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What is the flow of supply chain?

Updated: 9/27/2023
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Q: What is the flow of supply chain?
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Describe the various stages in the supply chain and the different flows involved in availing this product?

Supply Chain is the management of flows. There are Five major flows in any supply chain : product flow, financial flow, information flow, value flow & risk flow. The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs.


Diffenrences between supply management and supply chain management?

Supply management are the methods of modern corporate or institutional buying. Supply chain management is the management of the flow of goods, including raw materials, inventory and finished goods.


What is the role of information in supply chain management?

Supply chain management is a complex process that requires information sharing between multiple parties. The role of information in supply chain management is to provide the necessary data to make decisions and ensure the flow of goods.


What are the essential components of a typical supply chain management process?

Supply chains and supply networks both describe the flow and movement of materials & information, by linking organisations together to serve the end-customer.'Network' describes a more complex structure, where organisations can be cross-linked and there are two-way exchanges between them; 'chain' describes a simpler, sequential set of links (Harland et al., 2001)A supply chain network shows the links between organisations and how information and materials flow between these links.Material flow: Is the movement of goods from raw primary goodsInformation flow: Is the demand from the end-customer to preceding organisations in the network.


What is Green supply chain?

Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.


Is logistic a part of supply chain management or supply chain is the part of logistic?

logistics is a part of supply Chain Management


Necessity and objectives of SCM?

Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability


How does one optimize supply chain visibility?

One can optimize supply chain visibility by using a Sterling Supply Chain Visibility from IBM. This type of supply chain will help to optimize it quite nicely.


What is the disadvantage of supply chain management?

One disadvantage of supply chain management is the increased complexity and coordination required among different entities involved in the supply chain, which can lead to higher costs and potential delays in the delivery of goods. Additionally, disruptions in the supply chain, such as natural disasters or political instability, can have ripple effects that impact the entire chain.


What is structured supply chain?

SUPPLY


When was NHS Supply Chain created?

NHS Supply Chain was created in 2006.


How have recent advances made supply chain information technology systems more effective?

the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive. the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive.