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Welcome To Player Snips
Please watch the getting started video below before you begin using your new superpowers
What key supply chain question did Tim overlook?
He skipped market research before launching new product.
How does supply chain management create customer satisfaction?
By delivering value perceived as important to customers.
Why is lowering costs critical in supply chains?
To maintain profit without reducing product quality.
What does product development include?
Idea, market research, prototypes, testing, pricing, marketing.
How can performance improvement help Tim’s company?
By measuring and refining supply chain processes continually.
Who should perform supply chain functions?
Interconnected businesses collaborating to deliver goods efficiently.
PS-036
What is the difference between procurement and purchasing?
Procurement is broader; includes storage, transport, and inspection.
What are the five outputs of proactive procurement?
Quality, cost, time, technology, continuity of supply.
Explain upstream and downstream relationships in supply chains.
Upstream involves suppliers; downstream involves customers.
Why is forecasting important in supply chain management?
Predicts demand, improves inventory and scheduling efficiency.
What does carrying cost include?
Storage, handling, labor, insurance, obsolescence, taxes, investment.
How did James explain the supply chain to Carrie?
He used procurement outputs and upstream-downstream concepts.
PS-036
How does inventory control impact supply chain decisions?
Inventory drives purchasing and affects carrying costs and inflation.
What departments contribute to order generation in a firm?
Sales, marketing, R&D, customer service, project management, support.
What key info is essential in order taking?
Date, item, originator, account, shipping, authorization, description.
What are the four main steps in order fulfillment?
Acquire, prepare, schedule shipment, prepare shipping documents.
Why is returns management important in supply chains?
Protects suppliers and customers; requires clear return policies.
What issues are Karen and Bob facing with orders?
Order verification delays and supplier slow delivery affect fulfillment.
PS-036
What defines strategic supply chain management?
Align supply chain with company strategy and innovation.
How do tactical supply chain decisions affect operations?
Tactics decide tools, negotiations, outsourcing, and market approach.
What roles exist at the operational level?
Supplier management, sourcing, monitoring, and controlling processes.
What is the Bullwhip Effect?
Overordering causes excess inventory and distorted demand signals.
How has PE Engineering’s supply chain affected costs?
Delayed shipments and increased transportation costs hurt profits.
What should PE Engineering focus on to improve?
Enhance supplier reliability, reduce costs, and align strategies.
PS-036
How can planning help All Clean manage growth?
Use forecasts to estimate needs and allocate resources.
Why is strategic sourcing important for All Clean?
Build supplier partnerships for reliable materials and services.
What factors influence making versus buying decisions?
Consider cost, production ability, and value addition.
How does delivery impact customer satisfaction?
Efficient, reliable delivery systems ensure happy customers.
Why is returns management complex in supply chains?
Different policies require flexible, responsive return systems.
What challenges will All Clean face with municipal growth?
Increased demand requires scaling services and resources.
PS-036
How does product flow affect store inventory levels?
Regular deliveries ensure consistent product availability and stock.
Why is information flow critical in supply chains?
Accurate data drives orders, forecasting, and decision-making.
What role do financial flows play in supply chains?
Manage payments, credits, and invoices efficiently.
How can a data warehouse support supply chain decisions?
Centralizes data, enabling timely, informed management actions.
What challenges arise in ultimate supply chains?
Complex networks require coordination among many entities.
How did Kim solve the stocking problem?
Replaced automated orders with scheduled biweekly product shipments.
PS-036
How can Kate forecast inventory for holiday sales?
Use last year’s sales and expected 10% increase.
Why is accurate inventory record-keeping important?
Ensures correct orders, reduces costs, improves customer satisfaction.
How does Just-In-Time inventory help Kate?
Reduces excess stock and cuts holding costs.
What does inventory turnover rate indicate?
Speed products sell and need replacement.
How can data warehousing improve Kate’s inventory management?
Centralizes data for better tracking and decision-making.
What inventory level challenges might Kate face seasonally?
Balancing enough stock for holidays without overstocking.
PS-036
How do suppliers impact Perry’s supply chain costs?
High supplier costs increase overall production expenses significantly.
What role do producers play in managing inventory?
Producers balance inventory to meet demand efficiently.
How does customer demand affect Perry’s production?
Customer demand drives production and inventory forecasting.
Who are Perry’s customer’s customers in this supply chain?
Retailers or wholesalers buying from Perry’s customers.
How do partnerships in supply chains help reduce risks?
Shared risks and rewards improve collaboration and performance.
What challenges does Perry face with his enterprise processes?
Spread-out processes cause delays and increase lead times.
PS-036
How can dashboards improve supply chain monitoring?
Dashboards provide real-time data for critical decision-making.
Why did Aaron’s team choose RFID technology?
RFID efficiently tracks shipments and prevents inventory loss.
What role do alerts play in supply chains?
Alerts prevent surprises and improve operational efficiency.
How do SKUs help with inventory management?
SKUs identify specific products for accurate tracking.
What challenge exists with SKU proliferation?
Multiple SKUs may represent the same product inaccurately.
Why is cross-department collaboration important for inventory tracking?
Collaboration ensures effective solutions and lean manufacturing.
PS-036
How do inventory alerts support supply chain management?
Alerts notify managers when stock reaches minimum levels.
What purpose do supplier alerts serve?
Supplier alerts inform managers about orders and shipment delays.
What is a bottleneck in supply chains?
A bottleneck limits system capacity and delays production.
Why must supply managers be proactive?
Proactive management prevents disruptions and optimizes performance.
How did Craig help Bluepool improve supply chain flow?
Craig introduced inventory alerts and promoted proactive management.
What tools help managers predict supply chain issues?
Monitoring reports and KPIs guide informed supply chain decisions.