SCM 371 Notes
Chapter 2 continued from notebook
Demand Management and Specs/SOW
Establish fixed set of standards to limit options
Restrict supply base to include only preferred suppliers that meet risk and
Challenge product and
Jurisdiction: authority, the power of the courts to hear a case and render a decision
that is binding on the parties. Original jurisdiction has the power to initially hear
and decide a case, appellate jurisdiction has th
Exam 3 review
1. In negotiation, a/an fact is a reality or truth that the parties can state and
2. According to Ohno and Toyota, waiting time is a category of waste that occurs
when employees are standing about and inventory is a
SCM 371 Exam Review
50 MC Questions
Quiz Chapters 1-5
3. If purchasing authority for the majority of purchase expenditures is at the
divisional, business unit, or on site level, then a firm has a more _ structure.
There is nothing so useless as doing efficiently
that which should not be done at all.
Who are you?
Who Im I?
What is a Supply Chain?
W. Edwards Deming 14 Points for Quality/Management
1. Create constancy of purpose for improvement of product and service, with the aim
to become competitive and to stay in business, and to provide jobs.
2. Improve constantly and forever, the system of pro
SCM303 Final Exam formula sheet (Preliminary)
Cycle Time =
Labor Utilization =
Forecast using Simple Average:
where Ai is the actual demand during period i and n is the total number of periods
Forecast using Moving Average:
SCM303 Final Exam study guide for conceptual questions 4. Procurement
Lecture 18: The Procurement Function
Supply Management continues to gain popularity as an alternative label/name for Procurement.
Maverick buying is when an unauthorized employee uses c
As a normal people like me, or people who don't work at supply chain field, may never
think about how the product get into the super-market store-shelf. For customer, we already
used to the simple grab and pay lifestyle, but for retailer, they have more t
Nordstrom is one of my favorite online shopping websites and is recently on their anniversary
sales. Nordstrom is an American chain of luxury department stores including clothing,
accessories, handbags, jewelry, cosmetics, and fragrances. Now they also se
I have a set of G-2 Pilot pens in various colors that are integral to the completion of
my schoolwork. Their quality is important to me because they are used in the vast
majority of the work that I do, since I color code my notes and study materials for e
In August I ordered a copy of my Economics 330 textbook from Amazon. As a Student Prime
member, I get free two-day shipping. Having placed my order on a Friday night, I was led to
believe that I would be receiving my package on the next Tuesday at the lat
A bank quotes you an interest rate of 14% per annum with quarterly compounding. What is
the equivalent rate with (a) continuous compounding and (b) annual compounding?
(a) The rate with continuous c
1.What is supply chain management?
- Efficient integration of suppliers, manufacturers, transporters, warehouses, retailers and all other parties associated
with delivery of the final product
2. What are the key steps in supply chain?
1) Purchasing (suppl
November 10, 2016
Formulas on slides
Learning approach when you dont have much history
When you have some history
Weighted moving average
Weights must sum to 1
Final Exam Study Guide
NOTE: This is meant as a guide, and there is no implied guarantee of completeness (meaning
that trying to convince me that a question departed from the guide will not be a reason for
adding points back to a grade). However, I will p
Current average level of inventory
Diagrams and reorder points
Analysis of 99.5% service level
Analysis of 98% service level
Two tiered approach
Correlation of demand compared to two tier approach
: Calculate the days of payables, days of inventory, days of receivables, and cash-to-cash cycle times for Central, Alku, and Maz.
: Determine the one-time balance sheet adjustment that would occur for Central if it coul
Competitive Priorities and Competencies
Weighted Factor Analysis
Movement to Saltillo, Mexico
Simultaneous Change in Logistics Provider
Multi-Country Manufacturing Strategy
Kiwis Competitive Priorities and
Value of Reliability
Gamma distribution and its benefits over normal distribution
Value reliability analysis in terms of cost per backorder and explanation of savings
Value reliability analysis in terms of contribution margin a
FarmCo Case Study
List of most important suppliers by purchase volume
List of most important suppliers - Ingrids approach
Comparing and contrasting purchase volume and Ingrids approach
Ratio measures and alternative methods
Go to www.milliken.com (the Website for Milliken and Company). Click on Company and
then Life at Milliken, then Learning and Development. Answer the following questions:
1. What is the mission of Milliken University?
2. What learning resources are used?
Notes 1. Intro & History
Supply chain- the global network of organizations and activities involved in designing,
creating, delivering, consuming, and disposing of goods and services.
Buy it - Make it - Move it
Supply Chain management: is
Quality: basically how fit is your product according to your
Price & Quality
High price = High quality ?
Given its many dimensions, Quality can be consider as U
What is a process?
A system of structural activities that use resources to transform inputs into outputs
Inputs vs. Resources
Basic Process Types
Process-Focus - Operations required for the product or service arent
repeatable enough to justify a sequence.
- organized by similar skills, machines, technologies.
- no single path
Pros- flexibility and each operation can specialize
USE YOUR BRAIN Multiple Intelligences
Sternbergs Theory of Intelligence
Robert Sternberg defines intelligence as :
the cognitive ability to learn from
experience, to reason well, to remember
important information, and to cope with the
demands of daily liv
Syllabus Signature Page
Instructor: Dr. Gilbert Harrell
Course: Managerial Marketing MKT 300
Semester: Fall 2017
I _Jmahl Young _, do agree that I received a copy of the course syllabus for the class mentioned above. I
understand the course requirements a
Culligan, Inc has current assets of $5,300, net fixed assets of $24,900, current
liabilities of $4,600, and long-term debt of $10,300. What is the value of the
shareholder' equity account for this firm? How much is net working capital?