Unit 1.3.10 Suppliers + The Supply Chain Flashcards
(11 cards)
1
Q
Suppliers
A
- Individuals/businesses
- Provide the resources required
- To produce goods/services
2
Q
Supply chain
A
- The network of individuals/businesses
- Involved in producing + distributing a good/service
- To customers
3
Q
Inputs
A
- The raw materials/other resources
- Used by a business
- To produce goods + services
4
Q
Outputs
A
- The final goods + services
- Provided to customers
5
Q
What does the supply chain include?
A
- Suppliers
- Manufacturers
- Wholesalers
- Retailers
- Customers
6
Q
Wholesalers
A
- Businesses that store + distribute
- Manufactured goods to retailers
7
Q
Retailers
A
- Businesses that purchase goods from a wholesaler
- And resell them to customers
8
Q
Sourcing considerations
A
- Time
- Shipping costs
- Social responsibility
- Access to resources
- Legal regulations
9
Q
Retrieving considerations
A
- Road transport (local only)
- Air transport
- Rail transport
- Sea transport
10
Q
Import duty
A
- A tax
- Paid on imports
- Which travel from one country to another
11
Q
Strategies businesses can use to plan to optimise their supply chain
A
- Entering into long-term contracts with suppliers
- Sourcing resources + products locally
- Creating a mix of locations of factories + warehouses
