Consider the cycle related to sourcing decisions. What is step 1.

Consider the cycle related to sourcing decisions. What is step 2.

Consider the cycle related to sourcing decisions. What is step 3.

Consider the cycle related to sourcing decisions. What is step 4.

What is a plan-o-gram?

Let's say you were going to create a boxed dinner plan-o-gram, what would be the variables?

(T/F) Technology is about what we can do with it, not building technology just to have it.

(T/F) Technology enables "always virtual" connections

A continuous stream of feedback guides a system through an ever changing environment towards its goal

The self adjusting feedback loop has 3 interrelated goals. Goal 1 is:

The self adjusting feedback loop has 3 interrelated goals. Goal 2 is:

The self adjusting feedback loop has 3 interrelated goals. Goal 3 is:

Another way to think about the 3 goals in a self adjusting feedback loop is:

In a self-adjusting feedback loop. Real time visibility is related to:

In a self-adjusting feedback loop, Authority to act is related to:

In a self-adjusting feedback loop, Stake in the Outcome is related to:

Coordination of activities to direct and control an enterprise’s end to end supply chain to prevent or limit the negative impacts supply chain have on your customers

Risk related to potential uncertainties, vulnerabilities, or challenges associated with the planning phase of a product or a process

Risk related to the potential for substandard products or services due to inconsistencies, defects, or failures in meeting specified standards, leading to customer dissatisfaction and potential financial losses.

The possibility of unforeseen or uncontrollable factors impacting the expenses associated with the sourcing, production, transportation, or storage of goods or services, potentially leading to budget overruns, reduced profitability, or financial strain.

Risk associated with the accessibility or presence of required resources, products, or components within the supply chain.

Any risk that affects the entire supply chain's ability to deliver products or services to customers, including risks related to suppliers, logistics, demand fluctuations, geopolitical events, natural disasters, regulatory changes, or economic uncertainties. Considers a wider range of potential disruptions beyond just the availability of specific components or resources.

Risk that relates to the potential for negative consequences or liabilities arising from non-compliance with laws, regulations, or contractual obligations.

Risk that relates to the potential challenges or difficulties that may arise during the process of producing a product.

Risk that relates to the potential adverse impacts that can arise from various operational activities or decisions. These can be related to pollution, sustainability, resource depletion, EPA regulatory compliance.

Risk that relates to potential threats to workers' well-being, product safety, and public health.

Risk that relates to potential threats to workers' well-being, product safety, and public health.

Taking proactive measures to stop potential risks from occurring or minimizing their likelihood

Identifying, assessing, and mitigating risks that have already emerged or are unavoidable

In a risk matrix, the intersection of likelihood and consequence helps determine:

Which of the following describes the typical layout of a risk matrix?

What is the primary purpose of using a risk matrix?

(T/F) The pandemic revealed that supplier diversification increased risks and added complexity.

(T/F) Natural disasters are the number one cause of potential disruptions.

Decisions about strategic business unit’s long term goals for sustained competitive advantage

Implementation of the strategic plan. It is the tactics, policies, processes, timelines, and budgets, to achieve the plan.

Day to day work to meet the tactical goals

Which of these is long term? (beyond two years)

Which of these is medium term? (1-2 years)

Which of these is short term? (day to day, less than a year)

Which of these roles would be considered a strategic role?

Which of these roles would be considered to be a tactical role?

What is the most common degree for a tactical level manager

Which of these is an operations role?

Which SCM Job type is typically in an office environment?

Which SCM Job type is typically in DC facilities?

Which SCM job category is responsible for inventory control and demand forecasting?

Which SCM job category is involved in the day to day management of people and flow of products

What is the ratio of supply chain jobs to available professionals?

How many manufacturing jobs will be unfulfilled by 2030 in the U.S.?

Which of the following is a contributing factor to the SC Talent Gap?

A set of three or more organizations directly linked by one or more of the upstream and downstream flows of products, services, finances, and information from a source to a customer

The art and science of integrating the flows or products, information, and financials through the entire supply pipeline from the suppliers supplier to the customer’s customer

Getting the right product to the right customer

A global association dedicated to advancing the supply chain management profession. It serves as a platform for professionals involved in various aspects of supply chain management to connect, collaborate, and learn from each other.

That part of the supply chain that process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumptions in order to meet customer requirements

Which is more strategic, logistics or SCM?

Which is broader, logistics or SCM?

Which is more tactical, logistics or SCM?

All the money in SCM goes to: