MBA 650 Chapter 8 & 9 | Page 8

Problems and Exercices

Supply Chain visibility - d

The ability to track products as they move through the supply chain but also to foresee external events

CAM - b

The use of information systems to control production processes

RFID - c

The use of electromagnetic energy to transmit information between a reader (transceiver) and a processing device, used to replace bar codes and bar code readers.

Supply Chain Efficiency - d

The extent to which a company’s supply chain is focusing on minimizing procurement, production, and transportation costs

JIT - e

An SCM innovation that optimizes ordering quantities such that parts or raw material arrive just when they are needed for production

CRM - f

Applications that help to create and maintain lasting relationships with customers by concentrating on the downstream information flows

Supply Chain - g

Commonly used to refer to the network of producers of supplies that a company uses

VMI - h

A business model in which the suppliers to a manufacturer (or retailer) manage the manufacturer’s (or retailer’s) inventory levels based on a pre-established service levels

CIC - i

The use of multiple communication channels to support the communication preferences of customers

SCM - j

Applications that help to improve inter-organizational business processes to accelerate product development and innovation and to reduce costs

AP 1