SCM 3301

the planning and control of all activities across the supply chain; a network of companies thatt buy, produce, move, store, and transform materials into finished products for the end user (customer)

Supply Chain Core Process

Strategic Design

Select Suppliers

Transformation Process optimization

Logistics Optimization

Reverse logistics/closed-loop supply chain

likelihood that something will occur

tells how much certain values differ from the mean

average number of a particular set of values

Customer value

provides vision, establishes future goals and keeps the organization moving in the right driection consistent with the company's mission

the degree of labor involved in the delivery of a service

criteria for comeptition

provides an organization with the ability to synchronize and automate  the flows of material, processes, information and cash to the supply chain

expenses that a company incurs in making their product or providing their service and is captured bt the Cost of Good Sold

miscellaneous (overhead) expenses a company incurs that are not associated with building the firm's core products  ans is capture in the Sales, General, and Adminstravtive section

performing a function internally

having an outside  company perform a function

whe a firm moves  an operation (i.e. manufacturing, warehousing) to a foreign country

a firm that has outsourced most of their functions accross a supply chain network

methodology where a buying firm consolidates its requirements across the entire enterprise, in a particular commodity classification, or between realted classification groups, into a single purchasing request, so as to maximize their buying strength in the marketplace

when a buying firm determines the optimal number of suppliers in a particular supply network and who those suppliers will be

demand aggregation plus supllier rationalization equals....

when purchasing personnel buy from outside of the supply contract, from suppliers who were not selected by the strategic sourcing analyst to  supply the items. (non-contract spend)

the failure of the supplier to adhere to the contract terms

the competitive advantage that can be gained by getting a new product ot market first

the need to get new products to the marketplace  ahead of ones' competitors

reduce the complexity of a new product and to eliminate potential  production problem areas from the design

eliminating or changing product features in the design that do not add value

the use of cross-functional, product development teams, at the very beginning of the design project

where activities are shown on arrows

activities are shown by nodes; arrows are used to show precedence only