Om 300 Exam 3 Chilcutt Questions And Answers 2024/2025 Graded A

vertical integration {Ans: type of sourcing strategy typically more common in risky industries developing the ability to product goods or services previously purchased}supplier partnerships {Ans: exist when a supplier and purchaser work together to remove waste and drive down costs}just in time (JIT) {Ans: focuses on continuous forced problem solving via a focus on throughput and reduced inventory}1. accurate pull data (shared information) 2. lot size reduction (shipping, discounts, reduced ordering costs) 3. blanket orders against which actual orders are released 4. single supply chain member responsible for ordering 5. vendor managed inventory (VMI) {Ans: what are the 5 opportunities for managing the integrated supply chain?}inventory turnover {Ans: which formula is used to measure supply-chain performance?}trucking, railroads, air, waterways, pipelines, multimodal/intermodal {Ans: list the types of shipping systems (6):}