24 Questions
What aspect of supply chain management provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses?
Visibility
Which of the following is NOT one of the seven Rs of logistics?
Quality
What is a major barrier to the effective use of information technology in supply chain management?
People
What is the primary function of a supply chain information system (SCIS)?
To automate the flow of information between a firm and its suppliers
What type of software provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data?
Data synchronization tools
What is the primary benefit of supply chain software?
It helps organizations plan, execute, and control supply chain activities in real-time
What is the relationship between ERP systems and SCIS?
ERP systems have information elements needed by SCIS applications
What is a key consideration for managers when selecting software development and implementation options?
The availability of various options
What is not a factor of the global operations supply chain vulnerability?
Insurance policy
What is the primary function of Electronic Data Interchange (EDI)?
To exchange business documents in a standard format
Which category does an ERP system fall under?
Supply chain transaction execution
What is true about ERP systems?
They are built around modules or components
What was the outcome of SanDisk implementing a new system?
Improved forecast accuracy by 25%
What is possible to purchase in the software industry?
Best of breed solutions from leading providers in each category
What is an issue to be addressed with on-demand supply chain software?
All of these
What is a characteristic of ERP systems?
They are web-based, open to integrate and interoperate with other systems
What is horizontal collaboration defined as?
Collaboration with horizontal and/or vertical competitors
What is full collaboration composed of?
Both vertical and horizontal collaboration
How is a third-party logistics firm defined?
An external supplier that performs or manages logistics functions
What are the least-frequently used IT-based services by customers of 3PLs?
Strategic and customer related
Who is often involved in the identification of the need for logistic services?
The president or CEO and the finance executive
What do approximately two-thirds of 3PL customers think their providers supply?
Tactical or operational services
What is the transition from information hoarding to information sharing heavily dependent on?
Price and technology
What is the primary role of a 3PL provider?
To manage all or part of a company's logistics functions
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.
Test your knowledge of supply chain management concepts, including demand visibility, logistics, and sustainable practices.
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