Flashcards: Supply Chain Fundamentals and Decision Strategies — 18 cards

Supply chain — definition?

Network of parties moving goods, info, money.

Goods and services flow — role?

Physical movement and transformation of products.

Information flow — mechanism?

Exchange of data for planning and coordination.

Financial flow — movement?

Payments and cash flows between parties.

Supply chain components — elements?

People, organizations, materials, info, finances.

Supply chain management — goal?

Optimize stakeholder value across the chain.

Supply chain functions — include?

Sourcing, transport, storage, production, sales.

Supply chain objectives — primary?

Meet demand, minimize costs, maximize service.

Constraints — internal or external?

Both; e.g., capacity (internal), regulations (external).

Supply chain partners — examples?

Suppliers, manufacturers, distributors, retailers, customers.

Decision levels — types?

Strategic, tactical, operational.

Aggregate planning — purpose?

Balance capacity with forecast demand.

Chase strategy — approach?

Match production to demand each period.

Level strategy — approach?

Maintain steady production and workforce.

Supplier selection — method?

Multicriteria decision analysis.

AHP — what?

Analytic Hierarchy Process for ranking options.

AHP steps — include?

Criteria, pairwise comparisons, weights, scores.

AHP consistency — check?

Calculate CI and compare to threshold.