Supply Chain Basics
The abbreviation is SCM
What is Supply Chain Management?
That is what IT means
What is Information technologies?
The abbreviation is ERP
What is Enterprise Resource Planning?
This is the definition of off-shoring
What is companies that moves their processes overseas, to save money?
The abbreviation is KPI
What is Key Performance Indicators?
This Term is showed in the Beer supply Chain exercise
What is the bull-whip effect?
This is the Chip with a unique id you can scan, used in many supply chains
What is RFID chip?
These are some examples on what is recommended for integrating ERP system.
What are:
- Top management support?
- Clear objectives?
- Effective change management?
This is Brick-and-Click
What is businesses that integrate their physical and online stores?
Responsiveness is closely connected to this term
What is cost?
All stages involved, directly or inderectly in fulfilling a customer request
What is a Supply Chain?
These are the two types of integration there is in a Supply Chain.
What is Internal or External?
This is the evoulation of the tradional ERP systems, which focuses on both internal and external processes with multiple organization dealing with data in real time.
What is ERP 2?
This is the process of calculating risk to the global supply management.
What is Risk management?
This is the answer to if companies normally achieve full internal collaboration.
No, this is based on many things:
- Poor communication between organisational silos
- Misalignment in strategy
- Information overload
These are the performance Metrics in SCM.
What is Efficiency, Effectiveness, Responsiveness, and Resilience?
That is the IT system which connect the entire company, including the Supply Chain, together.
What ERP system?
This creates Strategic alignment and fit
What is Business strategy Business processes?
Give me 5 examples of companies which make use of seasonal pricing.
Up to the verdict...
When you combine different pieces from different locations into one single delivery with no inventory at retailer.
What is In Transit Merge Network?
That is how the duration supply chain operation ussualy takes compared to Supply Chain Strategy and design.
How long is Daily/weekly?
Is Structured data, by agreed message standard, is transferred from one computer to another, by electronic means.
What is Electronic Data Interchange?
This is why we use Block chain technology
Because it is Secure, transparent and immutable ledger. Good for tracking and verifying transactions?
This is the term that is used in ecommerce and retail to describe a business strategy that aims to provide a seamless shopping experience across all channels, including store, mobile, and online.
What is Omnichannel?
You are at the exam and asked what is the challenges of collaboration in a supply chain? GO!!
Verdict