Podcast
Questions and Answers
What aspect of supply chain management provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses?
What aspect of supply chain management provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses?
- Availability
- Visibility (correct)
- Accountability
- Accuracy
Which of the following is NOT one of the seven Rs of logistics?
Which of the following is NOT one of the seven Rs of logistics?
- Inventory
- Quality (correct)
- Cost
- Information
What is a major barrier to the effective use of information technology in supply chain management?
What is a major barrier to the effective use of information technology in supply chain management?
- Management support
- Effective applications
- People (correct)
- Cost
What is the primary function of a supply chain information system (SCIS)?
What is the primary function of a supply chain information system (SCIS)?
What type of software provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data?
What type of software provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data?
What is the primary benefit of supply chain software?
What is the primary benefit of supply chain software?
What is the relationship between ERP systems and SCIS?
What is the relationship between ERP systems and SCIS?
What is a key consideration for managers when selecting software development and implementation options?
What is a key consideration for managers when selecting software development and implementation options?
What is not a factor of the global operations supply chain vulnerability?
What is not a factor of the global operations supply chain vulnerability?
What is the primary function of Electronic Data Interchange (EDI)?
What is the primary function of Electronic Data Interchange (EDI)?
Which category does an ERP system fall under?
Which category does an ERP system fall under?
What is true about ERP systems?
What is true about ERP systems?
What was the outcome of SanDisk implementing a new system?
What was the outcome of SanDisk implementing a new system?
What is possible to purchase in the software industry?
What is possible to purchase in the software industry?
What is an issue to be addressed with on-demand supply chain software?
What is an issue to be addressed with on-demand supply chain software?
What is a characteristic of ERP systems?
What is a characteristic of ERP systems?
What is horizontal collaboration defined as?
What is horizontal collaboration defined as?
What is full collaboration composed of?
What is full collaboration composed of?
How is a third-party logistics firm defined?
How is a third-party logistics firm defined?
What are the least-frequently used IT-based services by customers of 3PLs?
What are the least-frequently used IT-based services by customers of 3PLs?
Who is often involved in the identification of the need for logistic services?
Who is often involved in the identification of the need for logistic services?
What do approximately two-thirds of 3PL customers think their providers supply?
What do approximately two-thirds of 3PL customers think their providers supply?
What is the transition from information hoarding to information sharing heavily dependent on?
What is the transition from information hoarding to information sharing heavily dependent on?
What is the primary role of a 3PL provider?
What is the primary role of a 3PL provider?
Study Notes
Supply Chain Management
- Effective situational assessments and responses are enabled by visibility of demand, customer orders, delivery status, inventory stock levels, and production schedules.
Logistics
- The seven Rs of logistics do not include cost, quality, or information.
Barriers to Information Technology
- People are a major barrier to the effective use of information technology.
Supply Chain Information System (SCIS)
- SCIS is an information system that automates the flow of information between a firm and its suppliers.
Supply Chain Software
- Data synchronization tools aggregate and organize item-related data such as item number, price, description, and weight.
- Supply chain software includes technologies that address virtually every function and task in the supply chain.
ERP Systems
- ERP systems have information elements needed by SCIS applications.
- ERP systems are web-based, open to integrate and interoperate with other systems, and built around modules or components.
- ERP systems fall under supply chain transaction execution.
Electronic Data Interchange (EDI)
- EDI is the exchange of business documents in a standard format.
Supply Chain Collaboration
- Full collaboration is the dynamic combination of both vertical and horizontal collaboration.
- Horizontal collaboration refers to relationships between horizontal and/or vertical competitors.
Third Party Logistics (3PL)
- A third party logistics firm is an external supplier that performs or manages all or part of a company's logistics functions.
- The least-frequently used IT-based services by customers of 3PLs are strategic and customer-related services.
Logistics Services
- Executives from other areas in the company are also aware of the need for logistics services, but to a lesser degree.
- Approximately two-thirds of 3PL customers think their providers supply tactical or operational services.
Information Sharing
- The transition from information hoarding to information sharing is heavily dependent on technology, trust, and confidentiality.
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Description
Test your knowledge of supply chain management concepts, including demand visibility, logistics, and sustainable practices.
