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What is the difference between intermediaries and retailers?
Intermediaries are entities that act as middlemen in the distribution process, facilitating the movement of goods from producers to consumers. They can include wholesalers, agents, and brokers, whereas retailers are specific types of intermediaries that sell products directly to the end consumers. While all retailers are intermediaries, not all intermediaries are retailers, as some may operate further up the supply chain. Essentially, retailers focus on the final sale to consumers, while intermediaries may handle various stages of product distribution.
What are elements of supply chain?
the six key elements of supply chain are 1)Production 2)Supply •3)Inventory •4)Location •5)Transportation • •6)Information
When customer driven supply chain management is not useful?
A customer driven supply chain isn't useful if it isn't effective. If a supplier can't get supply products customers need, then it isn't useful.
Is a merger between firms operating at different but related levels in the production and marketing of a product?
Yes, a merger between firms operating at different but related levels in the production and marketing of a product is known as a vertical merger. This type of merger typically involves companies that are at different stages of the supply chain, such as a manufacturer merging with a distributor. Vertical mergers can lead to increased efficiency, reduced costs, and improved control over the supply chain, ultimately benefiting both companies and their customers.
What are market drivers in supply chain management?
Market drivers in supply chain management are external factors that influence demand and supply dynamics within a market. These can include consumer preferences, economic conditions, technological advancements, and regulatory changes. Understanding these drivers allows companies to adapt their strategies, optimize inventory management, and enhance responsiveness to market fluctuations. Ultimately, effectively responding to market drivers can lead to improved competitiveness and customer satisfaction.
What part do retailers play in the supply chain?
The part retailers play in the supply chain is selling products to consumers. The retailer is the middle man between the manufacturer and the consumer of the product.
Where can one locate the high pay job as supply chain manager?
To find jobs as a supply chain manager, one should visit stores that offer these roles. Most companies such as retailers, government agencies and technology firms offer these openings.
Why do retailers now have the power in the supply chain?
To Control their own company
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.
Manufacturing and supply chain in international business?
Manufacturing and supply chain in international business are by far the largest companies employing logicians.
What is the link between inventory and supply chain management?
In order to keep an accurate inventory, you must have a well managed supply chain. The supply chain is what "feeds" a companies inventory. They are directly related.
What is chain of distribution?
The chain of distribution is the avenue by which products reach retail shelves. It consists of trucking companies, wholesalers, and retailers.
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.
How is RFID related to the supply chain?
RFID (radio frequency identification microchip) is related to the supply chain because it allows companies to track any box or pallet at each stage of its supply chain. Companies can find out what the product is, where it is from (manufacturer), etc. It improves the efficiency of a supply chain because a whole pallet can be scanned instead of each individual item (bar code).
What is meant by supply chain mapping?
Supply chain mapping is the method to capture existing business process and performance across various organization from upstream raw material producers to downstream retailing companies. Visualization of business process is the key to determine how to improve operations and how to increase coordination among different parties in the same supply chain. The result of good supply chain mapping can be reduction of lead-time or delivery time or cost reduction.
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.
What companies use sales force automation?
Every Companies' sales team that interacts with dealers or Vendors, Distributors and Retailers there are several challenges to manage people in sales services and Marketing. Now it's easy to increase your visibility at sales & stock across the supply chain management.
