inventory velocity Supply Chain (upstream, downstream, internal) Components of SCM (i.e. sourcing) Push and Pull models – what are they – think of examples of industries that would benefit using the Push Model. What industries would benefit using the Pull model? The bullwhip effect What is VMI? When the supplier manages the entire inventory process. One way to estimate demand is to take preorders (i.e. Apple) Internet, Intranet, Extranet definitions/understanding What is EDI? Definition of IT Strategic Plan What is NPV? Advantages and disadvantages of purchasing prewritten code (i.e. COTS software) What is the SaaS model? SDLC – know the order Deliverables at the various SDLC stages What is behavioral feasibility? What is a “pilot” conversion? Advantages of end-user development Definition of a project From Hong Kong Natural gasline example in Plug IT #6, they used the traditional waterfall methodology (gather requirements up front) What is scope creep? Causes of IT Project failures How does RFID and GPS technologies improve supply chain visibility? What is the IT Steering committee? Who does it comprise of? What are the three factors that constrain all projects? Understand Material, Financial, and Information flows.

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter2: The Purchasing Process
Section: Chapter Questions
Problem 1GPE
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  • inventory velocity
  • Supply Chain (upstream, downstream, internal)
  • Components of SCM (i.e. sourcing)
  • Push and Pull models – what are they – think of examples of industries that would benefit using the Push Model. What industries would benefit using the Pull model?
  • The bullwhip effect
  • What is VMI? When the supplier manages the entire inventory process.
  • One way to estimate demand is to take preorders (i.e. Apple)
  • Internet, Intranet, Extranet definitions/understanding
  • What is EDI?
  • Definition of IT Strategic Plan
  • What is NPV?
  • Advantages and disadvantages of purchasing prewritten code (i.e. COTS software)
  • What is the SaaS model?
  • SDLC – know the order
  • Deliverables at the various SDLC stages
  • What is behavioral feasibility?
  • What is a “pilot” conversion?
  • Advantages of end-user development
  • Definition of a project
  • From Hong Kong Natural gasline example in Plug IT #6, they used the traditional waterfall methodology (gather requirements up front)
  • What is scope creep?
  • Causes of IT Project failures
  • How does RFID and GPS technologies improve supply chain visibility?
  • What is the IT Steering committee? Who does it comprise of?
  • What are the three factors that constrain all projects?
  • Understand Material, Financial, and Information flows.
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