Module1 Flashcards
(10 cards)
What are the major supply chain challenges in 2024?
- Inflation
- unpredictable consumer demand
- changing consumer expectations
- digital transformation
- capacity constraints
- poor infrastructure
- global political friction
What were some recent transport route disruptions?
- Panama Canal faced low water levels
- Suez Canal saw a significant disruption due to the Ever Given in 2021
What role does the Suez Canal play in global trade?
- accounts for 12% of global trade
- heavily impacted by attacks in 2023 and subsequent ship diversions
What are the phases of supply chain management?
The four phases are:
- Design
- Plan
- Operate
- Control
What is the SCOR model?
The Supply Chain Operations Reference (SCOR) model defines supply chain processes:
- Plan
- Source
- Make
- Deliver
- Return
What is the ‘push/pull’ view in supply chains?
- In the pull process, execution is based on customer orders (reactive)
- In the push process, execution is based on forecasts (speculative)
What are the primary flows in a supply chain?
The main flows moving between suppliers and customers:
- products
- information
- funds
- intellectual properties
What are the key metrics for measuring supply chain performance?
- Order accuracy rate
- On-time delivery
- Inventory turnover
- Order cycle time
What is the postponement strategy?
Postponement delays product differentiation to the latest possible point, keeping products generic until necessary customization.
What are the supply chain trends identified by CEOs in 2024?
- Right shoring
- AI integration
- concerns about human rights and decarbonization
