Lecture 1

Question 1

Supply Chain Definition (components)

Answer 1

1. Network
2. Information must flow
3. Coordination is essential
4. Avoid conflicting objectives
5. Balance cost and service
6. Foster long-term relationship

Question 2

SC and Development chain includes:

Answer 2

1. Product design phase & research
2. Associated capabilities and knowledge
3. Sourcing decisions
4. Production plans

Question 3

Development chain components

Answer 3

1. Plan/Design
2. Source
3. Produce

Question 4

Supply chain components

Answer 4

1. Supply
2. Produce
3. Distribute
4. Sell