Davila Scm 300 Final Study Guide Rated A+

Shared Metrics {Ans: A metric that is impacted by two related parties.}Consider scenarios where RFID would be helpful to supply chain and/or customer {Ans: >>Security cards, parking structure cards, etc. >>Automatic toll payment systems >>Locate lost or stolen pets, child anti-kidnapping >>Radio Frequency Activation (RFA) devices >>Retail applications >>Inventory tracking, theft management >>Sorting recyclable item >>Readers in your home, workplace >>Readers for tracking, advertising, payments, security, crime... >>Implants?}Queuing System - Goals and Trade-offs {Ans: >>Find the proper balance between long lines/unhappy customers and idle staff/high cost. >>Companies that have shorter lines are perceived to have better service, but shorter lines typically means employees with less work.}Difference between data, information, and knowledge {Ans: DATA: >>Collection of raw details with no meaning by itself INFORMATION: >>Meaning derived from ordering the available data >>Discovering data relationships KNOWLEDGE: >>Ability to make decisions based on information derived from data >>Understanding the patterns}Safety Stock {Ans: Insurance inventory}What does it mean if AHC < AOC? Increase or decrease Q? {Ans: Below the EOQ.}