Supply Chain giugno-25 Flashcards
(47 cards)
What is a Supply Chain?
Network of organizations that transform raw materials into finished goods and deliver them to the final customer.
Define Supply Chain Management.
Planning coordination and control of material information and financial flows across the supply-chain network.
What are the three SC flows?
- Material flow
- Information flow
- Money flow
What is the typical range of SC logistics cost as a percentage of national GDP?
Usually ranges from eight to fifteen percent.
What does SCOR stand for?
Supply Chain Operations Reference model.
What are the five components of the SCOR model?
- Plan
- Source
- Make
- Deliver
- Return
What are the four planning questions in supply chain management?
- What to make
- How much
- Where
- When
Why is supply chain planning critical?
Because of uncertainty, constraints, complexity, and the need for optimisation.
Give examples of external demand uncertainty.
- Volatile customer orders
- Late supplier deliveries
What does the U-C matrix proxy represent?
Number of constraints such as suppliers, products, or BOM depth.
What is the focus of the low U-C quadrant?
Emphasis on mathematical optimisation of cost and service.
What are the two Fisher product categories?
- Functional products
- Innovative products
What are the traits of functional products?
- Predictable demand
- Long life-cycle
- Low margins
What is the functional strategy in supply chain management?
Lean physically efficient supply chain.
What are the traits of innovative products?
- Unpredictable demand
- Short life-cycle
- High margins
What is the innovative strategy in supply chain management?
Responsive agile supply chain.
What are innovative design choices in supply chain?
- Hold excess capacity
- Keep inventory near markets
What do the Hau Lee axes represent?
Process stability versus demand variability.
List the types of supply chains according to Hau Lee.
- Lean
- Responsive
- Risk-Hedging
- Agile
What characterizes a Responsive SC?
High demand variability with stable processes.
What characterizes an Agile SC?
High variability both upstream and downstream requiring flexibility and risk sharing.
What are the implications of global versus local supply chains?
- Longer lead times and multimodal transport
- Added customs and regulatory complexity
Define offshoring.
Relocating production or sourcing to low-cost foreign countries.
Define reshoring.
Bringing previously offshored production back home.