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Global SCM
FIRST TEST
33
Other
Undergraduate 4
05/02/2011
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Term

International Logistics refers to _________________________.

 Definition
logistics activities associated with goods that are sold across national boundaries.
Term

According to the textbook, barriers to SCM implementation include

 Definition

regulatory and political considerations.

lack of top management commitment.

reluctance to share, or use, relevant information.

incompatible information systems.
Term

The acronym TPS stands for _______________________.

Definition
transaction processing system.
Term

The transportation mode that moves the most US freight when measured by carrier revenues (revenues of the transportation companies) is ______________.

 Definition
motor
Term

As discussed in class, give a quick upper bound for a process where the first step has a reliability of 0.95, the second: 0.94, the third: 0.90, the fourth: 0.88 and the fifth: 0.85.

 Definition
0.850
Term

The largest inventory carrying cost component is:

 Definition
capital costs
Term

Electronic procurement

 Definition
  • is also known as e-procurement.
  • uses the Internet to make it easier to purchase goods and services.
  • provides transactional benefits such as compliance benefits.
  • suffers from security concerns.
Term

SCOR ________________________.

Definition

is an acronym that stands for supply chain operations reference.

is a supply chain model that includes the following key processes: plan, source, make, deliver and return.

is a prominent SCM model along with the GSCF model.

is a prominent SCM model along with the APQC model.
Term

International Logistics refers to _________________________.

 Definition
logistics activities associated with goods that are sold across national boundaries.
Term

Pipelines commonly carry

 Definition
petroleum products.
Term

Within the US, global sourcing

 Definition
is increasing.
Term

Calculate the reliability of the process given in the preceding problem (the first step has a reliability of 0.95, the second: 0.94, the third: 0.90, the fourth: 0.88 and the fifth: 0.85.

 Definition
0.601
Term
reasons to carry inventory
 Definition

to maintain customers.

to invest in future income.

to maintain and service existing contractual obligations such as military spare parts contracts.

to support manufacturing efforts (e.g. stocking supplies, raw materials and WIP).
Term

Inventory that is maintained to combat the risk of stockouts is known as.....

 Definition
safety stock.
Term
The lowest economically justifiable price is
 Definition
variable costs.
Term
According to the textbook, barriers to SCM implementation include...
 Definition

 

  • regulatory and political considerations
  • lack of top management commitment
  • reluctance to share, or use, relevant information
  • incompatible information systems
Term
As discussed in class, common tradeoffs include....
 Definition
increasing the level of available information
Term
ways to increase the reliability of a process
 Definition
  • improve the reliability of individual steps in a process
  • reduce the number of steps in a process
  • increase redundancy in a process
Term
“Maintaining a customer” ______________ “purchasing a customer.”
 Definition
costs less than
Term
Consolidation of safety stock
 Definition
  • can be done geographically
  • can be done virtually
  • is independent of rotating stock levels
  • can lead to lower safety stock levels when measured across the entire supply chain
Term
The Wang Computer example discussed in class
 Definition
introduced the concept of a “death spiral.”
Term
International Logistics refers to _________________________.
 Definition
logistics activities associated with goods that are sold across national boundaries
Term
As discussed in class, logistics focuses on i)_____________ activities, whereas supply chain management focuses on ii)_______________ activities.
 Definition
i) intra-business units; ii) inter-business units
Term
Cycle or Rotating Stock
 Definition
  • is maintained to cover expected demand
  • can be reduced by increasing the number of shipments while reducing the size of each shipment
  • should be maintained with shipment sizes that balance transportation costs and inventory carrying costs
  • does not attempt to supply unexpected spikes in demand
Term
The effect of repositioning safety stock in the supply chain from the manufacturer to the supplier
 Definition
  • increases supplier safety stock levels
  • reduces manufacturer safety stock levels
  • is independent of rotating stock levels
  • can reduce overall supply chain safety stock levels
Term
The allocation of fixed costs
 Definition
  • should be harmonized with corporate objectives
  • can influence or even determine target markets
  • when done correctly can justify subsidies that improve corporate profitability
  • can harm companies if done incorrectly
Term
Correctly constructed subsidies
 Definition
  • can advantage all influenced parties
  • allocate more fixed costs to some parties and less fixed costs to others
  • require political decisions that should be made rationally
  • can occur in almost every business where fixed costs have to be allocated across more than one product or service
Term
The transportation mode that moves the most US freight when measured by carrier revenues (revenues of the transportation companies) is ______________.
 Definition
motor
Term
_________ is not a part of inventory carrying costs
 Definition
cycle stock
Term
The accuracy of Fixed Costs per Unit measurements
 Definition
is dependent on the accuracy of forecasts
Term
As discussed in class, common tradeoffs include
 Definition
  • inventory carrying costs versus transportation costs
  • inventory carrying costs versus ordering costs
  • safety stock levels versus number of stock keeping locations
  • length of supply chain versus reliability of supply chain
Term
Inventory levels can be reduced by......
 Definition
increasing the level of available information
Term
Calculate the reliability of the process given in the preceding problem (the first step has a reliability of 0.95, the second: 0.94, the third: 0.90, the fourth: 0.88 and the fifth: 0.85
 Definition
0.601
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