FOR QUIZ 2

• 2 goals

  • Efficiency= low cost
  • Effectiveness= high attainment
• Four categories of Planning and Sourcing?

  Plan

  Source

  Make

  Deliver
• Categories of Forecasting?

  Supply

  Demand

  Product Charateristics

  Competitive Environment
• it is the overall market demand product?

  supply
• it is the amount of product available?

  demand
• it is the product features that influence demand?

  product characteristics
• it is the action of products suppliers in the market?

  competitive environment
• Four basic methods of Forecasting

  1. Qualitative
  2. Causal
  3. Time Series
  4. simulation
• it is the method that relay on persons institution or opinion?

  qualitative
• it is the method that assumes demands strongly related to certain factors?

  CAUSAL
• it is the method that based on historical patterns?

  time series
• it is the method that is a combination of causal and time series?

  simulation
• 3 approach to aggregate planning?

  1. Use production capacity to meet demand
  2. Use varying labels of total production company
  3. Use inventory and work in progress inventory
• the companies and entire supply chains can influence demand overtime by using price?

  Product Pricing Planning
• it is a set of techniques that are used to manage inventory levels.

  inventory management planning
• in this stage, the supply chain managers need to construct a set of pricing, delivery, and payment process with the suppliers?

  SOURCE
• the purchasing manager looks for potential suppliers based on the quality at the lowest cost.

  PROCUREMENT
• 5 procurement activity

  1. Purchasing
  2. Consumption Management
  3. Vendor Selection
  4. Contact Negotiation
  5. Contract Management
• 2 types of Purchasing?

  Direct or Strategic Materials

  Indirect or Maintenance Operation Product
• it is that you need to produce the product/service that you sell?

  direct or strategic materials
• it is the business consumes as daily production/operation?

  indirect or maintenance operation product
• it is the sourcing process that a company uses to get its money?

  CREDIT AND COLLECTION
• A GLOBAL NETWORK USED TO DELIVER PRODUCTS AND SERVICES?

  supply chain
• THRU FLOW:

  • information
  • physical distribution
  • cash
• basic supply chain for a product

  • supplier
  • producer
  • customer
• BASIC SUPPLY CHAIN

  1. SELLER
  2. PRODUCER
  3. CUSTOMER
• SELLER

  • raw materials
  • energy
  • services
  • components
• PRODUCER

  • components from seller
  • furnished goods
  • service
• CUSTOMER

  • Receiver of finished product
• 3 supply chain Strategies

  1. stable
  2. reactive
  3. efficient reactive
• 4 flows in the supply chain?

  information flow

  primary cash flow

  primary product flow

  reverse product flow
• INFORMATION FLOW includes?

  invoices

  sales literature

  specification

  receipt

  orders

  rules and regulations
• PRIMARY CASH FLOW includes?

  payments of products

  supplies
• PRIMARY PRODUCT FLOW includes?

  materials

  components

  supplies

  services

  finished products
• REVERSED PRODUCT FLOW includes?


  return for repair

  replacement

  recycling

  disposal
• SUPPLY CHAIN MODEL was developed in?

  manufacturing
• Supply chain in manufacturing is considered as?

  complex manufacturing
• 2 types of Supply Chain?

  vertical integration

  horizontal integration
• it is an arrangement the supply chain is owned by that company?

  vertical supply chain
• it is the expanding of business by acquiring a similar company in the same industry?

  horizontal supply chain