Scm 400 Study guides, Study notes & Summaries

Supply Chain Management: Retailing Management Test 1 Key Terms Study Guide. This study guide on key terms is broken down by chapters 1-4 from Retailing Management, 9th Edition (Levy, Weitz, Grewal) covered on the first test. Original notes from SCM 400 class from the University of Kansas.

Question 1 The need for safety stocks can be reduced by an operations strategy which: increases lead time. increases lead time variability. increases lot sizes. decreases ordering costs. decreases lead time variability. 3 points Question 2 The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day t...

Contents Section I: Supply Chain Overview 1 Introduction to the Supply Chain.................................................. 3 1.1 Introduction ....................................................................................................3 1.2 Defining Supply Chains................................................................................4 1.3 Defining Supply Chain Management .........................................................7 2 Supply Chain Management — The “Right...