The Supply Chain

Question 1

supply chain

Answer 1

the sequence of processes involved in the production and distribution of a product

Question 2

supply chain management

Answer 2

1. resource required are X on hand then X can be produced

2. resources are of inferior quality = difficult/ costly to replace products

Question 3

Sourcing

Answer 3

businesses must be careful how/where to source its materials and supplies.

Question 4

PROs of Sourcing

Answer 4

▲ manufacturing capacity

supplies = cheap due to ▼ labour costs and ▲ access to raw materials

Question 5

CONs of Sourcing

Answer 5

• quality issues = time consuming and costly to fix

- communication issues

Question 6

Sustainable Supply Chain

Answer 6

• distance to supply chains
• pricing comparisons w other suppliers
• consistently in quality

Question 7

distribution channels

Answer 7

used to distribute products to consumers

eg. wholesalers, retailers, internet

Question 8

direct distribution

Answer 8

a strategy in which a producer/manufacturer delivers products directly to consumers

Question 9

interest distribution

Answer 9

selling wholesale to agents or retailers so they can distribute the product for you.

Question 10

difference b/w supply chain and distribution channel

Answer 10

supply chain : materials ☞ business

distribution channel : business ☞ customers