Principles Of Supply Chain Management 6th Edition Wisner Tan Leong - Solutions

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What are the advantages of double exponential smoothing models in the context of forecasting?
Why do we need causal and time series forecasting models? When do we choose either? Give an example for each model from your experience.
Distinguish between forecasting and prediction using a good example.
As a forecasting technique, exponential smoothing is nothing more than a form of a moving average and it suffers from the same deficiency as moving average methods. It cannot distinguish between random variations and significant changes and is not a forward looking technique, comment.
Given a time series model of the form Y = a + bt+E, where is a measure of 'random effects'. What is the expected value of ?
What is agility? What are the principles of agility?
How organizations overcome these delays?
Mention the possible delays in manufacturing.
What are the important functions within operations management?
What is logistics?
Mention some commonly used SCM metrics. +
What are the challenges in the successful implementation of SCM systems?
What is bullwhip effect?
What are the four types of decisions in supply chain management?
How have e-purchasing systems helped organizations?
What are statistical fluctuations and random events? How do they influence the performance of manufacturing systems?
What are the seven principles of synchronous manufacturing?
What is synchronous manufacturing?
Define JIT. Why do organizations follow this technique?
What is cellular manufacturing? Why do organizations follow this technique?
What is ERP?
What is business process engineering?
What is total quality management?
Define quality.
Mention three new methodologies based on changing the production systems.
Mention some important landmarks in the history of manufacturing management.
What are the customer expectations in today's business setting?
What are the requirements of manufacturing?
What is the goal of every organization?
Which model do you think is best suited to measure supply chain performance—the BSC or the SCOR? Why?
What are the six process categories of the SCOR model, and which one do you think is the most important?
What is the triple bottom line? How is it measured/calculated for a company?
What is a sustainable supply chain?
How can you create performance measures for an entire supply chain?
What are demand-driven supply networks, and what role do performance measures play in these networks?
How should a firm extend its performance measures to include other supply chain members?
Using the steps suggested for developing performance measures, create several worldclass performance measures for a hotel’s front-desk area, maintenance department, and room service personnel.
How do world-class performance measures differ from, say, financial performance measures?
What do you think a good labor utilization would be for a factory? A restaurant? Why?
Using the formulas provided for utilization, calculate the utilization of your classroom.
How could you increase labor productivity without increasing labor utilization?
What are the advantages and disadvantages of using labor utilization as a performance measure? Do these same arguments apply to machine utilization?
What is the productivity growth rate right now in the United States? Explain why it is as low as it is.
Using the basic formula for productivity, (outputs)/(inputs), what are all the ways that productivity can be increased?
List some single-factor and multiple-factor productivity measures for a restaurant, a quick-change oil garage, and an overnight delivery service.
What is the difference between a total productivity measure and a single-factor productivity measure? Provide an example.
How can performance standards create functional silos?
Discuss the use of performance standards and performance variances. Do schools and universities use them? How can they be damaging to the organization?
List some of the traditional performance measures, and describe their value in today’s competitive climate.
What risk do managers take when they view their firm’s performance solely in financial terms?
What do the best supply chains do, that is better than other supply chains?
In building supply chain competencies, what are the trade-offs that must be considered?
How should performance measures be viewed from a supply chain perspective?
What do customers have to do with good performance measures?
Why would IKEA be interested in sustainability performance measures?
Do you think there is a relationship between performance measurement and a firm’s competitiveness and profitability? Explain.
Walmart’s success is due to its low prices. Why would they need to monitor anything except price performance?
How did the pandemic change the performance measures companies were monitoring in 2020?
How is SCORmark beneficial for member organizations?
Which model do you think is best suited to measure supply chain performance—the BSC or the SCOR? Why?
In what ways is the BSC similar to the SCOR model? Different from the SCOR model?
What are the six process categories of the SCOR model, and which one do you think is the most important?
How is a scorecard different from a dashboard?
What are some weaknesses of the BSC?
What are the steps in developing a balanced scorecard?
Describe the four perspectives of the Balanced Scorecard. How is this model different from a set of world-class performance measures?
What is perfect order fulfillment? Cash-to-cash cycle time?
What is the triple bottom line? How is it measured/calculated for a company?
What is a carbon footprint, and how can firms reduce theirs? How could you measure the carbon footprint for a supply chain?
Why should supply chains begin using green performance measures? Provide some examples of green supply chain performance measures. How would these differ from green performance measures for one firm?
What is a sustainable supply chain?
How can you create performance measures for an entire supply chain?
What are demand-driven supply networks, and what role do performance measures play in these networks?
How should a firm extend its performance measures to include other supply chain members?
Using the steps suggested for developing performance measures, create several worldclass performance measures for a hotel’s front-desk area, maintenance department, and room service personnel.
How do world-class performance measures differ from, say, financial performance measures?
What do you think a good labor utilization would be for a factory? A restaurant? Why?
Using the formulas provided for utilization, calculate the utilization of your classroom.
How could you increase labor productivity without increasing labor utilization?
What are the advantages and disadvantages of using labor utilization as a performance measure? Do these same arguments apply to machine utilization?
What is the productivity growth rate right now in the United States? Explain why it is as low as it is.
Using the basic formula for productivity, (outputs)/(inputs), what are all the ways that productivity can be increased?
List some single-factor and multiple-factor productivity measures for a restaurant, a quick-change oil garage, and an overnight delivery service.
What is the difference between a total productivity measure and a single-factor productivity measure? Provide an example.
How can performance standards create functional silos?
Discuss the use of performance standards and performance variances. Do schools and universities use them? How can they be damaging to the organization?
List some of the traditional performance measures, and describe their value in today’s competitive climate.
What risk do managers take when they view their firm’s performance solely in financial terms?
What do the best supply chains do, that is better than other supply chains?
In building supply chain competencies, what are the trade-offs that must be considered?
How should performance measures be viewed from a supply chain perspective?
What do customers have to do with good performance measures?
Why would IKEA be interested in sustainability performance measures?
Do you think there is a relationship between performance measurement and a firm’s competitiveness and profitability? Explain.
Walmart’s success is due to its low prices. Why would they need to monitor anything except price performance?
How did the pandemic change the performance measures companies were monitoring in 2020?
Explain why supply chain process integration is so important to the success of supply chain trading partners.
How did the pandemic impact risk and security?
What is C-TPAT, and which companies would benefit most from using it?
List some steps firms can take to reduce supply chain risk and increase security.

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Principles Of Supply Chain Management 6th Edition Wisner Tan Leong - Solutions

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