scm test

1. 1MPR: Determining the n[blank_start]umber[blank_end] of parts, components and m[blank_start]aterials[blank_end] needed to p[blank_start]roduce[blank_end] a product
   - Time scheduling information
   

   1. Aumber
   2. Baterials
   3. Croduce
2. 2A[blank_start]ggregate[blank_end] plan: provides the g[blank_start]eneral[blank_end] range of o[blank_start]peration[blank_end]
   

   1. Aggregate
   2. Beneral
   3. Cperation
3. 3Master schedule: must sp[blank_start]ecify[blank_end] exactly what is to be p[blank_start]roduced[blank_end]
   ○ All d[blank_start]emands[blank_end]
   ○ Don’t lose sight of aggregate plan
   ○ Involved in customer order
   ○ Visible to all management levels
   Identify and communicate problem

   1. Aecify
   2. Broduced
   3. Cemands
4. 4Bill of m[blank_start]aterials[blank_end]: complete p[blank_start]roduct[blank_end] d[blank_start]escription[blank_end], listing the materials, parts and the sequence in which the product is created
   - The table and levels problems
   

   1. Aaterials
   2. Broduct
   3. Cescription
5. 5A[blank_start]ggregate[blank_end] planning: setting production rates by group or others broad categories (3 - 18 months)
   
   C[blank_start]hase[blank_end] strategy: h[blank_start]iring[blank_end] and [blank_start]firing[blank_end] employees (must have large pool of applicants)
   
   Stable workforce: vary n[blank_start]umber[blank_end] of h[blank_start]ours[blank_end] through flexible schedules or overtime
   
   L[blank_start]evel[blank_end] Strategy: d[blank_start]emand[blank_end] changes are absorbed by fluctuating i[blank_start]nventory[blank_end] levels
   
   P[blank_start]ure[blank_end] strategy: used to absorb demand fluctuations
   
   M[blank_start]ixed[blank_end] strategy: two or more of the approaches are used (can also use sub-contracting

   1. Aggregate
   2. Biring
   3. Cfiring
   4. Dhase
   5. Eumber
   6. Fours
   7. Gevel
   8. Hemand
   9. Inventory
   10. Jure
   11. Kixed
6. 6Lean p[blank_start]roduction[blank_end]: integrated set of a[blank_start]ctivities[blank_end] designed to achieve high-volume p[blank_start]roduction[blank_end] using m[blank_start]inimal[blank_end] i[blank_start]nventories[blank_end] (raw materials, work in process and finished goods)
   - involves the e[blank_start]limination[blank_end] of w[blank_start]aste[blank_end] in production effort
   Timing of production resources

   1. Aroduction
   2. Bctivities
   3. Croduction
   4. Dinimal
   5. Enventories
   6. Flimination
   7. Gaste
7. 7V[blank_start]alue[blank_end] c[blank_start]hain[blank_end]: each step in the supply chain should c[blank_start]reate[blank_end] v[blank_start]alue[blank_end] (if it does not - remove it)
   
   Customer value: something for which the c[blank_start]ustomer[blank_end] is willing to p[blank_start]ay[blank_end]
   
   W[blank_start]aste[blank_end]: anything that does not add value
   
   Lean Logic: logic that nothing will be produced until it is needed
   
   JIT Production: producing what is n[blank_start]eeded[blank_end] when needed and n[blank_start]othing[blank_end] more
   - Exposes problems otherwise hidden by inventory
   

   1. Aalue
   2. Bhain
   3. Create
   4. Dalue
   5. Eustomer
   6. Fay
   7. Gaste
   8. Heeded
   9. Iothing
8. 8Push system: based on f[blank_start]orecasts[blank_end] of demand. The centralised planning department plans the customer needs and production produces based on the forecast
   - Companies keep m[blank_start]ore[blank_end] stock - increased c[blank_start]osts[blank_end]
   - Q[blank_start]uality[blank_end] problems often hidden
   - Inventories hide p[blank_start]roblems[blank_end] of factories
   - Flow of information, products and services across a network of customers
   

   1. Aorecasts
   2. Bore
   3. Costs
   4. Duality
   5. Eroblems
9. 9Pull system: m[blank_start]anagement[blank_end] of flow of information, products and services, enterprises and supply chain partners
   - Benefits:
   - Reduce overall i[blank_start]nventory[blank_end]
   - R[blank_start]educe[blank_end] work in process (WIP)
   - Reduce order t[blank_start]urnover[blank_end]
   - I[blank_start]ncrease[blank_end] customer satisfaction
   - Improve c[blank_start]ash[blank_end] flow
   

   1. Aanagement
   2. Bnventory
   3. Ceduce
   4. Durnover
   5. Encrease
   6. Fash
10. 10MIS: provides i[blank_start]nformation[blank_end] and support for managerial decision making. Supported by the organisations t[blank_start]ransaction[blank_end] processing systems and by organisational and e[blank_start]xternal[blank_end] d[blank_start]atabases[blank_end]
    
    

    1. Anformation
    2. Bransaction
    3. Cxternal
    4. Databases

11. 11L[blank_start]ean[blank_end]: e[blank_start]limination[blank_end] of w[blank_start]aste[blank_end] and costs m[blank_start]aximising[blank_end] p[blank_start]erformance[blank_end] and customer satisfaction
    - E[blank_start]liminate[blank_end] waste
    - Make customer consumption visible
    - R[blank_start]educe[blank_end] lead time
    - I[blank_start]ncrease[blank_end] velocity and reduce variation
    - Coordination
    
    Agile: makes use of s[blank_start]trategies[blank_end] at being at r[blank_start]esponsive[blank_end] and fl[blank_start]exible[blank_end] to customer needs
    - S[blank_start]peed[blank_end], cost and efficiency
    - Have high sensibility to m[blank_start]arket[blank_end] demands
    - P[blank_start]lanning[blank_end] based on demand
    - Suppliers integrations
    Information sharing

    1. Aean
    2. Blimination
    3. Caximising
    4. Daste
    5. Eerformance
    6. Fliminate
    7. Geduce
    8. Hncrease
    9. Itrategies
    10. Jesponsive
    11. Kexible
    12. Lpeed
    13. Market
    14. Nlanning
12. 12product life cycle
    I[blank_start]ntroduction[blank_end] stage
    - B[blank_start]uild[blank_end] sales
    - High costs and low profitability
    
    G[blank_start]rowth[blank_end] Stage
    - Know target market
    - C[blank_start]ompetition[blank_end] increase
    - Focuses on customer satisfaction
    - May be modified to offer more than competition
    
    M[blank_start]aturity[blank_end] Stage
    - Most of target market owns the product
    - Decisions on how product can be improved
    
    D[blank_start]ecline[blank_end] Stage
    - Sell or license product
    - Recommit to product line
    
    

    1. Antroduction
    2. Build
    3. Crowth
    4. Dompetition
    5. Eaturity
    6. Fecline
13. 13VMI: SCM of r[blank_start]educing[blank_end] cost of capital by r[blank_start]educing[blank_end] i[blank_start]nventory[blank_end]
    
    Advantages
    - Reduce o[blank_start]peration[blank_end] costs
    - Create a strong r[blank_start]elationship[blank_end] with suppliers
    - Improved forecasting ability
    - More a[blank_start]ccurate[blank_end] management and control of inventory
    - Reducing inventory and stock shortages
    - I[blank_start]mproved[blank_end] customer services
    
    Disadvantages
    - U[blank_start]nreliable[blank_end] suppliers
    - R[blank_start]eliance[blank_end] on technology
    - Limited options
    - Market r[blank_start]esponsiveness[blank_end]
    

    1. Aeducing
    2. Beducing
    3. Cnventory
    4. Dperation
    5. Eelationship
    6. Fccurate
    7. Gmproved
    8. Hnreliable
    9. Ieliance
    10. Jesponsiveness
14. 14IT system
    Limitations
    - No system solves problems in worng defined processes
    - Some modules store info in c[blank_start]omplex[blank_end] ways
    - Little fl[blank_start]exibility[blank_end] in devlopment and c[blank_start]ustomisation[blank_end] of reports
    - I[blank_start]ntegration[blank_end] with independent systems is difficult
    
    Advantages
    - C[blank_start]ommunication[blank_end] and efficient fl[blank_start]ow[blank_end] of information between different business area
    - Planning and management of resources provided by integrated
    Optimisation of business processes and improvement in obtaining reliable

    1. Aomplex
    2. Bexibility
    3. Customisation
    4. Dntegration
    5. Eommunication
    6. Fow
15. 15how to organise efficiently
    1. S[blank_start]ort[blank_end] - e[blank_start]liminate[blank_end] all unnecessary tools and parts
    2. S[blank_start]et[blank_end] on O[blank_start]rder[blank_end] - everything should have a s[blank_start]et[blank_end] p[blank_start]lace[blank_end]
    3. S[blank_start]hine[blank_end] - c[blank_start]lean[blank_end] w[blank_start]ork[blank_end] space
    4. S[blank_start]tandardise[blank_end] - p[blank_start]ractices[blank_end] should be c[blank_start]onsistent[blank_end] and standardised
    5. S[blank_start]ustain[blank_end] - m[blank_start]aintain[blank_end]/ review standards

    1. Aort
    2. Bliminate
    3. Cet
    4. Drder
    5. Eet
    6. Flace
    7. Ghine
    8. Hlean
    9. Iork
    10. Jtandardise
    11. Konsistent
    12. Lractices
    13. Mustain
    14. Naintain

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Quiz on scm test, created by kirra sodhi on 16/05/2019.

Author

kirra sodhi

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