Goods and Services Test 1 Review

Goods and Services - Goods and Services Test 1 Review Supply Chain Management Means o Synchronizing activities o Rapid Information Exchange o

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Goods and Services Test 1 Review Supply Chain Management Means o Synchronizing activities o Rapid Information Exchange o Increased coordination and cooperation Effectively managing point-of-sale data is critical to Wal-Mart’s success. Wal-Mart is the leader in RFID technology. Demand Forecasting forms the basis of most business decisions. It’s a FedEx goal to answer 90% of calls in 20 seconds or less. FedEx demand forecast for 6 months out and tries to be within 4% of actual. Typical box of cereal spends 104 days from factory to sale, car 15 days from factory to dealership. Information systems are used to monitor and control, they essential for decision making. Organizational Levels o Senior/Executive= What to do? o Tactical/Middle= How to do it? o Operational= Day to Day functions IT flattens the organization may force downsizing organizational staffing. Planning o Mission Statement= Direction o Strategic Goals= Introduce new product o Tactical Decisions= Negotiations by date o Most Important Goals are
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Budgeting( the most important) Scheduling Resource allocation Tactical Decisions - tend to focus on department or tasks, that have short term consequences and that tend to be routine, repetitive and more structured. Strategic Decisions- tend to focus on the entire organizations, that have long term consequences and that tend to be less structured. Systems theory- input( data) to a process (calculation) and get output (basic reports)
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This note was uploaded on 08/08/2011 for the course WCOB 2023 taught by Professor Billthompson during the Spring '07 term at Arkansas.

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Goods and Services - Goods and Services Test 1 Review Supply Chain Management Means o Synchronizing activities o Rapid Information Exchange o

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