Exam_pages_142_(Autosaved) - Exam pages 142-171 248-264...

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Exam pages 142-171, 248-264, 265-277, 288-317, 288-317, 328-359 Chapter 8 (Class) SCM Importance- 50% of all senior executives having specific supply chain improvement projects among their top 10 corporate initiatives. This resounding affirmation at management’s highest levels of the supply-chain’s competitive potential. Stocking your warehouse in an inefficient manner could lead to 20% loss. Just improving the supply chain management by five percent could improve the profit margin significantly. When talking about Supply Chain Management we are talking about merging how two parties are exchanging the products. Management of all these activities is really about moving all the goods. Sharing of data is what makes SCM work well. The goal of SCM is to get the product to customer . You must have a balance between excess inventory and a shortage of inventory. From the retailers perspective the demand is not very different from week to week. Often time the retailer becomes scared of a shortage and over orders and the demand curve goes out of proportion. (Bullwhip effect: the little change in demand creates a dramatic change in demand.) Better communication helps firms focus on end user demand. Supply chain management has to consider facilities, inventory, transportation, and Information. A firm needs a way to check and update inventory. Benefits of SCM: Faster replenishment Reduced Cost More accurate order processing Strategic relationships with suppliers Greater agility and responsiveness Chapter 9 (Class) Intelligent systems: Software that searches vast amounts of data to derive information. Reporting Data mining Knowledge Management Reporting Tools is the low end of business intelligence system. We process data by filtering, sorting, grouping, simple calculation. On-Line analytical Processing (OLAP) online is the most important fact here. The user should be able to say how he would like to see his data. The out put is flexible and this should be completed by any employee and not a company technician. You should be able to ask the
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system for sales, whether those sales are detailed or just general. Consolidation is more detail to less detail. Slice and Dice is a third category of OLAP. Slice and Dice says that rather than looking at these categories in more detail I am going to replace the information in general. (OLAP example is an example of Slice and dice). Data warehouses are big such as a Terabyte. The data warehouse is primarily involved in the storage of data. Different types of data include: Large Database, Subject-oriented, integrated, time- variant, Nonvolatile, and line-Friendly interface. A time variant gives a record of when the data was recorded. You add to a data warehouse and you never delete from a warehouse. A data mining tool has more complex processing than other data processing tools. Data mining
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This note was uploaded on 08/15/2011 for the course ACIS 1504 at Virginia Tech.

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Exam_pages_142_(Autosaved) - Exam pages 142-171 248-264...

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