Smeal/PSU
We Are!
Penn State!
The most popular spreadsheet software
Microsoft Excel
The making of products on a large scale using machinery; industrial production
Manufacturing
TWO of the 3 major US-based shipping companies
United Parcel Service - UPS
United States Postal Service - USPS
Federal Express - FEDEX
The largest private employer in the US
Walmart
The major ice cream brand that started at Penn State
Ben and Jerry's
The process of finding raw materials to buy
procurement/purchasing
S&OP
sales and operations planning
LTL and TL
less than truckload
truckload
The country with the highest GDP
United States
The number of majors the Smeal College of Business offers
10
ACCTG, ACTSC, CIENT, FIN, MGMT, MIS, MKTG, REST, RM, SCIS
False, All forecasts are wrong, but some are useful
OTIF
On time in full
Most popular mode of transportation in the US
Tractor trailer
US Company with the highest market cap
Apple
The number of CSCR sponsors
42 actual
acceptable range 37-47
Check the CSCR website for sponsors!
Inventory type that is meant to be a buffer between forecasted and actual demand, meant to make sure you do not have empty shelves
Safety stock/ excess inventory
A process in which 99.99966% of all defective products are sorted out
6 sigma
The 2 most popular sizes of international shipping containers
TEU - 20ft x 8ft x 8ft 6 in
FEU - 40ft x 8 ft x 8ft 6 in
Name TWO of the below accounting acronyms:
EBITDA
GAAP
PP&E
LLC
P&L
EBITDA - earnings before interest, taxes, depreciation, amortization
GAAP - generally accepted accounting principals
PP&E - property, plant, equipment
LLC - Limited Liability Company
P&L - Profit and Loss Statement
Name the 4 most influential people at Penn State:
Head Coach of PSU Football
President of Penn State University
Dean of Smeal College of Business
Current President of PSU SCMA
Head Coach of PSU Football - James Franklin
PSU President - Neeli Bendapudi
Smeal - Charles H. Whiteman
PSU SCMA - Garrett Callenberger
The phenomenon where orders to suppliers tend to have a larger variability than sales to buyers, which results in an amplified demand variability upstream. In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain
Bullwhip effect
This chart is a horizontal bar chart used in project management to visually represent a project plan over time. They typically show you the timeline and status—as well as who’s responsible—for each task in the project.
Gantt chart
3 modes of transportation
Railroad
Pipeline
Container ship
Tractor-trailer
Air freight
On foot
Name 3 of the real companies that each of these famous business movies was written about:
The Founder
The Wolf of Wall Street
Smartest Guys in the Room
Succession (TV show)
The Social Network
The Founder - McDonalds
The Wolf of Wall Street - Stratton Oakmont
Smartest Guys in the Room - Enron
Succession - News Corporation
The Social Network - Facebook