Supply Chain Management Flashcard

Front

The levels of suppliers within a supply chain are called:

Back

Tiers

Front

For companies to be competitive, suppliers should be considered:

Back

Teammates

Front

A supply chain can best be described as:

Back

A network of many individual functions

Front

Supply Chain Management can be described as a(n):

Back

Comprehensive approach to the management of the entire flow of individual functions

Front

The process for customers to return defective products is called:

Back

Reverse logistics

Front

An estimate of a company’s future needs is called:

Back

Demand forecasting

Front

The basis for a credible demand plan is derived from the:

Back

Demand forecast

Front

To support the sales forecast, the demand plan defines the needed: Inventory and resources, Customers, Suppliers, Transportation routes

Back

Inventory and resources

Front

The demand planning function initiates requisitions for: Sales, Suppliers, Warehousing, Procurement

Back

Procurement

Front

The demand plan attempts to achieve a balance between supply elements and: Prior forecasts, Anticipated consumer demand, Warehouse square footage, Receiving docks

Back

Anticipated consumer demand