Essentials of Supply and value chain: Q & A:

Essentials of Supply and value chain

Definitions and benefits Q & A

1. (Q) What is supply Chain Management?

(A) Supply Chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies.

   It is said In today's economic environment, doing what you've always done—even if you do it very well—is no longer acceptable. Under pressure to contain costs and produce results despite challenging circumstances, you (and many other supply chain managers) must transform rather than simply improve your operation. That means adopting the philosophies, methods, and processes that will make your organization.“Best in Class”

2. (Q) Name the two main types of SCM software

           (A) Planning applications and execution applications

3. (Q) Describe what an execution application does?

(A) Execution application track the physical status of goods, the management of     materials and financial information involving all parties.

4. (Q) Give three examples of the benefits of SCM

(A)  

• With the increased visibility into the supply chain in adaptive supply chain Network, you can be more responsive. You can sense and respond quickly and changes and quickly capitalize on new opportunities.
• By offering a common information framework that supports communication and collaboration, SCM enables you to better adapt to and meet customer demands.
• You can track a monitor compliance in areas as environment, health and safety.

5. (Q) Name the five components of SCM

           (A)

• Tiers of suppliers
• OEM
• Tier One
• TierTwo
• Other Tiers

6. (Q) What is an OEM?

(A) An original equipment manufacturer or OEM refers to a company that makes a final product or the consumer Marketplace. for example Ford and General Motors are OEM companies that manufacture cars in apple is a computer OEM

7. (Q) Give an example of a build to order SCM and what they do

(A) Build to order (BTO) and sometimes referred to as make to order or made to order (MTO), is a production approach where products are not built until a confirmed order for products is received. BTO is the oldest style of order fulfillment and is the most appropriate approach used for highly customized or low volume products.
"Made to order" products are also common in the food service industry, such as at restaurants.

8. (Q) Other than build-to-order name two types of  supply chains

(A)

• Continuous replenishment
• Channel  assembly

9. (Q) What does MRP stand for?

           (A) Material requirements planning

10. (Q) What does ERP stand for?

           (A) Enterprise resource planning

11. (Q) True or false ERP software  modules can help monitor procurement, Inventory,                              Finance, product life cycle and other components of the business.

           (A) Tru

12. (Q) What system was used to monitor SCM in the 1920s?

           (A) Inventory management

13. 
    (Q) Name four issues in Supply Chain management

           (A)

• Configuration of distribution Network
• Inventory control
• Supply chain integration in strategic partnering
• Customer value

14. (Q)What is the difference between a tier 1 and tier 2 supplier?

(A) Tier 1 Is a direct supplier to OEM and Tier 2 suppliers Are the key suppliers to Tier 1  suppliers without supplying a product directly to OEM companies.  However, a single company may be a tier 1 supplier to 1 company and a tier 2 supplier to another company, or may be a tier one supplier for one product and a Tier 2 supplier  for a different product line.

15. (Q) Dell Computer company are an example of what type of  supply chain?

           (A) Build to order

16. (Q) Supply Chain management can be divided into which three main flows?

           (A)

• Bill to order
• Continuous replenishment
• Channel assembly      .