M02 Study Guide and ProblemSet Fall2010

M02 Study Guide and ProblemSet Fall2010 - SCM 300 Module 02...

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SCM 300 – Module 02 Module 02: Buy It Inventory is an expense, yet it is a required cost of doing business. In order to satisfy customer expectations inventory is a requirement. This module discussed the different types of inventory and the physical and mental processes that need to be considered in developing an inventory policy. How much inventory is too much? Too little? What types of costs need to be considered? What else needs to be considered? In order to develop an appropriate level of inventory supply it is required that you understand demand. What are some of the more basic demand forecasting models? Reading Assignments: Puzzle 36-47, 50-63 Concepts Terms and Lists Supply management (SM) 37-41 Procurement 38 Reasons for outsourcing 51-52 Financial impact of SM 40-41 Goals of purchasing 38 Reasons for making 52-53 -What is difference between: Supplier base 54-55 *Purchase order 41,4 4 Factors in choosing a supplier 55-56 *Material Requisition 41 Total cost of ownership 56-57 *RFQ or RFP 43 Single supplier vs Multiple Suppliers 58-59 Examples Advantages of e- Procurement system 46- 47 Centralization vs Decentralization 60 Harrah's example 36 Forward (vertical) integration 51 Reasons for global sourcing 62 Pet Food example 63 Backward (vertical) integration 51 Challenges of global sourcing 62-63 Upstream and Downstream 51 CASE: Building Deep Supplier Relationships Puzzle: 77-85 1. How do American suppliers feel about Japanese and American car manufacturers? 2. What is kieretsu? 3. What did American companies do to copy the Japanese partnering model? Despite the efforts of American car manufacturers, why did cost resurface as the key criterion? 4. How long does it take American and Japanese automakers to design a new car? Why are the Japanese faster? 5. Japanese cars are seen as durable, reliable and high in quality. Do they struggle in decreasing manufacturing costs? 6. What are the general steps outlined in the supplier-partnering hierarchy? How should companies go about fulfilling each step? 7. How did the relationship between Honda and Atlantic Tool and Die develop? 8. How has Johnson Controls benefited from its’ relationship with Toyota?
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SCM 300 – Module 02 9. How does Honda use report cards? 10. Despite the low cost wage opportunities presented by Chinese and Indian suppliers Toyota and Honda have not switched suppliers. Why? 11. Why does Toyota divide components into two categories? 12. Explain the benefits of Honda’s Best Practices program to both Honda Suppliers and Honda.
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SCM 300 – Module 02 PART 1: Introduction to Inventory – Slides 02-16, 53 Know all of the key terms on Slide 02. What is inventory?
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This note was uploaded on 03/06/2011 for the course SCM 300 taught by Professor D during the Spring '07 term at ASU.

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M02 Study Guide and ProblemSet Fall2010 - SCM 300 Module 02...

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