Built$-$In Process Flexibility

Vertical Integration

Keiretsu is a Japanese term referring to a business network made up of different companies, including manufacturers, supply chain partners, distributors, and occasionally financiers.

Process Redesign

Tool for process analysis and design

Tools used to bring about the fundamental rethinking for performance improvements.

Cross$-$functional processes

FedEx and McDonald case study

Know the significant difference in focus between a location decision in the service and manufacturing sectors$?$

Know How to calculate a total weighted score.

Know the center$-$of$-$gravity approach and how to calculate the $$x$$ and $$y$$ coordinates.

Know the transportation model.

Techniques a service or retail organization uses to make a location decision

primary objective for a service or retail organization when making a location decision

Know the difference between a focused work center and a focused factory.

Human resource strategy labor force utilization

Know the constraints on human resource strategy.

Meaningful Labor Standards Help Determine How to achieve a result of an efficient, responsive operation.

Product$-$oriented layout

Supply chain inventory, i$.$e$.,$ Buffer Stocks

Formulas for Exam II

Chapter $8$

Labor cost per day

Productivity $($units per day$)$

Total Cost$=$Fixed Cost $+($Variable Cost $\backslash$times Volume$)$

Center of Gravity Formulas

x$-$coordinate of the center of gravity$=(\_$i$$x$\_$i Q$\_$i $)/(\_$i$$Q$\_$i $)$

y$-$coordinate of the center of gravity$=(\_$i$$y$\_$i Q$\_$i $)/(\_$i$$Q$\_$i $)$

Chapter $10$

Chapter $11$

$($Inventory@turnover$)=(($Cost of goods sold$)/($Average inventory investment$))$

$($Percentage@invested in@inventory$)=(($Average inventory investment$)/($Total assets$))\backslash$times $100$

EXAMPLE: Home Depot had $$12\mathrm{.}5$b inventory, total assets of $$42\mathrm{.}9$b

Know Labor standards.

Which industries have the highest supply chain cost?

What is response strategy decisions making?

Understand Vertical integration.

Outsourcing

Understand what a Virtual company is

Inventory Control

cash$-$to$-$cash: Inventory days of supply $+$ Days of receivables outstanding minus Days of payables outstanding

Case study $$Carvel Ice Cream