Supply Chain Acronyms
Supply Chain Concepts
Supply Chain Excellence
Metrics/KPI/TTIs
Fun Facts
100
TTI
What is Target to Improve
100
What is an ABC analysis?
A form of Pareto analysis applied to a group of products in order to apply selective inventory management controls. The inventory value for each item is obtained by multiplying the annual demand by unit cost and the entire inventory is then ranked in descending order of cost.
100
What are some major Supply Chain KPI's and TTI's?
Sales, OI, OTD, Inventory Turns, Quality, Safety
100
Are we meeting our S&OP Improvement Goal?
Yes, Goal 61 - Actual 62
100
Where would you find the Sea of Tranquility?
The Moon
200
KPI
Wat is Key Performance Indicator
200
What is Backflushing?
The deduction from inventory, after manufacture, of the component parts used in a parent by exploding the bill of materials by the production total of parents produced.
200
What type of information does your SCM cover in SC Pulse or other meetings with corporate?
200
Are we meeting our Operating Income Goal YTD?
Yes Goal = -10.6% Actual = -8.5%
200
Do goldfish really have a memory of three seconds?
No. In fact, they can actually recall previously learned information for up to 5 months.
300
SCE
Supply Chain Excellence
300
What is an Economic Order Quanity?
The size of an order that minimizes the total inventory cost, under a given set of circumstances, obtained by trade off analysis between the cost of placing an order and the cost of holding stock
300
Can you tell me how your job impacts the 12 SCE principles?
300
Are we meeting our Inventory Turns Goal?
Goal = 2.6 / Actual = 3.93
300
Name the world's largest ocean
Pacific
400
ERP
Enterprise Requirement Planning; A further extension of MRP II whereby a single system embraces and integrates all aspects of business operations into a single database application.
400
What is Dependent Demand?
A classification used in inventory control where the demand for one item has a direct mathematical relationship with the demand for another higher level or parent component and where the demand for that item is ultimately dependent on the demand for the higher level or parent item.
400
What is the Carlisle IT Supply Chain Vision?
Winning business due to the strength of the Supply Chain.
400
Are we meeting our OTD Goal?
Goal = 95% Actual = 94.6%
400
Name the only heavyweight boxing champion to finish his career of 49 fights without ever having been defeated?
Rocky Marciano
500
DPO
Days Payable Oustanding
500
What is Safety Stock?
The stock held to protect against the differences between forecast and actual consumption, and between expected and actual delivery times of procurement orders, to protect against stockouts during the replenishment cycle.
500
What is the Supply Chain Excellence?
Audit that serves Supply Chain as a vehicle to monitor the progress of the strength of supply chain and share best practices within Carlisle IT.
500
Are we meeting our Supply Chain Productivity Goals?
Goal 2% - Actual 2.8%
500
When did the Cold War end? Tear down that wall.
1989