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Supply Chain
Business
| Question | Answer |
|---|---|
| started as a quality process, switched to a cost reduction | LEAN |
| DMC | Direct Manufacture Cost |
| TLLC | Total Lease Landing Cost |
| TLLC made up of | DMC + Transportation +Warehouse labor |
| Damaged goods go from store TO | Reclamation center |
| Process where store makes money selling damaged goods and gets reduction on price from manufacture | Reversed Logistic |
| a pencil being switched from wood to plastic is an example of | LEAN |
| Church & Dwight took detergent and seen the value was the fragrance so they | Reduced inventory which lead to eliminating waste |
| focus on balancing cost and quality | Operations |
| Down time is an example OF | Waste |
| DMAIC | Define,Measure,Analyze,Improve,Control |
| a database driven quality strategy for improving products and processes | DMAIC |
| Compute percentage of improvement | New / current base - new operation / old operation |
| COGS also equals | TLLC |
| we do not want lowest price, we want lowest cost | |
| Focuses on eliminating defects | Six Sigma |
| Request forms as in Purchase orders equals | Money |
| used to develop the details of a root solution to a problem | 5 how’s |
| used getting to the root cause of a problem | 5 why's |
| a manufacturing strategy where products ordered by customers are produced quickly and are customizable to a certain extent. Ex. caterpillar, electronics | Assemble-to-Order (ATO) |
| items critical to firm's success, we are nice to them | Strategic |
| TLLC is part of | Logistic Department |
| arrangement where a specific quantity of an item is stored at the buyer’s location,item is replaced by the supplier, with the full knowledge and approval of the buyer. | Co-Managed Inventory |
| Co-Managed Inventory can get messy when who gets involved | Marketing |
| practice of business ethics | Corporate Social Responsibility program |
| conflict free minerals | Intel's strategy |
| C&D was the corporate sponsor of the First Earth Day in | 1970 |
| we buy at | TLLC |
| sourcing is done by | procurement |
| procurement has 3 parts | Purchasing, strategic sourcing, supply relations |
| get cost reductions, support new products and hold supplier accountable | Purchasing |
| RFI | request for info |
| RFP | proposal |
| RFQ | Quote |
| Bid | competitive bidding and looking at prices |
| Contract | specification and price |
| automobile manufactures use this system because of limited storage | JIT |
| Walmarts Sam Walton famous for ending this system because of poor quality control of inventory | VMI |
| responsible for production and quality | Plants |
| manage inventory while balancing cost and service | Log Def |
| manage production while balancing cost and quality | Ops Def |
| Quality is sometimes sent to | VP of Quality |
| what a customer or consumer is willing to pay | value |
| example of value is | glass jar vs. plastic |
| southwest way of boarding a plane is an example of | eliminating downtime |
Created by:
normh80
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