Scm 300 Exam #1

4 Competitive Priorities {Ans: cost, quality, speed, flexibility}Inventory Classifications {Ans: raw materials, WIP, finished goods, mro, market inventory, safety stock, anticipation, pipeline}Making vs. Buying {Ans: Make= proprietary technology, no supplier, quality control, idle capacity, control Buy= insufficient capacity, lack of expertise, competent supplier, use of resources}assembly line challenges {Ans: eliminate bottlenecks, correct amount of workstations/employees, employee inequities, present vs. future}Lead time {Ans: the period of time between when and order is placed and when the order is received by a customer}Pipeline Calculation {Ans: Inventory in transit between two points}