Data Set 1
Using data set 1, next sheet titled HW1, calculate the following forecasts thru period 13.
A Nave forecast
B 3 period simple moving average forecast
C 4 pe
Chapter 1 - Introduction to Supply Chain Management
How does the concept of a vertically integrated firm relate to the concept of supply chain?
o Vertically Integrated Firm a firm whose business boundaries include one-time suppliers and/or customers
Procurement is the act of obtaining or buying goods or services. Includes
preparation and processing of a demand as well as the receipt and approval
Responsibility of purchasing departments
o Constant assurance of supply ON THE TEST
What is E-commerce?
Buying and selling goods and services online. Business to consumer,
business-to-business, consumer to consumer.
What is E-business?
Administration of the conducting business online. Electronic
communication with busi
Manufacturing & Service Process Structure
What is process?
o Any activity or group of activities that takes one or more inputs,
transforms them, and provides one or more outputs for its customers
Product/process innovation invisalign
o Improves over tradi
MGT301, Spring 2017
Assignment 3 40 Points (4 questions)
Question #1 (Show your work)
Your company makes snow blowers and this winter they have been selling very well. You are
evaluating a quote from a supplier for engines that power your snow blowe
Long range- Resource Requirements Planning (RRP),Aggregate Production Planning(APP
Medium range- Rough-cut Capacity Planning(RCCP), Master Production Scheduling(MPS)
Short range- Capacity Requirements Planning (CRP), Material resource planning (MRP)
Chapter 24: Sourcing
Chapter - Purchasing Management
A.Ethical sourcing (pgs. 102-105) MOST important function within an organization?
Why is Purchasing the
That which attempts to take into account the public consequences of organizational buying or bring
What is a card not present transaction? CNP results in major credit card fraud, Payment with a card without physical examination of the card usually over the Internet
Who do the PCI Data Standards apply to? The Payment Card Industry Data Security
Exam 4 Recitation Notes
o Externalities costs or benefits imposed by an economic agent on
another agent without any type of compensation (paid or received)
These costs are ignored by the imposing agent, which leads to
over production of th
Econ is all about the stuff: materialistic and services
Scope: different perspectives as an planet, nation, state, individual
Microeconomics is based on individual
What are we going to produce? How are we going to produce it? Who and h
Korey McMahon March 27th 2008 Macroeconomic Analysis Report
After researching and gathering data about recent U.S. economy, I have analyzed that the current U.S. economy is stagnant and Likely in a small recession. This analysis came from all sorts
Bill Shepard. Executive/consultant Making money; The central role of the supply chain. Main points for fact-based decisions = fast, accurate, high value, continuous improvement, crossfunctional consensus. Supply chain management = Integrate supply an
Exam 3 Notes
The production function
o Production is the process from turning inputs into outputs
o A production function is the relationship between the quantities of
inputs a firm uses and the quantity of outputs it produces.
o A fixed input is an i
o a firm whose actions have no effect on the market price of the good or service
o a consumer whose actions have no effect on the market price of the good or
service he or she buys.
Exam 2 Notes
o Efficiency = Maximize net ben = total benefits total cost
Benefit-under the demand curve
Supply-under the supply curve
o Efficiency isnt fair
o WTP: willingness to pay
o Consumer surplus: the difference between mark
Exam 1 Notes
IS networks of hardware and software used to collect, filter, process, create,
and distribute data
Data Distinct pieces of info (numbers, text, pictures), structured and
unstructured, binary data (zeros and ones) ex: emails, video