Exam3 - FC_Txt - The flashcards are formatted for printing....

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Reasons for SCM Cost Control and Savings
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Top reason SCM is being used. i.e. productivity improvements, inventory reductions and improvements, and improved visibility into supply and demand
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Customize Segment
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Divide customers by service needs, regardless of industry, and then tailor services to those particular segments (SCM). Adapt the logistics network and focus on the service requirements and on the profitability of the pre-identified customer segments (SCM).
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Differentiate Listen
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Watch signals of market demand and plan accordingly; planning must span the entire chain to detect signals of changing demand (SCM). Sort products closer to the customers since companies can no longer afford to hold inventory to compensate for poor demand forecasting (SCM).
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Develop Manage
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Strategically control sources of supply by working with key suppliers to reduce overall costs of owning materials and services (SCM). Create a supply chain information technology strategy that supports different levels of decision making and provides a clear view (visibility) of the flow of products, services, and information (SCM).
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1. Customize 2. Adopt 3. Listen 4. Manage 5. Differentiate 6. Develop Adopt
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7. Segment
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Make performance evaluation measures that apply to every link in the supply chain and measure true profitability at every stage (SCM). Principles of SCM:
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Sell to Suppliers 1. Sell to suppliers 2. Support organizational goals 3. Wean employees off
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traditional system 4. Incremental phases and measure success 5. Future oriented
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Keys to SCM success: Be sure suppliers are on board with the benefits that the SCM system will provide, because people from each supplier that is added to the network must change.
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Supports Organizational Goals Wean Employees off Traditional System
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If the organization cannot convince people that using the software will be worth their time, they will easily find ways to work around it, which will quickly decrease the chances of success for the SCM Select SCM software that gives organizations an advantage in the areas most crucial to their business success.
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system.
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Future Oriented Incremental Phases and Measure Success
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Instead of installing a complete supply chain management system across the company and all suppliers at once, start by getting it working with a few key
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Exam3 - FC_Txt - The flashcards are formatted for printing....

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