucks to deliver their finished goods inventories to their customers warehouses?
Who is Sony
This certification was adopted by the European Union in 1992 that caused US suppliers wanting to stay competitive in European Union countries
What is ISO 9000?
Name a punishment for suppliers if they perform poorly.
What is Billback penalty, downgrade status or elimination
This is the name for the engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product.
What is a Bill of Materials?