What are the types of SCM levels of integration effectiveness IN ORDER - correct answer functional effectiveness, cross-functional, supplier/customer,
... [Show More] multi tier
Which type(s) of effectiveness in integration must a firm have before it can be cross-functionally effective? - correct answer functional effectiveness
What is supplier/customer effectiveness - correct answer making sure your suppliers know what you need when you need it depending on technology
Which type(s) of effectiveness in integration must a firm have before it can be effectively integrated between all the tiers of suppliers and customers? - correct answer supplier/customer, cross-functional, functional
What is meant by a "t-shaped" people, teams, or organizations - correct answer it means that there is breadth in business (end-to-end cross functionally) as well as depth functionally. For an organization's supply chain it means there is an end to end focus on supply chain performance and process integration (width), while also (depth) by business performance, focus and strategic allignment
Why do sub-optimal cultures develop - correct answer -lack of guiding vision/goals/purpose,
-bureaucratic misaligned systems/policies/processes,
-underutilized and demotivated talent and potential,
-low trust
A legendary quote by peter brucker about strategy vs culture - correct answer "culture eats strategy for breakfast" ... this shows how important culture is really
What are the 4 Ms - correct answer mindset (whether popn of org has fixed or growth mindset), Money (plentitude or scarcity attitude to finances), Management (excessive mgt/scarce leadership, structure over strat), Metrics (excessive # of functionally focused metrics? not aligned with goals?)
If you can't provide an environment for top talent to flourish and grow, what will happen - correct answer someone else will provide that environment
What are the 7 keys to unlocking organizational greatness - correct answer 1. strategic direction
2. education/leadership
3. process performance
4. technology enablers
5. data control and mgmt
6. aligned metrics
7. continuous improvement culture
What is a big challenge for leadership in creating a strong culture - correct answer to resist short
term pressures and instead look inwards
at the their organisational culture and ask
how they can create an environment that allows
for greater alignment and integration
What are the four motivational domains of SCM - correct answer coordination, design, understanding, improving
Coordination as a motivational domain of SCM - correct answer efficiency of material flow through the supply chain; right stuff to right place at right time; what we do RIGHT NOW to the right place at right time (this is like sharing forecasts/schedules)
Improving as a motivational domain of SCM - correct answer process improvements (increasing efficiency or effectiveness of SC's value-adding system)
Design as a motivational domain of SCM - correct answer suppliers' involvement with design of the product (ex: chrysler going to supplier of preliminary blueprints but having the supplier work it out)...increasing cross functional collab for design of product
Understanding as a motivational domain of SCM - correct answer knowing what suppliers can/cant do -- any supply chain thing aimed at making the supplier more aware of what customer can do or cust being more aware of what supplier can do (i.e. vendor managed inventory)
Which part of the combo sand cone/4 motivational domains would you place a time when you sit down with purchasing, r&d, and engineers to design a product - correct answer cross functional design
Where would erp systems go in the sand cone/4 motivational domains map - correct answer they could go in many places depending on when it's used
Seven principles of SCM - correct answer 1. segment customers based upon service needs
2. customize the logistics network
3. listen to the signals of the marketplace and plan accordingly
4. differentiate products closer to the consumer
5. source strategically
6. develop a supply-chain wide technology strategy
7. adopt channel spanning performance measures
What keeps supply chain executives up at night - correct answer turning over inventory faster, shorter term working capital
6 dimensions of successful transformation - correct answer objectives, good leadership, knowing procurements role, innovation and technology, best practices, optimized organization (structure/cross-functions)
Which of the supply chain successful dimensions of transformation should be considered last - correct answer redrawing the supply management org chart (optimized organization)... this is because it's much less productive to reorganize before you really have objectives and leadership determined
Three ambitious goals for walmart green SC - correct answer * 100% supplied by renewable energy
* create zero waste
*sell products that sustain wal-mart's resources and the environment
t or f: Wal-mart has employees working on sustainability on a fulltime basis - correct answer false; walmart strategically decided not to hire full time sustainability-focused employees because they wanted employees to have to embed sustainability into their daily work
what are some things walmart has done to work towards their sustainability strategies - correct answer bought refer trucks that keep cargo cold without the engine on; buying from organic cotton farmers; buying only wild/certified seafood;
Why do firms go green - correct answer cheaper, have to, can
What are a couple huge sources of pollution - correct answer excess packaging, production derivatives
What is waste - correct answer anything a business pays for but the customer doesn't value
What is TQEM - correct answer total quality environmental management
Bully Pulpit - correct answer having the bully pulpit is when you speak everyone listens (this is walmart's position); they have the power and can put the pressure on suppliers
What are some challenges noted from the sig case - correct answer no centralized supply chain function, early supplier involvement, systems implementation...
What were the 3 branches of sig in 2002 - correct answer SIG combibloc, sig beverages, and sig pack (packaging systems, machines for fast-moving goods)
What did SIG need to do? - correct answer 1. SCM competence center (CoE)
2. ESI strategies
3. Information sharing and increasing the conversion to Esig when possible
How are manufacturing wages in Japan growing in comparison to those in the US - correct answer wages are growing around 14% each year, while in the US just 3 or 4% annually
t or f: wages used to be a larger % of total cost of a product than they are today - correct answer true! it used to take people a lot longer to make product than it does now with all the automation we have
anything that's labor intensive relative to its value but doesnt cost a lot to ship should be made where - correct answer offshore and brought into the US (newman used the Victoria's secret products as an example)
P&G is looking at some additional ways to reduce cost including - correct answer material savings, manufacturing productivity, transportation
Which is more complex: kanban/JIT or MRP systems - correct answer MRP systems..
What are the 7 steps to structured decision making - correct answer 1. frame/describe situation and scope
2. define objectives and criteria
3. extract obligatory (necessary) criteria
4. creatively identify alternatives that meet the criteria
5. gather info on alternatives and develop judgement tables (SWOT/pros/cons)
6. assign weights to criteria
7. rank alternatives
What does newman say about all models for making decisions being wrong - correct answer "All models are wrong, but some models are less wrong... and more useful"
Moore's Law - correct answer the observation that computing power roughly doubles every two years while the cost lowers
On which matrix can you find the maximax and maximin - correct answer payoff matrix (looking at the best of the best scenarios, and the best of the worst scenario)
What is the maximin - correct answer found on payoff matrix; first look at the worst case column (usually logically this is low demand), then look at the best amount of payout in that column
What is the maximax - correct answer found on the payoff matrix; this is the best of the best scenarios... look at the best column (usually high demand) and then identify it by the highest payout of that column
What is the minimax - correct answer found on the regret matrix; look at the best scenario column (usually high demand) and then look for the lowest that you REGRET... this excludes zero because you don't regret when the number is zero and therefore doesnt qualify as being one of the regret possibilities
How do you calculate the expected value matrix? - correct answer for each of the rows, you take the payout for each of the column scenarios and multiply them by the percentage likelihood of that scenario and then add each of the numbers you calculate together (do this separately per row)
What is a key difference between transactional systems and decision support systems - correct answer transactional systems compile all the raw data surrounding events or processes without analytics, while decision support systems use raw data to synthesize solutions for specific business problems
An ERP is a type of which system - correct answer transactional
Heuristic - correct answer a simple thinking strategy that often allows us to make judgments and solve problems efficiently; usually speedier but also more error-prone than algorithms; not the perfect way but just uses a rule to guide problem solving
Are athletics important to miami - correct answer yep. this was a very heavily discussed topic so it needed to be included here
Advanced planning systems are best for what - correct answer making ongoing decisions [Show Less]