SCM 3301

  1. 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 Management (SCM)
  2. Supply Chain Core Process
    Plan, Source, Make, Deliver, Return
  3. Strategic Design
  4. Select Suppliers
  5. Transformation Process optimization
  6. Logistics Optimization
  7. Reverse logistics/closed-loop supply chain
  8. likelihood that something will occur
  9. tells how much certain values differ from the mean
  10. average number of a particular set of values
  11. Customer value
    Performance Attributes/ Cost
  12. provides vision, establishes future goals and keeps the organization moving in the right driection consistent with the company's mission
    business/corporate strategy
  13. the degree of labor involved in the delivery of a service
    degree of labor intensity
  14. criteria for comeptition
    Cost, Quality, Dependability, Flexibility
  15. provides an organization with the ability to synchronize and automate  the flows of material, processes, information and cash to the supply chain
    Enterprise Resource Planning (ERP)
  16. expenses that a company incurs in making their product or providing their service and is captured bt the Cost of Good Sold
    direct material spend
  17. 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
    indirect material spend
  18. performing a function internally
    vertical integration
  19. having an outside  company perform a function
  20. whe a firm moves  an operation (i.e. manufacturing, warehousing) to a foreign country
  21. a firm that has outsourced most of their functions accross a supply chain network
    virtual or hollow corporations
  22. 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
    demand aggregation
  23. when a buying firm determines the optimal number of suppliers in a particular supply network and who those suppliers will be
    supplier rationalization
  24. demand aggregation plus supllier rationalization equals....
    leveraged spend
  25. 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)
    maverick spend
  26. the failure of the supplier to adhere to the contract terms
    spend leakage
  27. the competitive advantage that can be gained by getting a new product ot market first
    first-mover advantage
  28. the need to get new products to the marketplace  ahead of ones' competitors
    time-based competition
  29. reduce the complexity of a new product and to eliminate potential  production problem areas from the design
  30. eliminating or changing product features in the design that do not add value
    value engineering
  31. the use of cross-functional, product development teams, at the very beginning of the design project
    concurrent engineering
  32. where activities are shown on arrows
    Activity-on-Arrow (AOA)
  33. activities are shown by nodes; arrows are used to show precedence only
Card Set
SCM 3301
SCM 3301