SU Supply Chain Trivia
The Whitman supply chain program is the _______ program in the country.
First
FSCC
Franklin Supply Chain Club
DHL executives predict the 2025 peak season will be [slower, faster] than last year.
Slower
What describes the situation in which an order can't be fulfilled at the time of purchase because the item in not in the seller's current inventory?
Backorder
What does the term “lead time” refer to in supply chain management?
The time between placing an order and receiving it
The group of alumni that help fund and support the Franklin Supply Chain Club and the supply chain program are called:
The Franklin Advisory Board
SKU
Stock Keeping Unit
What is considered the future of warehouse operations?
Automation
What describes the listing of all the subassemblies, intermediates, parts, and raw materials thatgo into making the parent assembly showing the quantities of each required to make an assembly?
Bill of Materials (BoM)
The Just-in-Time (JIT) manufacturing process was pioneered by which company?
Toyota
What company was critical to the formation of the supply chain program at Whitman?
3PL
3rd Party Logistics
Nestle is working against climate change to increase the production of which commodity?
Cocoa
What is the difference between outsourcing an offshoring?
Outsourcing: delegate processes to another company
Offshoring: Relocate processes to another country
What is the term used for the process of predicting future customer demand for products?
Demand Forecasting
What year was the SU supply chain program started?
1919
VMI
Vendor Managed Inventory
Oracle has revealed new AI inventory features for the supply chain pertaining to which industry?
Health Care
What is poka yoke?
Mistake proofing
Which technology is increasingly being used in supply chains for tracking goods and ensuring authenticity?
Block Chain
The supply chain program originated as a specialization, not a full major. What two topics were covered in this specialization?
Traffic and transportation
MTO & MTS
Make to Order & Make to Stock
The US added 25% tariffs on 3 additional goods discussed in club. Name at least 2.
Heavy Trucks
Furniture
Drugs
Explain the bullwhip effect
a scenario in which small changes in demand at the retail end of the supply chain become amplified when moving up the supply chain from the retail end to the manufacturing end
Describe Reverse Logistics
The process of organizing the return of goods to their place of origin or another location for disposal, reuse or some other purpose. Examples may include management of warranties and recalls or retail returns, exchanges and credits.