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  • Cost Management - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Cost Management Cost Management Published on Jan 19 2011 In terms of activity based cost accounting cost management involves control of activities to eliminate waste improve cost drivers and plan operations This process should influence the organization s strategy setting process Factors such as product pricing introduction of new products and distribution of existing products are examples of strategic decisions that are affected by cost management Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships

    Original URL path: https://scm.ncsu.edu/scm-articles/article/cost-management (2016-04-30)
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  • Cost System Design - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    make decisions As most manufacturing processes were labor intensive at the turn of the century a majority of cost management systems relied on direct labor to assign indirect costs to products and services Indirect or overhead costs are costs that are associated with or caused by two or more operating activities jointly but are not traceable to each of them individually Direct costs on the other hand are specifically traceable to or caused by a specific project or production operation The emergence of highly automated machines which replaced direct labor with support labor reduced the accuracy of direct labor as an estimator of indirect costs This reduction first led to the emergence of machine hour based cost systems But both labor based and machine hour based cost systems rely on unit level cost drivers and can provide adequate insights to managers about the costs of their products only in very simple manufacturing systems As competition faced by firms increased profit levels began to fall and it became more important for the firm s cost system to report accurate product costs More accurate products costs enable firms to fine tune its product mix so it is inherently more profitable Activity based costing or management is a tool that more accurately identifies and allocates indirect costs to the products they support because it identifies the drivers of the indirect costs This identification allows management to identify and implement cost savings opportunities Sources Cooper R Slagmulder R 1999 Intelligent cost system design Strategic Finance 80 12 18 20 Dobler D W Burt D N 1996 Purchasing and Supply Management 6th ed New York McGraw Hill Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as

    Original URL path: https://scm.ncsu.edu/scm-articles/article/cost-system-design (2016-04-30)
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  • Currency Conversions - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Currency Conversions Currency Conversions Published on Jan 19 2011 Issues with currency conversion add complexity to the global sourcing process The absence of fixed exchange rates can be a problem Fluctuations in exchange rates can have a significant impact on the costs and profits made by the buyer and the seller U S purchasing departments are particularly at a disadvantage Their unfamiliarity in dealing with foreign currencies leads to higher costs in two ways 1 the buyers attempt to put all currency risk on the supplier which causes the supplier to include charges for hedging 2 In an attempt to avoid dealing with foreign currency buyers use U S subsidiaries who accept U S dollars but charge higher markups The unfamiliarity of vendors and suppliers with currency conversion issues can cause supply chain slowdowns and force businesses to revert to using paper invoices bound ledgers and filing cabinets leading to delays and increased costs in the supply chain Source Dobler D W Burt D N 1996 Purchasing and Supply Management 6th ed New York McGraw Hill Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six

    Original URL path: https://scm.ncsu.edu/scm-articles/article/currency-conversions (2016-04-30)
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  • Customer Relationship Management (CRM) - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Ph D Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Customer Relationship Management CRM Customer Relationship Management CRM Published on Jan 19 2011 A marketing philosophy based on putting the customer first It involves the collection and analysis of information designed for sales and marketing decision support to understand and support existing and potential customer needs It includes account management catalog and order entry payment processing credits and adjustments and other functions Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships SCM Supplier

    Original URL path: https://scm.ncsu.edu/scm-articles/article/customer-relationship-management-crm (2016-04-30)
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  • Customer Value - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    MA Tracy Freeman MBA Robert Handfield Ph D Jeffrey Stonebraker Ph D Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Customer Value Customer Value Published on Jan 19 2011 The customer value approach focuses on how people choose among competing suppliers customer attraction and retention and market share gains Answering three customer value questions is important in order to determine a company s customer value proposition What are the key buying factors that customers value when they choose among a business and its toughest competitors How do customers rate a company s performance versus its competitors performance on each key buying factor What is the percentage importance of each of these components of customer value By highlighting the best performer on each key buying factor marketers obtain a market derived empirical aggregate of each supplier s customer value proposition Often the view from the marketplace differs from the organization s internally developed customer value proposition Source http www cval com Intro html Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships SCM Supplier Evaluation Logistics Global Logistics Logistics Definition SCM Procurement E Procurement

    Original URL path: https://scm.ncsu.edu/scm-articles/article/customer-value (2016-04-30)
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  • Customer/Order Fulfillment Process - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Favre MA Tracy Freeman MBA Robert Handfield Ph D Jeffrey Stonebraker Ph D Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Customer Order Fulfillment Process Customer Order Fulfillment Process Published on Jan 19 2011 A series of customers interactions with an organization through the order filling process including product service design production and delivery and order status reporting Source http www apics org Categories SCM Supply Chain Management Definitions Terms Relationships Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships SCM Supplier Evaluation Logistics Global Logistics Logistics Definition SCM Procurement E Procurement

    Original URL path: https://scm.ncsu.edu/scm-articles/article/customer-order-fulfillment-process (2016-04-30)
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  • Demand Management - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Handfield Ph D Jeffrey Stonebraker Ph D Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Demand Management Demand Management Published on Jan 19 2011 The function of recognizing all demands for goods and services to support the market place It involves prioritizing demand when supply is lacking Proper demand management facilitates the planning and use of resources for profitable business results Source http www apics org 10th ed Categories SCM Supply Chain Management Definitions Terms Information Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships SCM Supplier Evaluation Logistics Global Logistics

    Original URL path: https://scm.ncsu.edu/scm-articles/article/demand-management (2016-04-30)
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  • Distribution Channel - SCM | Supply Chain Resource Cooperative (SCRC) | North Carolina State University
    Experts Cecil Bozarth Ph D Clyde M Crider MBA Donavon Favre MA Tracy Freeman MBA Robert Handfield Ph D Jeffrey Stonebraker Ph D Don Warsing Ph D SCM Professionals SCM Research Resources SCM Pro Resources SCM Articles SCM White Papers SCM SCRC Director s Blog SCM Tutorials SCM Video Insights Library SCM Insights Polls SCM Topics SCM Research SCRC Article Library Distribution Channel Distribution Channel Published on Jan 19 2011 The distribution route from raw materials through consumption along which products travel Categories SCM Supply Chain Management Definitions Terms Physical Flows Read the Supply Chain Management Professional Newsletter Read the latest supply chain research articles and news as soon as we post them Privacy Policy Professional Resources SCM Articles SCM Resources SCM Terms Supply Chain Management Basics SCM Basics Tariffs and Tax Primer NAICS Navigator SCM Blog Business Process Outsourcing Forecasting Healthcare Supply Management Supply Chain Analytics SCM Tutorials CPFR Forecasting Inventory Management Procurement SCM Features Hot Topics Lessons Learned Facts Figures SC Security SCM Topics Inventory Management Supply Chain Procurement Process Six Sigma SC Risk Supplier Partnerships SCM Supplier Evaluation Logistics Global Logistics Logistics Definition SCM Procurement E Procurement SCM Video Insights Library SCM Research Production Labor Sourcing SCM

    Original URL path: https://scm.ncsu.edu/scm-articles/article/distribution-channel (2016-04-30)
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