What is the bullwhip effect quizlet?
The bullwhip effect is where variations of inventory are amplified as you move up the supply chain from consumer to end raw material supplier when there is a change in consumer demand and no information is being shared about consumer demand between all members in the supply chain which will leave suppliers.
Is a buffer for the lack of flexibility in the supply chain?
Safety stock acts as an inexpensive buffer for the lack of flexibility in the supply chain.
Do all CRM packages contain modules for PRM and ERM?
All CRM packages contain modules for PRM and ERM. An enterprise system can help reduce redundant business processes. CRM software can help organizations identify high-value customers for preferential treatments. Cross-selling markets complementary products to customers.
When tailoring a particular aspect of a system to the way a company does business enterprise software can provide the company with?
When tailoring a particular aspect of a system to the way a company does business, enterprise software can provide the company with: configuration tables. In order to achieve maximum benefit from an enterprise software package, a business: changes the way it works to match the software’s business processes.
What is bullwhip effect in supply chains?
The bullwhip effect (also known as the Forrester effect) is defined as the demand distortion that travels upstream in the supply chain from the retailer through to the wholesaler and manufacturer due to the variance of orders which may be larger than that of sales.
Which of the following causes inefficiencies in a supply chain?
Inefficiencies in the supply chain, such as parts shortages, underutilized plant capacity, excessive inventory, or runaway transportation costs, are caused by inaccurate or untimely information and can waste as much as 25% of operating costs.
Which effect is caused by a distortion of information about the demand for a product as it passes from one entity to the next across the supply chain?
The bullwhip effect is the distortion of information about the demand for a product as it passes from one entity to the next across the supply chain.
What is a PRM module How does it differ from an ERM module?
How does it differ from an ERM module? PRM helps channels sell to customers directly. It provides the ability to trade information and distribute leads and data about customers.
What do customer service modules in CRM systems provide tools for?
CRM customer service modules provide information and tools to make call centers, help desks, and customer support staff more efficient. They have capabilities for assigning and managing customer service requests.
When an organization has inconsistent duplicated data it is said to have an Group of answer choices?
MIS 101 Exam 2
| Question | Answer |
|---|---|
| When an organization has inconsistent duplicated data, it is said to have a(n) ________. | data integrity problem |
Which of the following traditional solutions enables manufacturers to deal with uncertainties in the supply chain?
Chapter 9
| Question | Answer |
|---|---|
| Which of the following traditional solutions enables manufacturers to deal with uncertainties in the supply chain: | Safety stock |
| Supply chain execution systems enable the firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product. | False |
What should a company look for in a supply chain planning system?
A company’s organizations and processes for distributing and delivering products to the final customers is: A company having difficulty with timely delivery of parts to its manufacturing plants should look to implementing a supply chain planning system.
Who are the major suppliers of supply chain software?
A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a/an: Supply chain Major CRM application software vendors include Oracle, SAP, and Salesforce.com.
Who is the downstream part of the supply chain?
The downstream portion of the supply chain includes retailers and customers. A supply chain driven by actual customers orders or purchases follows a _____ model. _______ modules use many of the same data, tools, and systems as CRM to enhance collaboration between a company and its selling partners.
How does a supply chain execution system work?
Supply chain execution systems enable the firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product.