Flashcards: Fundamentals of Supply Chain Management — 24 cards

Supply Chain — definition?

Network of entities delivering products/services from origin to customer.

Supply chain flows — components?

Physical, information, and fund flows.

Closed-Loop Logistics — mechanism?

Includes product returns for recycling, remanufacturing, disposal.

Supply Chain Objectives — main goals?

Satisfy customer needs and generate profit.

Supply Chain Strategies — focus?

Sustainability, environmental, and social considerations.

Process Views — types?

Strategic, tactical, and operational decisions.

Responsiveness — vs — Efficiency?

Responsiveness prioritizes speed; efficiency prioritizes cost reduction.

Strategic Fit — meaning?

Aligning supply chain capabilities with competitive strategy.

Forecasting Techniques — purpose?

Predict future demand for planning and decision-making.

Location Strategies — examples?

Make-to-Stock, Assemble-to-Order, Configure-to-Order, MTO, ETO.

Purchasing Management — role?

Supports inventory, capacity sizing, and logistics planning.

Sustainable Supply Chain — goal?

Integrate environmental and social responsibility into SCM.

Supply Chain — functions within?

Product development, marketing, operations, distribution, finance, customer service.

Supply Chain Flows — operation?

Coordinate movement of goods, data, and payments.

Closed-Loop — focus?

Product returns, recycling, remanufacturing.

Supply Chain — primary purpose?

Maximize profitability through efficient flow management.

Sustainable SCM — key activities?

Green sourcing, eco-friendly manufacturing, circular economy.

Process Views — segmentation?

Cycle view and push/pull view.

Responsiveness — characteristic?

High flexibility, quick delivery, higher costs.

Efficiency — characteristic?

Cost minimization, longer lead times, economies of scale.

Strategic Fit — importance?

Ensures supply chain supports competitive strategy.

Forecasting — horizons?

Short-term, medium-term, long-term.

Location Strategies — impact?

Affect responsiveness, cost, and service levels.

Purchasing — decision?

Based on demand forecasts, inventory, and capacity needs.