Scmn 2150 Exam 1 Study Guide

Inventory Master File {Ans: list of materials in possession}Goals of Scheduling {Ans: create smooth process flows}benefits of decentralized {Ans: customer proximity, lower delivery costs, responsive to demand}mean absolute deviation forecasting error {Ans: add all absolute value of forecast error and divide by amount}planned order releases {Ans: Planned amount to order in each time period net requirements offset by lead time}essential activities in a supply chain {Ans: - planning and forecasting - supply management and procurement - operations management and production - logistics and transportation}