Lecture 1 Flashcards
(4 cards)
1
Q
Supply Chain Definition (components)
A
- Network
- Information must flow
- Coordination is essential
- Avoid conflicting objectives
- Balance cost and service
- Foster long-term relationship
2
Q
SC and Development chain includes:
A
- Product design phase & research
- Associated capabilities and knowledge
- Sourcing decisions
- Production plans
3
Q
Development chain components
A
- Plan/Design
- Source
- Produce
4
Q
Supply chain components
A
- Supply
- Produce
- Distribute
- Sell