HM08 Quiz Flashcards
This has intermediaries and is only effective if the process is followed
Supply Chain
What are the intermediaries in the Supply Chain?
wholesaler + retailer
It involves activities such as sourcing, delivery, repair, and material control operations.
Supply Chain Management
This involves marketing, manufacturing of new products, finance, and customer support.
Supply Chain Management
The Supply Chain Management focuses on activities such as (4)
- Sourcing
- Delivery
- Repair
- Material Control Operations
In SCM, before sourcing there should be a ____.
need
It means looking for something or for an initial supplier (3-5 suppliers)
Sourcing
It is usually done through bidding or invitation.
Sourcing
Companies have ___ to look for suppliers with the lowest price. They are also the ones in charge of forms to be approved.
Supply Officer
It is a network of suppliers, manufacturers, assemblers, supply and delivery centers, and logistic installations
Supply Chain
It performs functions such as material sourcing, processing, and shipment to buyers of those materials of an intermediate/ finished product.
Supply Chain
SC performs functions such as _____, _____, and ___ to buyers of those materials of an intermediate/ finished product.
material sourcing
processing
shipment
It refers to the supply and delivery centers
Wholesalers
These are the persons involved in SCM
Supply Chain
It is a lineup of companies that market goods/ services.
Supply Chain
All stages (directly/ indirectly) involved in the fulfillment of a consumer order have _____.
Supply Chain
TRUE/ FALSE: Not only manufacturers but also shipping providers, warehouses, dealers, and consumers themselves are involved in the supply chain.
TRUE
TRUE/ FALSE: Only manufacturers are involved in the supply chain.
FALSE (only manufacturers- also shipping providers, warehouses, dealers, and consumers)
Who are the ones involved in the Supply Chain?
Manufacturers
Shipping providers
Warehouse
Dealers
Consumers
TRUE/ FALSE: The supply chain starts once the process is completed.
FALSE (starts- ends)
It ends once the process is completed (consumer received service)
Supply Chain
A perishable delivery was scheduled but due to the storm, the delivery was not made until the next day. Upon receiving it, the product was expired. Who is at fault?
Manufacturer and Delivery
Six (6) essential features of SCM:
- Integrated Behavior
- Mutually sharing information
- Mutually sharing channel risk and rewards
- Cooperation
- Focus on serving customers
- Integration Process
- Partners to build and maintain a long-term relationship
SCM integrates stakeholder integration between the client and provider.
Integrated Behavior
For planning and surveillance processes, an efficient SCM exchange of information between channels of participants is needed.
Mutually sharing information
Effective SCM often includes reciprocal channel risks and incentives to have a competitive benefit. The long-term emphasis and coordination between SC participants should be risk-sharing and reward-sharing
Mutually sharing channel risk and rewards
SCM integrates _____ between the client and provider.
stakeholder integration
For___ and ___ processes, an efficient SCM exchange of information between channels of participants is needed.
planning and surveillance
An effective SCM often includes ____ and ____ to have a competitive benefit.
reciprocal channel risks and incentives
The successful SCM requires ____ between the channel participants.
Cooperation
It refers to the company’s coordinated, identical, or complementary operations in an enterprising relationship, in order to achieve collectively reckoned, superior results.
Cooperation
SC is effective where all supply chain members serve consumers with the same objective and concentration.
Focus on serving customers
A mode of policy convergence has the same aim and focal point for SC members.
Focus on serving customers
TRUE/ FALSE: SC is effective where all supply chain members serve consumers with different objectives and concentrations.
FALSE (different- the same)
A mode of _____ has the same aim and focal point for SC members.
policy convergent
Implementing SCM requires the convergence of systems from the supply chain to production and delivery.
Integration Process
The objective of successful partnerships is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that makes partners more efficient at lower costs.
Partners to build and maintain long-term relationships
The integration process is possible if the chain members have a clear culture and strategies.
Partners to build and maintain long-term relationships
Implementing SCM requires the ___ from the supply chain to production and delivery.
convergence of systems
What is the objective of a successful partnership?
merge channel policies
The objective of successful partnerships is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that _________.
makes partners more efficient at lower costs
The long-term emphasis and coordination between SC participants should be ____ and ____.
risk-sharing
reward-sharing
supply chain phenomenon in which there are inefficiencies in forecast and supply chain
bullwhip effect