Week 1 Worksheet (1) logistics
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School
North Central State College *
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Course
1010
Subject
Industrial Engineering
Date
Feb 20, 2024
Type
docx
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5
Uploaded by abbymcgraw
Week 1 Worksheet
Learning Objectives for Week 1:
To understand key concepts of supply chain management
To define what a supply chain is and what it does.
To clarify how logistics fits within a supply chain model.
To become familiar with key participants in a supply chain
To obtain a sense of the careers available in logistics
This worksheet will assist you to understand the most significant content of the chapter. Your responses should be in the form of “bullet lists” or short answers and a page reference from the text where you found your answer. The page reference can be in a form such as “(p. 26)” at the end of your answer.
1.
[1 pt] What is a supply chain?
Creating and distribution materials pg3
2.
[0.5 pt] Define the difference between logistics and supply chains.
logistics typically refers to activities that occur within the boundaries of a single organization
supply chains refer to networks of companies that work together and coordinate their actions to deliver a product to market. Pg4
3.
[1 pt] Effective supply chain management requires simultaneous improvements in both customer service levels and internal operating efficiencies of the companies in the supply chain (responsiveness vs
efficiency). List two examples each of what customer service and internal operating efficiency means.
Responsiveness means having excess capacity, many locations close to customers
Efficiency means narrow product focus, few large shipments pg 5
4.
[0.5 pt] List the five supply chain drivers.
Production
Inventory
Location
Transportation
Information logistics is moving things to get the product to the customers pg 5 and 6
5.
[1 pt] What is the goal or mission of supply chain management as defined by Eli Goldratt?
The Goal explores the issues and provides answers to the problem of optimizing operations in any business system, whether it be manufacturing, mortgage loan processing, or supply chain management
As increase throughout while simultaneously reducing both inventory and operating expenses pg 7
6.
[1 pt] The text lists two approaches to manufacturing (product focus and functional focus). For each example below indicate whether the factory is focused on product or function.
a.
____functional__ (product or function) A GM manufacturing facility focused on stamping operations for various models of GM cars and trucks
b.
____product__ (product or function) A Whirlpool manufacturing facility that produces 12 different varieties of washing machines.
7.
[0.5 pt] List and define three main approaches to warehousing.
Stock keeping unit storage- all product is stored together
Job lot storage- all the different products related to the needs of certain types of sutomer or related to the need of a particular job are stored together
Crossdocking- Walmart( trucks from supplies arrive and unload large quantities of different products, large lots broken down to smaller lots
Pg11
8.
[0.5 pt] List the three types of inventory.
Cycle inventory
Safety inventory
Seasonal inventory Pg13
9.
[1 pt] Contrast truck and airplane modes of transportation in terms of cost, speed and versatility.
Truck –
o
Cost-fluxuates as fuel flucates
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o
Speed-quick
o
Versatitiy-very flexible can go anywhere pg 15
Airplane-
o
Cost very expensive
o
Speed- very fast o
Versatility- very limited by airport facilities Pg15
10. [1 pt] What is the difference between a vertical integration and “virtual” integration?
The combination in one company of two or more stages of production normally operated by separate companies pg 23
Stitch together a business with partners that are treated as if theyre inside the company
11. [1 pt] List and describe
the five primary type of participants in an extended
supply chain.
Producers make product or services
Distributor take inventory in bulk and deliver a bundle to customers (wholesalers)
Retailers-retailers stock inventory and sell in smaller quantities in general public
Customers-individuals or organizations that purchase and use product or services
Service provider-provides the service or good pg 26
12. [1 pt] List the three steps to align a company’s supply chain with it’s overall
business strategy.
The first step is to understand the markets that your company serves.
The second step is to define the strengths or core competencies of your company and the role the company can or could play in serving its markets.
The last step is to develop the needed supply chain capabilities to support the roles your company has chosen. Pg28