supply chain chapter 1,2,3 Flashcards
(41 cards)
What is a supply chain?
A supply chain manages the flow of materials, information, and funds across different players.
List the three flows in a supply chain.
- Goods Flow: Raw materials → Work in progress → Finished goods
- Information Flow: Orders, dispatch advice, demand forecasts
- Funds Flow: Payments from end consumers to suppliers
What is the reverse flow in a supply chain?
Returns (defective products, packaging, equipment, customer feedback).
What triggers a supply chain based on product supply?
Push Strategy: Products are produced in advance.
What triggers a supply chain based on customer demand?
Pull Strategy: Production starts after an order is placed.
What does the SCOR Model define?
Five key supply chain functions.
List the five key functions in the SCOR Model.
- Plan: Demand forecasting & balancing supply and demand
- Source: Procuring raw materials & services
- Make: Efficient manufacturing processes
- Deliver: Logistics & distribution management
- Return: Handling defective products & recycling
What is the goal of planning in supply chain management?
To align with financial strategies to optimize supply chain performance.
What is a simple supply chain structure?
Supplier → Company → Customer.
What is an extended supply chain structure?
Supplier’s supplier → Supplier → Company → Customer → Customer’s customer.
Who are distributors in the supply chain?
They buy in bulk and supply product assortments.
True or False: Wholesalers serve industries like hotels and restaurants.
True.
What are the challenges in supply chain dynamics?
- Inventory Management: Avoiding overstocking & shortages
- Bullwhip Effect: Small changes in demand cause large supply fluctuations.
What are best practices to improve supply chain performance?
- Improved communication
- Accurate forecasting
- Reduced lead times
What key learning points are derived from the Beer Game Simulation?
- Human factors influence supply chain performance
- Collaboration prevents inefficiencies
- Outsourcing improves performance
What are the 1st Tier Suppliers for Samsonic Mobile Inc.?
- AMOLED screens from China
- Processors from South Korea
- Lithium-ion batteries from Taiwan
What are the 2nd Tier Suppliers for Samsonic Mobile Inc.?
- Cobalt from DRC
- Lithium from Chile
Where is manufacturing and assembly for Samsonic Mobile Inc. done?
Smartphones in Vietnam, accessories in Mexico.
What are the distribution centers for Samsonic Mobile Inc.?
- Thailand (corporate clients & resellers)
- Germany (retailers & telecom providers)
What are the sustainability challenges faced by Samsonic Mobile Inc.?
- Unethical sourcing
- High carbon footprint
- Electronic waste
What solutions are proposed for sustainability challenges?
- Certified mining
- Renewable energy use
- Recycling programs
- Optimized logistics
What does sourcing involve?
Selecting and managing suppliers over time.
What are the two types of sourcing groups?
- Direct Items – Essential for product manufacturing
- Indirect Items – Support business operations
List the steps in the purchasing process.
- Pre-Order: Need specification, sourcing, tendering, negotiation, selection
- Post-Order: Contracts, order handling, delivery tracking, payment & performance evaluation
