SCM
What is SCOR?
Supply Chain Operations Reference model
Items involved in the product’s manufacturing process are called...
Direct items
Define the BOM
Bill of Materials
One SCOR process that starts at the downstream of the supply chain
Return
Tendering belongs to this process
Pre-order
End product meets the unique order requirements, and assembly is usually made offsite. Name the production type
Job-shop
What force starts a supply chain of a student bookstore?
Product Supply
Name two characteristics of bottleneck items
High in risk, low in spend
Continuous improvement is one of the tools used in this Japanese philosophy
Lean thinking
Who is located upstream from a distributor?
Supplier, manufacturer
Name three benefits of effective sourcing
Improved quality, service to end customers
Cost, Cash flow improvement, Reduced cycle times
Development of process technology, product technology
Planned delivery of finished products to customers is
Distribution Requirements Planning
Balancing demand and supply is a description of a process...
Plan
Working with suppliers to initiate any new product development processes more effectively, as well as to consider design and specification improvements is called...
Value engineering and analysis
Name the biggest disadvantage of JIT for a company with spikes in product demand
Loss of safety stock