Principles Of Supply Chain Management Chapter 1 Jeopardy Template

acronyms	History	Objectives and elements of supply chain management	Local, regional and global supply chain management activities	Key Terms
100 Just-in-time What is JIT?	100 Mass production What is the techniques employed by U.S. manufacturers during the 1950s and 1960s to reduce costs and improve productivity?	100 What are 4 qualities, Supply Chain Management is relying on to be effective? High level of trust Cooperation Collaboration honest, accurate communication	100 What is a synonym of JIT? Lean Production System or Toyota Production System	100 What is greenwashing? Making environmental claims for products that are exaggerated or misleading.
200 Entreprise Resource Planning What is ERP?	200 Computer technologies and MRP software What is it that made it possible for companies to further reduce inventory costs while improving internal communication of the need for purchasing parts and supplies in the 1960s and 1970s?	200 What are 2 possible results of reducing the bullwhip effect? Lower costs, better quality	200 What is right-shoring? It is the combination of on-shore, near-shore and far -shore operations into a single, flexible, low-cost approach to supply chain management.	200 What is the bullwhip effect? Supply chain is lacking on accurate forecasting, therefore using a large safety stock and consequently running into production problems.
300 The Council of Supply Chain Management Professionals What is CSCMP?	300 Just-in-time (JIT) and Total quality management (TQM) What is in the 1980s, the 2 strategies used to offer lower-cost, higher-quality products along with higher levels of customer service?	300 What are the 4 main supply chain management elements? Supply, Operations, Logistics, Integration	300 What are the advantages of a large number of regional or local warehouse? Deliver product quickly therefore better customer service.	300 What is the business process reengineering? The radical rethinking and redesigning of business processes to reduce waste and increase performance.
400 Material Requirement Planning What is MRP?	400 The competition in the U.S. intensified... What is the cause of paying closer attention to the processes, materials and components they used in manufacturing their products in the U.S. in the 1990s?	400 What are 5 objectifs of effective Supply Chain Management? Bringing products and services to customers Lower purchasing and inventory cost Better product quality Higher level of customer services More sales	400 What are the advantages of a firm having a few highly dispersed warehouses? Saving money on the inbound transportation costs from factories, The warehouse construction and operation costs.	400 What is perfect order fulfillment? It is an order arriving on time, complete and damage free.
500 The fourth-party logistics provider What is 4PL?	500 1915 What is the year Arch W. Shaw of the Harvard Business School wrote the textbook: "Some Problems in Market Distribution" considered by many to be the first on SCM?	500 What is a fourth-party logistics provider? A company hired to manage all of the firm’s logistics and supply chain management capabilities	500 What are the risks and advantages of operating on a global scale? Advantages; larger market, economies of scale in purchasing and production, lower labor costs, new product ideas from a foreign suppliers and employees. Risks: fluctuating exchange rates, warehousing and purchasing and selling prices operating exposure	500 What is a Six Sigma Quality? It is a total quality management strategy to insure continued quality compliance among suppliers and with internal production facilities.

Principles of Supply Chain Management Chapter 1

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