LOS at TU München

Flashcards and summaries for LOS at the TU München

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Study with flashcards and summaries for the course LOS at the TU München

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the operational and structural uncertainties?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the top 3 key SC risks perceived by managers?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What does total cost of ownership means?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the phases of purchasing strategy?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the 4 sourcing strategies?

Exemplary flashcards for LOS at the TU München on StudySmarter:

Transaction Cost types?

Exemplary flashcards for LOS at the TU München on StudySmarter:

Who are principal and agent? And what are the 3 hidden things behing this theory?

Exemplary flashcards for LOS at the TU München on StudySmarter:

Top 3 Logistics functions that are outsourced are?

Exemplary flashcards for LOS at the TU München on StudySmarter:

Assets and Working Capital

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the innovation strategies?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What is process flow and what is the objective?

Exemplary flashcards for LOS at the TU München on StudySmarter:

What are the short term and long term consequences of horizontal logistics?

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Exemplary flashcards for LOS at the TU München on StudySmarter:

LOS

What are the operational and structural uncertainties?
Operational
-Supply&Demand (timing,quantity)
-Cost(freight rates,raw materials, exchange rates)

Structural
-Supply disruptions
-Legislation(environmental,tax)
-Competitors
-New technologies

LOS

What are the top 3 key SC risks perceived by managers?
1.Raw material price fluctuation
2.Currency fluctuations
3.Market changes

LOS

What does total cost of ownership means?
It is a cost of acquisition and use of a product and services and it quantifies all costs associated with the purchasing process.

LOS

What are the phases of purchasing strategy?
Classification-Market Analysis-Strategic Positioning-Action Plans

LOS

What are the 4 sourcing strategies?
Single sourcing
Multiple sourcing
Global sourcing
Local sourcing

LOS

Transaction Cost types?
-Search and information costs
Research about potential transaction partners
-Bargaining costs
Negotiations, contract formulation
-Enforcement costs
Compliance of target dates, quality, quantity and prices -Adjustment costs

LOS

Who are principal and agent? And what are the 3 hidden things behing this theory?
Principal is a manufacturer who has high costs for information research. Agent is a supplier who has information advantage. The problem is there is asymmetric information in between and hidden elements. For example hidden characteristics, supplier can private information about properties, cost structure, etc.hidden action, manufacturer doesn’t really know the work effort after the conclusion of the contract such as material input or quality of the labor.hidden information, supplier’s superior information such as about input markets

LOS

Top 3 Logistics functions that are outsourced are?
1.Transport
2.Warehousing
3.IS

LOS

Assets and Working Capital
Choice of technology
-lot size model
-queueing model
-multiple usage vs special techn. model
Investments:assets
Substitution:working capital(stocks)

LOS

What are the innovation strategies?
Pioneer: tech leadership, own R&D
Imitation: learn from pioneers’ experiences
Niche: special technology targeted at few customers
Cooperation: licenses, alliances

LOS

What is process flow and what is the objective?
Process flow is a sequence of processes and stockpoints through which entities pass in sequence. Objective is analysis of interdependencies between CT,TH and WIP.
WIP=TH*CT

LOS

What are the short term and long term consequences of horizontal logistics?
Short term
*Single joint transaction, uncertainty about continuity
-Joint procurement, capacity sharing, transshipments
-Spot markets (freight exchanges, e-Procurement)

Long term
*Continuous cooperation
-Joint optimization of long term strateg
E.g., technology choice
-Dynamic aspect: learning356

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