IS CH 9 Flashcards | Quizlet ~ Lifestyle News

A supply chain driven by actual customers orders or purchases follows a _____ model. To model its existing supply chain and make better decisions about managing inventory, a firm would implement the type of SCM called supply chain execution systems.A supply chain driven by actual customer orders or purchases follows a _ model. The measurement of the number of customers who stop using or purchasing products or services from a company is calledPDF | Background: Supply chain strategies play a vital role towards achieving the goals of most likely to occur in the following areas of the. supply chain. Quality of products- That is so poor. supply chains thus use a combination of lean and. agile approaches within a supply chain strategy.Supply Chain Planning - Modern SCM requires a profound, technology-driven approach for performing accurate supply chain planning. With the help of the latest ISC solution, supply chain managers can consolidate engineering and logistic processes to eliminate complexity and reduce costs.A supply chain consists of all parties involved, directly or indirectly in fulfilling a customer request. The processes in a supply chain are dividing into two categories depending on whether they are executed in response to a customer order or in anticipation of customer orders.

Flashcards - IS Mgmt Chapter 9

1. Supply Chain Management:Coordination in a Supply Chain Rajendran Ananda Krishnan https demand arises, variability of orders is magnified up in the supply chain. Firms may order in large 21. Coordination and trust within the supply chain help improve performance for the following CRP may be supplier, distributor or third party managed.  Driven by Actual withdrawals of inventory from...A supply chain driven by actual customer orders or purchases follows a _ model. The measurement of the number of customers who stop using or purchasing products or services from a company is calledLogistics is a channel of the supply chain which adds the value of time and place utility. Supply chain management in military logistics often deals with a number of variables1 in predicting cost, deterioration, consumption, and future demand.Supply Chain Management (SCM) refers to the wide range of activities that are required to control, plan and execute the flow of the product, starting from obtaining the raw materials and then producing it through distribution to the final customer which is performed in an efficient and cost-effective way.

(PDF) Supply Chain Strategies and Retail Supply Chain Efficiency

A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.Mainly responsible for distributing products to different parties or entities, distributors act as a major link in the supply chain. Wholesalers, on the other hand, purchase a huge quantity of products directly from the distributor.In commerce, a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer. Supply chain activities involve the transformation of natural resources, raw materials...Supply Chain is essentially a Chain of Supply against a Demand. This demand is generated from Customer Purchasing, logistics, forecasting, and warehousing are the most common positions. A supply chain includes receiving the order which matches the customer need, product planning...Balances customer requirements with supply chain capabilities. Order Fulfillment. Supply chain Collaboration - "cooperative, supply chain relationships - formal or informal - between manufacturing companies and their suppliers, business partners or customers, developed to enhance the overall...

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Enterprise techniques come with analytical tools.

Supply chain control techniques are a form of endeavor system.

An undertaking system is helping cut back redundant business processes.

The upstream portion of the supply chain consists of the organizations and processes for distributing and turning in merchandise to the final customers.

Supply chain inefficiencies can waste as much as 25 percent of a corporate's running costs.

Safety inventory acts as an reasonably priced buffer for the loss of flexibility within the supply chain.

The bullwhip effect is the distortion of details about the demand for a product as it passes from one entity to the next around the supply chain.

Supply chain execution techniques permit the company to generate call for forecasts for a product and to expand sourcing and manufacturing plans for that product.

In the pre-Internet setting, supply chain coordination used to be hampered by the difficulties of creating knowledge go with the flow smoothly among other inner supply chain processes.

Inefficiencies in a supply chain are basically caused by inaccurate information.

It can price six instances more to promote a product to a new customer than to an existing customer.

In a pull-based type of SCM techniques, manufacturing grasp schedules are according to forecasts of call for for products.

Dell Inc., which produces many personalized computers as they are ordered, is an instance of a pull-based supply-chain fashion.

Total supply chain costs in some industries approach 75 percent of the overall operating finances.

All CRM applications include modules for PRM and ERM.

Major CRM utility tool distributors come with Oracle and SAP.

Cross-selling markets complementary merchandise to consumers.

CRM device can assist organizations establish high-value consumers for preferential remedies.

Analytical CRM makes use of a customer knowledge warehouse and gear to analyze customer knowledge accumulated from the company's customer touch points and from different assets.

Enterprise systems require basic adjustments in the way in which the enterprise operates.

From your studying of the bankruptcy's opening case, Nvidia implemented new information techniques so as to reach which of the primary six business objectives?

Improved resolution making

A collection of built-in tool modules for finance and accounting, human sources, production and manufacturing, and gross sales and marketing that allows information for use by a couple of purposes and enterprise processes absolute best describes:

ERP systems.

Enterprise tool is built round hundreds of predefined enterprise processes that reflect:

best practices.

Which of the following is not true about endeavor methods?

Enterprise software is expressly built to permit corporations to mimic their distinctive enterprise practices.

You have been asked to put in force endeavor device for a manufacturer of kitchen appliances. What is the first step you should take?

Select the purposes of the system you want to use.

When tailoring a explicit aspect of a machine to the way a company does business, enterprise instrument can provide the corporate with:

configuration tables.

In order to reach maximum take pleasure in an enterprise software package deal, a enterprise:

changes the way it works to compare the instrument's business processes.

Supply chain complexity and scale will increase when companies:

produce services and products that coordinate with masses or more companies and providers.

A community of organizations and enterprise processes for buying raw fabrics, reworking these materials into intermediate and finished products, and distributing the completed products to shoppers is known as a:

supply chain.

Components or portions of completed merchandise are known as:

intermediate merchandise.

An organization's suppliers, provider's suppliers, and the processes for managing relationships with them is the:

upstream portion of the supply chain.

A company's organizations and processes for distributing and delivering products to the final shoppers is the:

downstream portion of the supply chain.

Uncertainties get up in any supply chain as a result of:

unforeseeable occasions.

Why is overstocking warehouses no longer an effective resolution for a downside of low availability?

It will increase stock prices.

Which of the following conventional answers permits manufacturers to handle uncertainties in the supply chain?

Safety inventory

A scheduling gadget for minimizing inventory by having parts arrive exactly in this day and age they are wanted and finished items shipped once they leave the assembly line best possible describes a ________ technique.

just-in-time

A distortion of details about the demand for a product because it passes from one entity to the following around the supply chain is named the ________ impact.

bullwhip

Supply chain software can also be categorised as both supply chain ________ techniques or supply chain ________ systems.

planning; execution

Systems that allow a company to generate demand forecasts for a product, and to expand sourcing and manufacturing plans for that product, best possible describes supply chain ________ methods.

making plans

Supply chain making plans techniques:

determine the transportation mode to use for product delivery.

Which supply chain making plans function determines how much product is needed to fulfill all customer demands?

Demand planning

Supply chain ________ systems arrange the flow of goods thru distribution facilities and warehouses to make sure that merchandise are dropped at the suitable locations in the best way.

execution

Capabilities of supply chain execution systems would not come with:

identifying the optimal transportation mode.

From your studying of the Land O' Lakes case learn about, the corporate carried out which type of machine to toughen supply chain efficiency?

Supply-chain planning machine

A supply chain driven by actual customer orders or purchases follows a ________ style.

pull-based type

A build-to-order supply-chain style is also referred to as a ________ type.

demand-driven

Concurrent supply chains are made conceivable by which era?

The Internet

The business value of an efficient supply-chain control device comprises the entire following aside from:

higher inventory ranges.

A ________ is a approach of interaction with a customer, akin to telephone or customer carrier table.

touch point

Which of the following would no longer be considered a contact level?

Intranet

________ modules use many of the same data, tools, and methods as CRM to beef up collaboration between a corporate and its promoting companions.

PRM

________ modules handle problems such as setting targets, employee performance control, and performance-based compensation.

ERM

Customer relationship management techniques normally supply device and online equipment for sales, customer provider, and:

advertising and marketing.

SFA modules in CRM programs would offer gear for:

managing sales prospect and get in touch with information.

CRM techniques lend a hand companies download which business goal?

Customer and provider intimacy

Customer service modules in CRM programs supply tools for:

assigning and managing customer carrier requests.

Marketing modules in CRM programs would provide tools for:

identifying winning and unprofitable customers.

Selling a customer with a checking account a house growth mortgage is an example of:

cross-selling.

________ management is the most important capability for customer carrier processes that is present in maximum primary CRM tool products.

Returns

Which of the next is crucial capability for sales processes this is present in most primary CRM instrument products?

Lead management

Customer courting control applications coping with the research of customer data to supply information for improving enterprise functionality highest describes ________ applications.

analytical CRM

Operational CRM applications come with gear for:

salesforce automation.

Which of the following is not some of the four sorts of shoppers described within the case find out about on Graybar?

Niche shoppers

Analyzing customer purchasing patterns is an example of:

analytical CRM.

Which metric is according to the relationship between the income produced by a particular customer, the bills incurred in acquiring and servicing that customer, and the anticipated life of the connection between the customer and the company?

CLTV

The dimension of the choice of shoppers who prevent the use of or purchasing merchandise or services and products from a company is known as:

churn charge.

Which of the following statements about undertaking programs is not true?

Enterprise programs are best implemented when few adjustments in enterprise processes are required.

Which of the next is not an example of next-generation undertaking programs?

Stand-alone suites

Enterprise software distributors have created ________ to make their very own customer courting management, supply chain control, and undertaking programs paintings carefully in conjunction with each and every different.

e-business suites

The bullwhip effect is countered by:

lowering data uncertainty.

Which of the next business targets would be maximum helped by enforcing an enterprise application?

Customer and provider intimacy

An organization's supply chain describes how raw fabrics are remodeled into finished products and shipped to shops and customers.

Which of the following features is the principle reason why an undertaking system is helping a business improve decision-making?

Up-to-the-minute knowledge sharing

To fashion its current supply chain and increase optimal production plans, a firm would put into effect a supply chain execution gadget.

With new flows of information made conceivable by Web-based equipment, supply chain control can extra easily follow a push-based type.

________ modules in CRM systems assist sales workforce building up their productiveness by focusing sales efforts on the most successful customers, those that are excellent candidates for gross sales and services and products.

SFA

________ CRM comprises customer-facing programs such as tools for gross sales drive automation, call heart and customer provider beef up, and advertising automation.

Operational

The downstream portion of the supply chain includes outlets and shoppers.

An organization having issue with well timed supply of parts to its production plants must look to imposing a supply chain making plans machine.

Enterprise utility vendors are actually together with ________ options, equivalent to gear for data visualization, versatile reporting, and advert hoc analysis, as part of the appliance.

enterprise intelligence