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What is the definition of supply chain integration?
Supply chain integration is the integration of processes within a traditional supply chain. An example of this would be when consumers become co-producers of a product.
Innovation in supply chain management?
The innovation in supply chain management has the 3 cycles in sourcing. These are Design for assembly,Design for manufacture, Design for product serviceability, Design for environment,Design for Six Sigma.
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 supply chain engineering?
Supply Chain Engineering is to make and execute supply chain processes.ANDTo make a schematic plan from supplier's supplier to the customer's customer and manage / execute the plan.
Micro match supply in supply chain management?
Micro-matching supply
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.
What is the definition of supply chain integration?
Supply chain integration is the integration of processes within a traditional supply chain. An example of this would be when consumers become co-producers of a product.
What is meant by Strategic Supply Chain Management?
Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.
What are the 3 principle flows of a supply chain?
Supply chain management flows can be divided into three main flows:The product flowThe information flowThe finances flowThe product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs. The information flow involves transmitting orders and updating the status of delivery. The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.
What is a quality supply chain?
A quality supply chain is what companies will address in managing quality assurance in the manufacturing of a product. If there is an error or poor product, investigation is necessary and correction can be immediate.
Why do you choose supply chain?
A supply chain eases the manufacturing, production, shipping, and selling of a product because it distributes the work to different places.
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 a supply chain and who is involved in it?
A supply chain is all of the companies and people involved in producing or manufacturing a product, placing it in a retail store, and then getting it to the customer. The supply chain would be a total of all parties involved in this.
What is the role of supply chain manager?
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
What is the role of a supply chain manager?
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
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
What does supply chaining mean?
Supply chain means, a chain of supply frow raw material to final product or to consumer. For example: Hides -> tanning -> cutting -> manufacturing -> leather bags -> consumer.
