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Supply Chain Midterm
Midterm review
| Question | Answer |
|---|---|
| Five stage process of Supply Management. | Identification of item required, Identify best supplier, establish price, create agreement, manage relationship |
| Four Principles of Strategic Sourcing. | 1)Define value between purchaser and supplier 2)Develop solutions off of suppliers economics 3)Use differentiated tactics when purchasing to optimize relationship between purchaser and suppliers 4) Embed required changes into org 4 continuous improveme |
| Four Step Process of Implementation. | 1) Research industry economics 2)Evaluate sourcing strategies 3) Structure supply relationship w/ suppliers to build an infrastructure 4) Implement and organize for continuous improvement |
| What are the 5 M's of Business? | Machines, Manpower, Material, Money, Management |
| What is supply management's impact on net income and the bottom line? | Increased sales and lower total cost |
| What are the steps in the value chain? | Mother Earth, Miners, Suppliers, O.E.M, Distributors, End Customer ( Source of Funds) |
| Centralized Authority | Decision making is made by one person |
| Decentralization of Purchasing Authority | Decision making made by multiple people |
| Organizational structure of materials management | 1)Materials manager 2) Productions control 3) Inventory control 4) Purchasing 5) Transportation 6) Warehousing |
| Internal Supply Management Functions | Marketing,Engineering, Supply mgmt, Manufacturing, Marketing (Material control-quality) |
| Continuum of buyer-seller relationships | Activity_Transactional<->Collaborative<->Alianc compet.adv Low High focus Price Total cost # of sup. Many Few |
| Investigation Phase | Defines new product sustainability produce-ability customer acceptability |
| Development Phase | Prototypes qualification testing viability |
| Production Phase | Manufacturing Plans Process control adjust performance eliminate defects |
| Purpose of Specifications | Communicate requirements to suppliers Sets standards for inspections, tests and quality checks |
| Categories of Specifications | (Simple Specs) Performance, function, names, samples, grades,qp (Complex specs) design specs, drawings, commercial standards, method & material |
| Benefits of Standardization | Enables mass production, customization, and improves quality, reduces total cost |
| Demming | TQM (total quality management) |
| Taguchi | Six sigma |
| Imai | Continuous Improvement |
| Juran | Zero Defects |
| Crosby | Quality Mgt System |
| 3 Problems with Inspection | duplicate inspections, too many to inspect, bad items are found after they are finished |
| Phase I Build Foundation | Identify need, assign project mgr, form task team, build and train |
| Phase II Identity objectives and costs | Total cost of ownership |
| Phase III | Develop specifications and initiate sourcing, pricing and TCO |
| Phase IV Sourcing | Lease/buy analysis |
| 4 Formats for Statements of Work | Performance, Functional, Design, Level-of-Effort |
| Performance S.O.W | Detailed list made by the buyer |
| Functional S.O.W | Defines buyers (functions) intentions |
| Design S.O.W | Most detailed S.O.W |
| Level-Of-Effort S.O.W | Specialized version of the performance s.o.w |
Created by:
sdmilam12
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