33:799:301 Midterm: Exam 1 Study Guide

• School: Rutgers University
• Department: Supply Chain Management
• Course: 33:799:301
• Professor: Chris Provines

Document Summary

Concepts/tools/models/measures: scor model: supply chain operations research model. All supply chains follow a basic model. Plan: establishes the parameters within which the supply chain will operate. Includes the determination of marketing and distribution channels, promotions, quantities, timing, inventory and replenishment policies, and production policies. Source: the process of identifying the suppliers that provide the materials and services needed for the supply chain to deliver the finished product(s) desired by the customers. Involves identifying reliable suppliers and building strong relationships with them. Must also develop pricing, shipping, delivery and payment processes with suppliers and create metrics for monitoring and improving the performance. Make: (manufacture) the series of operations performed in order to turn materials into a finished product. Deliver: (logistics) part of the supply chain that oversees planning and execution of the forward flow of goods and information between various parts of the supply chain to meet customer requirements.