MID TERM 1 REVIEW CH 00 01 02 03
Who is known as the “Father of Containerization”?
What became possible because of Containerization?
A Commercial Airplane has parts from as many as 70 Countries.
What Percent of COGS does Supply Chain Control?
What are the three major parts of supply chain that control 90% of COGS?
What did Henry Ford Introduce to Manufacturing Efficiency?
Why was is easier for Ford to manage and plan than it is for today’s Auto Mfrs?
How is the same principle seen in Laundry Detergent?
What does the picture below show you?
Give SEVEN Reasons for increased need of Supply Chain Management
What is a Supply Chain Tier?
What is FOCAL FIRM, CUSTOMER TIER, SUPPLIER TIER?
If you sell to Comp-X ans Comp-X sells to Comp-Y, and Comp-Y sells to Comp-z, what is Comp-Z?
What is Bullwhip? Why is it important to control?
Define EXPANSION OF NEEDS (Onion Skin)
What is Vertical versus Horizontal Structure in a company?
What is the SILO Affect?
What is Cross Functional Collaboration?
Define Supply Chain Management — IN YOUR WORDS.MRP, SRM, EDI, ASN, JIT
Define: VISIBILITY, VARIABILITY, UNCERTAINTY, BULLWHIP, INVENTORY TURNS, INVENTORY COSTS, TCO (Total Cost of Ownership), RETURN ON INVESTMENT, RETURN ON ASSETS, MARGIN, COGS (Cost of Goods Sold), COSTS versus TOTAL COST, RISKS
EXPLAIN, PROCESS IMPROVEMENT and PRODUCTIVITY MATH. Why is it important to Continuous Process Improvement? Why is it important to Maximize Profit? Hoe does DIVERSIFICATION impact?
Explain the Graph
What are the FOUR ELEMENTS of SCM?
What are the responsibilities of each element?
EXPLAIN the meaning of:
What is 3rd Party Logistics?
What is 4th Party Logistics
List the functions, tools, processes of the Four Elements of SCM
What are the Current Trends of SCM?
What is the difference between MERCHANT and INDUSTRIAL BUYER?
Why is IDENRIFICATION and DEFINITION of Product important?
What is the ULTIMATE GOAL of Supply Management?
Explain: Negotiations, Logistics, Contract development and administration, Inventory control and management, Supplier management
Explain the FOUR GOALS of Purchasing
Explain and or calculate PROFIT LEVERAGE EFFECT
Calculate INVENRTORY TURNS. What is the Formula?
What is the Inventory Turn Impact? Margin and Inventory Turn?
WHAT is ROI? What is the formula, using Margin and Inventory Turn?
How does good Inventory Turn build Financial Confidence?
Does a good inventory turn increase Margin? Profit? ROI?
Know the Manual Purchase Order Flow
A Purchase Order from the customer becomes a Sales Order to the Vendor
Explain why SMALL VALUE ORDERS are a problem and how to control them
Explain Blanket Order and Planned Order Release
Using IKEA as a model, explain Standardization of Components and its benefit.
MAKE VERSUS BUY – Base of Decisions
MAKE VERSUS BUY – WHY BUY?
MAKE VERSUS BUY – WHY MAKE?
MAKE VERSUS BUY – CALCULATION: Break Even, Cost per unit, Cost decision to Buy, Cost per unit, Cost decision to Make, Cost per unit,
Strengths of Vendors – SUPPLIER DECISIONS
Benefits and Risks – Single Vendor versus Multiple Vendor
Benefits and Risks – CENTRALIZATION versus DE-CENTRALIZATION
What is SRM?
Performance Measurement Predictability / Reliability
Contract Administration Clarity avoids courtroom
Financial Management Financial Sustainability
Relationship Management Collaboration / Partnering
Audit and Site Visits
Re-evaluation Events ( Mgmt. Changes, Location Changes, etc.)
How to build Relationships – SRM
How to build Collaboration – SRM
Total Cost of Ownership – Explain three levels using Pharma, New Automobile, Toaster Oven
Weighted Scorecard – WHY, HOW, WHAT?
Design one and calculate.
SUPPLIER DEVELOPMENT – “Activity that a buyer undertakes to improve a supplier’s performance and/or capabilities to meet the buyer’s short- and/or long-term supply needs”
IF YOU DON’T HAVE ONE BUILD ONE – INVESTMENT
Supplier Recognition – Define and Explain Value
Supplier Relationship Management: Transactional versus Analytical ; STRONG SRM Strategies
When You Hear STRATEGIC – Think Long Term GOALS