WorksheetsSUPPLY CHAIN MGMT - PRE FINAL EXAM
Total questions: 20
Worksheet time: 10mins
refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. It is a discipline primarily about specifying the shape and placement of stocked goods
(a)
The materials a company uses to create and finish products. When the product is completed, the raw materials are typically unrecognizable from their original form, such as oil used to create shampoo.
(a)
Inventory refers to items in production and includes raw materials or components, labor, overhead and even packing materials.
(a)
goods are items that are ready to sell.
(a)
The Primary mode of shipping goods domestically. The advantages include door to door convenience, fast mode and good geographic
(a)
Using rail transport is a medium- cost medium speed option with limited geographic coverage
(a)
Shipment by barge on inland waterways and cargo ships on the oceans play an important role in the transportaion of goods
(a)
Airfreight for small and expensive goods is becoming more popular. High cost , High speed transportation mode and is off set with limited geographic coverage
(a)
Oil is the principal commodity shipped by pipeline. Wher appropriate, pipelines are an economical, fast and safe way to ship goods
(a)
Private carriers like UPS and FDX have grown as carriers of lightweight parcels
(a)
Electricity is an essential part of the supply chain because it is required to drive equipment for service operations and move data around the world
(a)
The world depends on the flow of information
(a)
Relates to targeted customer service levels
Developing Inventory Policy
Planning Inventory
Controlling Inventory
Based on the demand patterns and productions schedules
Developing Inventory Policy
Planning Inventory
Controlling Inventory
Systematic reviews, adjustments, transfer and cycle counting
Developing Inventory Policy
Planning Inventory
Controlling Inventory
a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made as seen fit. In a periodic inventory system no effort is made to keep up-to-date records of either the inventory or the cost of goods sold
Periodic Inventory
Perpetual Inventory
In business and accounting/accountancy, perpetual inventory or continuous inventory describes systems of inventory where information on inventory quantity and availability is updated on a continuous basis as a function of doing business
Periodic Inventory
Perpetual Inventory
a stock of a resource from which a person or place can be provided with the necessary amount of that resource.
(a)
a business management model that is increasingly used to accelerate product delivery and improve customer service. In this model, all departments, processes and resources are aligned to work in perfect sync and operate as one cohesive unit. This results in seamless operations and ensures that customer orders are dispatched quickly.
(a)
Flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations
(a)
