2020-09-09T20:30:43+03:00[Europe/Moscow] en true Supply Chain, Process , Cause & Effect Diagram Alternate Names, Why to use Cause and Effect diagrams , Order qualifiers, Order winners , Feasible solution space, Decision variables, objective function (definition), binding constraint definition, operations management, Productivity Formula , bullwhip effect , Supply chain management’s goal, Job shop, Job shop's processing, flexibility, equipment, and workers, Job shop examples, Line balancing's goal, Reverse logistics, Process selection's primary concern, Objective function (example), Cause and effect, Logistics components, Supply chain management's goals (key issues), Purchasing, Surplus, Slack, Binding constraint's purpose, Non-binding constraint, Variable Cells, Shadow price, minimum cycle time flashcards

MSC 385 Supply Chain Test 1

This may be as many terms as the decks get or I may add how-to cards about the problems (probably only to StudyLib). Kartka.ai link: https://app.kartka.ai/shared/decks/5C7AzqnuWEPX2jzeHisLFdqK

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  • Supply Chain
    A sequence of activities and organizations involved in producing and delivering a good or service
  • Process
    One or more actions that transform inputs into outputs
  • Cause & Effect Diagram Alternate Names
    Ishikawa diagram and Fishbone diagram
  • Why to use Cause and Effect diagrams
    To identify a problem’s potential causes
  • Order qualifiers
    Characteristics that customers perceive as minimum acceptability standards for a product or service to be considered as a potential for purchase
  • Order winners
    An organization’s goods’ or services’ characteristics that cause them to be perceived as better than the competition
  • Feasible solution space
    the set of all feasible decision variable combinations as defined by the constraints
  • Decision variables
    amounts of either inputs or outputs
  • objective function (definition)
    mathematical statement of profit (or cost, etc.) for a given solution
  • binding constraint definition
    a constraint that forms the optimal corner point of the feasible solution space
  • operations management
    the management of systems or processes that create goods and/or provide services
  • Productivity Formula
  • bullwhip effect
    the amplification of upstream demand variation in the supply chain
  • Supply chain management’s goal
    To match supply to demand as effectively and efficiently as possible
  • Job shop
    small-scale process type used for low volumes of high-variety goods or services
  • Job shop's processing, flexibility, equipment, and workers
    intermittent processing, high flexibility, general-purpose equipment, and skilled workers
  • Job shop examples
    die shop and veterinarian's office
  • Line balancing's goal
    to obtain task groupings that represent approximately equal time requirements
  • Reverse logistics
    the process of transporting returned items
  • Process selection's primary concern
    how much variety and volume the process will need to be able to handle
  • Objective function (example)
  • Cause and effect
    there is a problem, the effect, and a need to identify the problem's potential causes
  • Logistics components
    movements within a facility, incoming shipments, and outgoing shipments
  • Supply chain management's goals (key issues)
    determining appropriate outsourcing levels, managing procurement, managing suppliers, managing customer relationships, and being able to identify problems quickly and respond to them quickly
  • Purchasing
    has responsibility for procurement of materials, supplies, and equipment and evaluates vendors for quality, reliability, service, price, and ability to adjust to changing demand; also involved in receiving and inspecting the purchased goods
  • Surplus
    the amount by which the result value exceeds the right-hand side value when decision variables' values are substituted into a greater-than-or-equal-to (≥) constraint
  • Slack
    the amount by which the result value is less than the right-hand side value when decision variables' values are substituted into a less-than-or-equal-to (≤) constraint
  • Binding constraint's purpose
    effectively limiting the objective function's value
  • Non-binding constraint
    condition in which there is no value for additional quantities because slack or surplus is present
  • Variable Cells
    Decision variables as mislabeled by Excel
  • Shadow price
    Amount by which the the objective function's value would change with a one-unit change in a constraint's right-hand side value
  • minimum cycle time
    maximum single task time