Supply Chain Management Flashcards
6 cards from real Manufacturing and Production practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Supply Chain Management flashcards as text
What does MRP stand for in manufacturing?
Answer: Material Requirements Planning
Material Requirements Planning is a system that calculates the materials and components needed for manufacturing based on demand forecasts and bills of materials.
The Bill of Materials (BOM) in manufacturing is:
Answer: A structured list of components, subassemblies, and raw materials required to build a product
A BOM defines all materials, parts, and subassemblies needed to manufacture a finished product along with quantities.
Lead time in supply chain management is:
Answer: The time between placing an order and receiving it
Lead time is the elapsed time from placing an order to receiving the goods, a critical factor in inventory planning.
What is a Tier 1 supplier?
Answer: A supplier that sells directly to the manufacturer or OEM
Tier 1 suppliers provide components or assemblies directly to the OEM or primary manufacturer.
What does 3PL stand for?
Answer: Third-Party Logistics
Third-Party Logistics (3PL) refers to outsourcing logistics functions such as warehousing, transportation, and fulfillment to a specialized provider.
A supplier scorecard is primarily used to:
Answer: Measure and track supplier performance across quality, delivery, and cost metrics
Supplier scorecards provide objective, data-driven performance ratings to manage relationships and drive supplier improvement.