Supply networks (week 8)

Question 1

What is a supply network perspective?

Answer 1

Setting an operation in the context of all other operations with which it interacts (suppliers and customers)

Question 2

What is disintermediation?

Answer 2

“Cutting out the middle man”

Question 3

What does “in house” mean?

Answer 3

Act of transforming resources internally (not using other companies as part of process)

Question 4

What is outsourcing and its benefits?

Answer 4

Moving some of a firms internal activities and decision responsibility to outside providers

Freed resources, reduced operating costs, easier to control costs, superior design, access to capacity, up-to-date technology, access to world class capabilities, more focus on own core tasks