Exam 14: Supply Chain Management
Compare and contrast the lean,agile,and Leagile supply chain strategies.
The lean supply chain management strategy embraces the removal of waste from the supply chain system in whatever form it may be found.The agile supply chain strategy is concerned primarily with customer responsiveness and focuses primarily on the ability of the firm to fulfill demand in situations where consumer wants and needs are less obvious.The two strategies do in fact share a common objective--the fulfillment of customer requirements at the lowest total cost to the members of the supply chain.The difference between the two is the point at which cost control becomes a priority.This happens much quicker when using the lean supply chain management strategy.The Leagile supply chain strategy combines the best elements of the lean and agile strategies for a particular product/market combination.This strategy employs postponement,which is the delay in the final production that enables the company to take advantage of many of the benefits of lean supply chain management while still providing the agility that improves customer experiences.
General Mills has reengineered its packaging.After doing so,_____ metrics,as defined by the Balanced Scorecard Approach,revealed the company had saved 890,000 pounds of paper fiber and eliminated 500 trucks from the road the first year the new packaging was on store shelves.
B
In terms of firm-to-firm social interactions,_____ integration provides important benefits.
A
One-quarter of Ace's 60,000 SKUs are vendor-managed through software called the "Collaboration" program.This software allows certain vendors to go online to get information to build their forecasts.The result of this application is fewer shipments,fuller pallets,increased pallets per truck,and a reduction in freight.Collaboration is part of Ace's:
When the Boeing Co.announced it would delay the introduction of its new 787,the CEO blamed the problem on the company's supply chain.Airplanes use thousands of individual parts and in an attempt to relieve the smaller,individual supply chain quandary,Boeing used major suppliers to construct large pieces of the plane.Boeing would have benefited from more _____ integration.
A manufacturer of automobile component parts that has turned over all transportation functions to an independent third party in its supply chain has engaged in:
Supply chain managers are responsible for all of the following EXCEPT:
All of the following are criteria used to choose a mode of transportation EXCEPT:
EDI is often used to replace paper documents with electronic documents containing the same information.
Whirlpool and Lowe's
Every week,Whirlpool and Lowe's have an on-line conference call to discuss what appliances are selling in the stores,and what capacity Whirlpool has to make product.Often,the discussion revolves around a particular model that is selling at a higher than expected rate in Lowe's.This often results in Whirlpool quickly flexing its supply chain to make more of the high-selling product and delivering it to Lowe's customers.However,sometimes the answer is that Whirlpool and/or its suppliers do not have the capacity to make more of the product in question.It then becomes a question of demand shaping for Lowe's.What promotions,in-store displays,sales incentives,etc.can Lowe's implement to shift demand from the capacity-constrained model to one that the supply chain has more capacity to deliver? In this way,Lowe's,Whirlpool,and their suppliers manage supply and also demand.
-Refer to Whirlpool and Lowe's.Whirlpool contracts with another firm to manage its order fulfillment process with Lowe's.This contracted firm is referred to as a(n):
Customer satisfaction ratings,orders picked from the warehouse per hour,and the ratio of operating assets to income are examples of metrics that can be used to repeatedly assess supply-chain performance.
The six criteria important in selecting a transportation mode are relative cost,transit time,reliability,capability,accessibility,and traceability.
All of the following activity groups are related closely to internal operations integration success EXCEPT:
Specialty Blades designs precision cutting devices for varied applications.On one recent project they worked closely with a medical device company,developing a combination scalpel and stapler that slices tissue very neatly close to the staples,which resulted in less traumatic procedures,and quicker patient recoveries.This is an example of which of the eight critical processes performed by supply chain managers?
Sobha Developers is the only company in India and possibly the world that manufactures almost everything that goes into its buildings.It is this backward integration that gives Sobha absolute control over quality at every level.Sobha has the highest possible _____ integration.
After examining performance data,the Queen City Awning Company has determined that each employee should be able to manufacture ten canvas awnings each day.This is an example of an internal:
_____ coordinates and integrates all of the activities performed by channel members into a seamless process,from the source to the point of consumption,resulting in enhanced customer and economic value.
High role specificity means each firm in the supply chain has clarity in terms of knowing which firm is the leader,which firms are the followers,and which responsibilities are assigned to each firm.
Papa John's pizza chain uses UPS trucks to carry supplies to its franchises.Papa John's does not own the trucks but has contracted with UPS to have all of the trucks it uses in its deliveries to Papa John's establishments painted with the Papa John's logo and company colors.Papa John's is using:
The process of ABC segmentation is a critical process if _____ integration is to be successful.
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