MGT5063 Quiz 5 - Name MGT5063 Quiz 5 Due 20 Nov 2016 Total...

Info icon This preview shows pages 1–2. Sign up to view the full content.

Name MGT5063 Quiz 5 Due 20 Nov 2016 Total: 20 Pts 1. (7 Pts) You would like to analyze your inventory processes, identify the inventory replenishment processes to consider in order to develop a flow chart to support this analysis. (NOTE: In chapter 5 there are 21 questions listed providing a basic framework to leverage) The rise of supplier management applications has mirrored the increase emphasis on optimizing the performance of supplier networks. These tools assist internal decision making in areas such as: Who are our best or worst performing supplies? Are their prices and performance consistent? How Can I decrease risks associated with supplier failures? In Addition, these applications provide strategic tool to share select information with supplies and extend mutual business processes. The supply chain planning function is the recipient of information from the entire extended supply chain. Enterprise resources planning (ERP) systems have and will continue, to form the backbone of companies’ production planning efforts. However, the evolution of Web-based applications and the development of real-time inputs have improved the accuracy and timeliness of production decisions, particularly in the areas of supply chain design, production performance monitoring, and exception management. One by product of real time information is the gathering of voluminous amounts of data. Decision support software is playing and increasing role on both the buy and sell of companies be capitalizing on this data. Rules base of technologies assist companies in balancing factors such as price, quality, availability, and product characteristics when reaching pricing and sourcing decisions. On demand furcating tracks all current and future sales information and is the key driver in supply chain planning, production, and management tasks. The process in not, and never will be a perfect science due to the inherent uncertainty involved. However, the role of technology is to
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Winter '16
  • DR. PEROT
  • Supply Chain Management, Inventory Management Performance, Inventory Transportation trade-off

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern