Exam 5: Technical Fundamentals
Summarize the best practices for implementing a successful supply chain management system.
(1)Make the sale to suppliers-A large part of any SCM system extends beyond the organization to the suppliers.Since the organization has very little control over anything external to itself,these pieces are typically the most complicated.Be sure suppliers are on board with the benefits that the SCM system will provide to ease SCM implementation difficulties.
(2)Wean employees off traditional business practices-If the organization cannot convince people that using the SCM software is worthwhile,the employees will probably find a way around using the software.
(3)Ensure the SCM system supports the organizational goals-Be sure to select SCM software that supports organizational goals and strategies.
(4)Deploy in Incremental phases and measure and communicate success-Designing the deployment of the SCM system in incremental phases is the most successful deployment method.The BIG BANG approach-implementing everything at once-fails 90 percent of the time.
(5)Be future oriented-An SCM system,like all systems,must scale to meet future demands.
Which one of the following is an activity of Operations Management (OM)?
D
In a supply chain,which one of the following doesn't flow in the direction of upstream?
C
What allows an organization to reduce the cost and time required during the design process of a product?
Decisions are sometimes referred to as __________________,which focuses on long range planning such as plant size,location,and type of process to be used.
Distribution of products flow from customers and their _____________ customers at all levels.
Information technology,consumer behaviour,visibility,and speed are the four changes resulting from advances in technology that are driving supply chains.
What would an organization choose that focuses on transportation efficiency?
What is it called when distorted product demand information passes from one entity to the next throughout the supply chain?
Which of the following generates demand forecasts using statistical tools and forecasting techniques?
Information technology's primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing,sales,finance,manufacturing,and distribution-and between firms.
Being the low-cost producer always guarantee profitability and success.
____________________ focuses on producing goods and services as efficiently as possible within the strategic plan
Operations management is responsible for managing the core processes used to manufacture goods and produce services.
What best describes all the activities managers do to help companies create goods?
Distribution management systems coordinate the process of transporting materials from a manufacturer to distribution centers to the final customer.
In a supply chain,foods or services flows in the direction of ________.
_____________________ is responsible for managing the core processes used to manufacture goods and produce services.
Global inventory management systems (GIMS)provide the ability to locate,track,and predict the movement of every component or material anywhere upstream or downstream in the business process.
What enables an organization to react more quickly to resolve supply chain issues?
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