Scmn 2150 Exam 2 Robert Straw 2024/2025 Latest Update

What is a supplier scorecard and how are they created and utilized? {Ans: - Monitor performance across multiple metrics over extended time period - Categorize suppliers based on their scores - Offer additional business to best performers}Inventory Management {Ans: Determine and maintain the lowest inventory levels possible while meeting required customer service levels Key activities/decisions: - Forecasting demand and order quantity - Inventory replenishment: how to reorder - Inventory deployment: where to hold goods GOAL: service level optimization}Fill Rate {Ans: Total Quantity Received / Total Quantity Ordered}What is Production {Ans: the process by which inputs are combined, transformed,and turned into outputs. May involve products and/or services}On Time {Ans: Orders Received On Time / Total Orders}As inventory turns decrease, days sales on hand _________________ (increase, decrease, or remain constant). {Ans: increases}