SUPPLY CHAIN MANAGEMENT (FINAL QUIZ)

It is the transaction between supplier and customer and include quotation, PO, delivery status, invoices, and customer complaints and so on.

• Reverse product flow

• Information Flow

• Return

• Primary Product flow

Tags

CCSS.SL.1.3

It is a potential occurrence of an incident or failure to seize opportunities of supplying the customer in which its outcomes result in financial loss for the whole supply chain.

• Supply Chain Risk

• Business risks

• Supply risks

• Planning and control risks

It is ensuring the availability of goods in right quantity at right price with right quality at the right time.

• Effective use of supply and logistic resources

• Better Inventory Management

• Achieve on time delivery

• Reduced lead time by design collaboration

It is the supplier’s ability to supply the right goods at the right time with correct specifications has to be reviewed.

• Supplier management

• Supplier Identification

• Supplier Evaluation and Selection

• Supplier development and improvement

This organization ensure all of the goods, supplies and inventory needed to operate the business are ordered and kept in stock.

• Stock Management

• Procurement Team

• Purchasing Management

• Finance Team

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.SL.1.2

It is the cycles of processes that are essential to get products or services from requisition to purchase order and invoice approval.

• Solicitation Process

• Purchasing Management

• Procurement Process

• Process

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.RI.1.7

CCSS.SL.1.2

It is the time taken from placing an order to fulfilling the order.

• Annual demand

• Lead time

• Forecast annual demand

• Stockout

It is a stock or store of goods or services, kept for use or sale in the future.

• Stockout

• Inventory

• Average inventory value

• Inventory carrying cost

Tags

CCSS.L.1.4A

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.RI.1.4

It is the agreement or call-off order which a customer places with its supplier to allow multiple delivery dates over a period of time.

• Blanket Purchase Order

• Transaction Activities

• Purchase Order

• Purchase Requisition

Tags

CCSS.RI.1.4

It is used in slow seasons to boost occupancy by dropping base rates.

• Market demographics

• Using Local Rate

• Discount pricing

• Service pricing 

Tags

CCSS.RI.1.4

CCSS.RI.1.8