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Flashcards in Lecture 1 Deck (4)
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1

Supply Chain Definition (components)

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

2

SC and Development chain includes:

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

3

Development chain components

1. Plan/Design
2. Source
3. Produce

4

Supply chain components

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