General Study Notes Request

A supply chain strategy where production is driven by actual customer demand, leading to shorter lead times, lower inventories, and faster information exchange.

A supply chain strategy focused on minimizing costs by planning the supply chain in advance.

The ability to respond quickly to changes in demand, adapt to unforeseen events, and adjust operations in real-time.

The ability to effectively manage diverse supply chain processes and adapt to unpredictable events.

The ability to see and track all relevant information and events happening across the supply chain network.

The value of a product per unit of space or weight.

A measure of the physical amount of a product within a given space.

The combination of value density and product density plays a crucial role in determining the optimal supply chain strategy for each product.

Items resulting from a process, like finished products, processed info, materials, energy, money, or satisfied customers.

The item analyzed in a process, can be input (customer order) or output (finished product), or a financial value.

The simplest form of transformation in a process, a building block.

Storage for flow units waiting for the next activity.

A set of management policies defining how a process should be carried out and allocating resources to activities.

A process within a process, splitting processes into sub-processes, for reasons like capacity, competency, standardization, or customization.

Managing and controlling processes that transform inputs into products and services.

The relationships specifying the order of activities, indicating which activity must finish before another can start.

Standardized descriptions of management processes and relationships between processes.

Management practices that significantly improve process performance.

Standardized definitions of skills needed to execute supply chain processes.

Standardized definitions for sustainable business models and environmental accounting.

SCOR performance and processes are organized in a hierarchical structure.

SCOR practices are categorized into three levels: emerging, best, and standard.

SCOR graphics illustrate example process configurations but may need adjustments based on specific supply chains and practices.

SCOR helps businesses align their supply chain strategy with their overall business strategy by evaluating how well the supply chain meets business plan objectives.

The ability to track and understand the current status and location of products or services, providing real-time insights into the supply chain.

A strategy where different stages of the supply chain work closely together to optimize operations and meet customer demands efficiently.

A pricing strategy focused on keeping house brand products as competitive as possible in the market.

Strategies used to delay production until the last possible moment, aiming to minimize waste and maintain flexibility.

A measure of the time it takes for a product to move through the supply chain, from initial production to reaching the customer.

A buffer stock held to mitigate the risk of disruptions and ensure timely delivery of products.

The variation in lead times or delivery times for products within the supply chain.

A situation where a manufacturer offers price discounts to stimulate sales and increase volume, potentially impacting the pricing strategy of retailers as well.

A type of automation that can be easily modified to produce different products, ideally suited for smaller production batches.

A manufacturing process that uses specialized machines to produce large volumes of a single, stable product.

A measure of how efficiently a resource is being used by comparing the actual active time with the total available time.

A sequence of tasks within an organization that transforms input into output.

The average time taken to complete consecutive units in a process.

A diagram that visually represents the key elements of a process, including tasks, material flows, decision points, and storage areas.

A type of manufacturing process that uses specialized machines and focuses on high volumes of a single product, often with high levels of automation.

A type of manufacturing process that is more flexible, suited for smaller production volumes and potentially involves more manual work.

A situation where the demand for a product fluctuates significantly, often due to seasonal factors or market trends. This can make it challenging for businesses to accurately predict and manage their production and inventory levels.

A production or supply chain strategy where the focus is on producing and delivering products based on customer demand. It relies on real-time information about customer orders and allows for flexible production and delivery.

A production or supply chain strategy where the focus is on producing and pushing large quantities of goods into the market, based on forecasts or estimated demand. It can lead to high inventory levels and potential waste if demand is not aligned with supply.

The process of sharing information about a customer's own customers, enabling better coordination and understanding within the supply chain. This allows for more accurate forecasting, production planning, and delivery optimization.

The point in a production process that limits the overall throughput or output of the entire process. Identifying and optimizing the bottleneck is crucial for improving efficiency and output.

A supply chain management approach where the focus is on identifying and managing constraints within the system. It emphasizes optimizing the flow of materials and information to maximize the throughput of the bottleneck.

A type of organization structure characterized by departmental silos. Each department operates independently with its own goals and objectives, sometimes leading to inefficiencies and suboptimization.

A situation where individual departments within an organization optimize their own performance at the expense of overall organizational efficiency. This can lead to inefficiencies and suboptimization.