Which of the following best describes a supply chain?
Which of the following best describes a supply chain? A supply chain is used for solving complex, poorly understood problems for which large amounts of data have been collected.
A supply chain is a network between a company and its suppliers to produce and distribute a specific product or service. The entities in the supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
Supply Chain. consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
Supply chain operations include the systems, structures and processes to plan and execute the flow of goods and services from supplier to customer. To maximize effectiveness, it is critical to evaluate both internal operations and the extended supply chain that includes suppliers and customers.
Which of the following best describes the two parts of the value chain- the supply and demand components? The supply component starts at raw material and ends in the organization. The demand component is from delivery of output to the final customer.
Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
Because it is the lifeblood of any business. They connect suppliers, producers and final customers in the creation and delivery of goods and services.
Supply Management. the process of buying based on an organizational need by selecting a supplier, negotiating the price and other specified terms, and ensuring delivery and payment are completed in accordance with the contractual agreement.
The end to end supply chain talks about upstream (suppliers) to downstream (customers) and the flow of product, services, money, between these entities.
What is the role of supply chain?
Supply chain management deals with how businesses turn raw materials into finished products, and then transport and distribute those products to consumers. Supply chains are systems that link organizations to their suppliers, allowing them to produce and distribute goods and products.
- Acquiring. Purchasing is the first role in supply chain management. ...
- Business operations. ...
- Transportation and logistics. ...
- Management of Resources. ...
- Workflow of Information.
Which of the following accurately describe a supply chain map? To read a supply chain map, you start with the focal firm, Suppliers are mapped on the left side of the focal firm, Customers are depicted on the right side of the focal firm, Suppliers and customers are organized in columns called tiers.
What are the four foundation elements of supply chain management? supplier assessment, supply base reduction, supplier management. forecasting, JIT, quality, inventory management, information system design.
Plan, source, make, deliver, and return are the five basic supply chain management components.
- INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. ...
- OPERATIONS. ...
- PURCHASING. ...
- DISTRIBUTION.
Types of Flow in Supply Chain Management
There are three main flows of supply chain management: the product flow, the information flow, and the finances flow.
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
Which of the following statements best describes retailers' role in the supply chain? Retailers sell goods to consumers, which ends the supply chain.
Which of the following best describes a major difference between supply chain management and logistics?
Which of the following best describes a major difference between supply chain management and logistics? Supply chain management involves handling suppliers and customers. Logistics only encompasses the outbound flow of products and materials.
Which of the following best describes operations management? the systematic direction and control of the process that transform resources into finished products that create value and provides benefits to customers.
Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product. Which of the following statements best describes the role of operations in a value chain? B. Receiving, storing, and disseminating inputs to products.
- Perfect Order Index. The perfect order index measures the error-free rate of the entire supply chain process. ...
- Cash-to-Cash Time. ...
- Supply Chain Cycle Time. ...
- Fill Rate. ...
- Inventory Turnover.
Dell business model. Balanced business model. Which of the following is not an institution in the integrated supply chain model? Market distribution network.
Which of the following is a reason that a retailer might choose not to work with a manufacturer? The manufacturer has not demonstrated a demand for its product.
The main objectives of Supply chain management are to reduce cost, improve the overall organization performance and customer satisfaction by improving product or service delivery to the consumer.
Supply chain management is important because it can help achieve several business objectives. For instance, controlling manufacturing processes can improve product quality, reducing the risk of recalls and lawsuits while helping to build a strong consumer brand.
A supply chain is one of the core activities of the organization that is associated with the delivery of goods and services to customers. Supply chain management is defined as the management of flow of goods as well services and includes processes involved in transforming raw materials to final products.
Which of the following are included in the three business areas of supply chain management? materials management, logistics, and procurement.
What are the 4 types of operations management?
Modern operations management revolves around four theories: business process redesign (BPR), reconfigurable manufacturing systems, Six Sigma, and lean manufacturing.
Answer: Products being made to a high standard to meet customer needs and expectations.
Supply Chain: An Overview. The term value chain refers to the process in which businesses receive raw materials, add value to them through production, manufacturing, and other processes to create a finished product, and then sell the finished product to consumers.
Answer: Customer power is not a key attribute of supply chain management. Explanation: Supply chain management includes all methods to change raw materials to final products, it is the management of the flow of services and goods.
Value Chain Analysis Example
For example, McDonald's mission is to provide customers with low-priced food items. The analysis helps McDonald's identify areas for improvement and activities that add value to their products and services.
