Supply Chain Management Fifth Edition Overview

<p>To demonstrate the link between supply chain drivers and the firm's financial performance (C)</p> Signup and view all the answers

<p>Chapter 6 (D)</p> Signup and view all the answers

<p>To apply the concepts of financial metrics and ratios to a real-world scenario (D)</p> Signup and view all the answers

<p>Chapter 7 (A)</p> Signup and view all the answers

<p>The authors are responding to feedback and refining the book's content (B)</p> Signup and view all the answers

<p>Identification and disaggregation of the aggregate unit (A)</p> Signup and view all the answers

<p>Chapter 9 (C)</p> Signup and view all the answers

<p>Quantity discounts rationale (A)</p> Signup and view all the answers

<p>Value of postponement and a mini-case on packaging (D)</p> Signup and view all the answers

<p>Risk sharing and supply chain contracts (A)</p> Signup and view all the answers

<p>Chapter 18 (A)</p> Signup and view all the answers

<p>Both quantitative and qualitative (B)</p> Signup and view all the answers

<p>To provide a comprehensive understanding of supply chain problems (D)</p> Signup and view all the answers

<p>They are performed in response to a forecast. (C)</p> Signup and view all the answers

<p>It enables stores to match supply and demand more effectively. (B)</p> Signup and view all the answers

<p>Processes that respond directly to customer orders. (C)</p> Signup and view all the answers

<p>Seven-Eleven Japan (B)</p> Signup and view all the answers

<p>By identifying the appropriate push/pull boundary. (A)</p> Signup and view all the answers

<p>It had large warehouses in several major cities. (A)</p> Signup and view all the answers

<p>Performing all processes in large factories based on forecasts. (A)</p> Signup and view all the answers

<p>Heavy investment in transportation and information infrastructure. (C)</p> Signup and view all the answers

<p>To match supply and demand effectively. (B)</p> Signup and view all the answers

<p>Forecasting customer demand for components. (B)</p> Signup and view all the answers

<p>A highly responsive replenishment system. (D)</p> Signup and view all the answers

<p>Delays in delivering specific color mixtures to customers. (B)</p> Signup and view all the answers

<p>Inefficient supply chain designs and management. (C)</p> Signup and view all the answers

<p>They transport goods in full truckloads to local stores. (D)</p> Signup and view all the answers

<p>Accurately forecasting customer demand. (C)</p> Signup and view all the answers

<p>$14.3 billion (D)</p> Signup and view all the answers

<p>Enhance forecasting accuracy (B)</p> Signup and view all the answers

<p>Customer order cycle (B)</p> Signup and view all the answers

<p>Order size increases, frequency decreases (B)</p> Signup and view all the answers

<p>To facilitate better demand projections (C)</p> Signup and view all the answers

<p>By specifying roles and responsibilities (D)</p> Signup and view all the answers

<p>Reduce costs and meet environmental goals (C)</p> Signup and view all the answers

<p>Order placement can be projected based on policies in most cycles (B)</p> Signup and view all the answers

<p>The external nature of demand (B)</p> Signup and view all the answers

<p>To fulfill a customer request efficiently (C)</p> Signup and view all the answers

<p>Estimating future demand for products (B)</p> Signup and view all the answers

<p>Strategic, tactical, operational (C)</p> Signup and view all the answers

<p>Competitors (B)</p> Signup and view all the answers

<p>Overall supply chain performance (B)</p> Signup and view all the answers

<p>The stages and activities at which value is added (D)</p> Signup and view all the answers

<p>Human resources (C)</p> Signup and view all the answers

<p>The retail environment where the purchase occurs (A)</p> Signup and view all the answers

The process of the supplier fulfilling customer orders timely and accurately.

The cycle where demand is external and uncertain, based on customer orders.

A cycle where orders can be predicted based on known production schedules.

The increase in order size as you move from customer to supplier.

The need for sharing information increases as we move through the supply chain stages.

A perspective that defines processes and responsibilities of each supply chain member.

A classification of supply chain processes based on timing relative to customer demand.

Choices made regarding how supply chain processes are carried out based on their cycle.

The strategic arrangement of supply chain components to optimize flow of goods.

Regular restocking of products to meet demand effectively.

Wal-Mart reported a net income of $14.3 billion in 2010.

The compounded annual growth rate exceeds 20% since 1980 for Wal-Mart.

A convenience store chain using responsive replenishment and info systems.

Webvan's design of large warehouses led to high costs and inefficiency.

Expenses related to moving goods from suppliers to consumers.

The rate at which inventory is sold and replaced over a period.

The total quantity or measure used in planning.

The process of breaking down the aggregate plan into smaller units.

Price reductions based on the amount purchased.

Delaying certain processes to better match demand.

The planning of transport routes and systems for efficiency.

Collaborative management of uncertainties in supply chains.

Adjusting supply sources based on specific needs.

Integrating ecological and social practices in supply chains.

A process initiated in anticipation of customer orders, often based on forecasts.

A process initiated in direct response to a customer order.

A request made by a customer for specific goods or services, triggering supply processes.

The point in the supply chain where processes shift from push to pull based on demand.

In the past, paint was produced as a push process until the market changed needs.

M.B.A. students, engineering master’s students, and senior undergraduates interested in supply chain management.

Short case studies included in the book to apply concepts in real situations.

Tools provided for numerical examples to enable what-if analysis for students.

Measurements linked to different supply chain drivers affecting financial performance.

Decisions regarding relocating business operations either back home or overseas amid uncertainty.

Aligning activities across the supply chain, now discussed within demand and supply planning.

Discrepancies between predicted and actual demand, addressed in supply chain discussions.

A value used in forecasting to reduce fluctuations and improve predictions.

All parties involved in fulfilling a customer request, including manufacturers, suppliers, and retailers.

To effectively meet customer demands while optimizing costs and resources.

Three key phases: strategic, planning, and operational, guiding supply chain activities.

Push: forecasts demand; Pull: responds to actual demand from customers.

Broad processes classified into planning, sourcing, making, delivering, and returning.

Customers are integral, starting the chain with their needs and requests.

Involves collaboration among various departments like marketing, operations, and finance.