General Supply Chain
What is inventory?
Storing/keeping products available for future use or sale
A point of congestion or restriction in a process or system that slows down or halts overall progress
What currency was founded here?
Euro
What is the largest continent?
Asia
What is sourcing?
Process used to acquire goods andservices which includes
Identifying needs
Developing purchase specifications
Identifying, assessing, and selecting suppliers
Managing on-going supplier relationships
What company saves on shipping costs by making customers assemble the products themselves?
IKEA
In which stage of the product life cycle (launch, growth, maturity, decline) is innovation most important?
Maturity
What is the biggest faculty at Maastricht University?
SBE
What is the closest planet to the sun?
Mercury
Name 3 goals of supply management.
(Any 3 from the following)
Timely availability of resources, identify/mitigate risks, enhance quality, reduce costs, access technology, foster sustainability
Through what checkpoint (location) does most oil transport occur?
What is just-in-time (JIT)?
Receiving goods or producing items exactly when they are needed
What is the name of the fort in Maastricht?
Sint Pieter
What food never spoils?
In the Portfolio Analysis matrix, which category represents a "High Value of Spend" but a "Low Level of Supply Risk"?
Hint: options are leverage, strategic, non-critical, bottleneck
Leverage
What company invented the just-in-time (JIT) principle?
Toyota
What is the returns on assets (ROA) formula?
= net profit/total assets
What dinasaur was discovered here?
Mosasaurus
What country has no mosquitos?
Hint: Its in Europe
Iceland
Which transportation mode is considered the most effective/environmentally friendly for transporting large quantities over long distance?
(options: road, air, rail or pipeline)
The word "logistics" was originally a 19th-century French military term ("logistique") used to describe ___
(movement of) soldiers
What is the takt time formula?
Takt Time = Available Production Time / Output Needed
When was Maastricht first founded (first settlement)?
+- 500 years
500 BC
Which country in the world has the most islands (over 270,000)?
Sweden
Draw the transport cost graph
Hint:
X-axis - number of facilities, Y-axis - cost
Variables - total transport cost, cost of inbound transport, cost of outbound transport
Total transport cost - U-shaped
Cost of inbound transport - upwards sloping
Cost of outbound transport - downward sloping