What does the EOQ and the Naive EOQ model ignore?
Doing more with less is known as _________ ?
leanness (or lean)
Effectiveness is also known as __________.
What is the most extreme example of Quick Response?
Are Agile Management and Functional products a Match or a Mismatch?
Most manufacturing compaines use which fulfillment strategy?
Einstein's Bagel's uses a/an ______ fulfillment strategy.
There is LESS time available for companies to develop new products, to launch them and to meet marketplace demand.
Remember, time = money.
True or False: Value Added Time can be as little as 25% of the total time.
Value Added Time can be as little as 5% of the total time!
length , speed
What is the best way to a shortened pipeline?
Supply chain lead time minus customer's required order cycle time is known as the ________ ________ ________.
1. shorten the end-to-end pipeline
2. improve visibility of demand
What are two things companies use to obtain visibility of demand (and to quickly respond to consumer wants)?
1. Information Systems
2. Relationships between supply chain partners
Throughput Efficiency (Calculation)
[VAT/TEPT] x 100 = TPE
The time it would take for the system to respond to an increase in demand is known as what?
The time it takes to convert cash paid for raw materials to cash from customer order/sales is known as what?
The ___________ ___________ _________ is the need to develop responsive and fast systems in order to take advantage of time-based competition.
1. it assumes lead time is constant
2. it assumes manufacturing time is constant
3. it figures all of the processes seperately
What are the three components of the supply chain IT infrastructure?
1. Enterprise Resource Planning (ERP)
2. Advanced Planning and Scheduling (APS)
3. Supply Chain Execution Software (SCE)
1. Coordination Flows
2. Operating Flows
1. information systems
1. Channel Structures
3. Enterprise Extension
exclusive partner base, mutual dependency, shared goals/objectives, close interaction over long-term
"The semester I found StudyBlue, I went from a 2.8 to a 3.8, and graduated with honors!"Jennifer Colorado School of Mines