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[SCM] Quiz 1

TermDefinition
Inbound Logistics [VC-COM] Availability of raw materials, warehousing, and distribution (essentially anything in your supply chain)
Operations [VC-COM] Creating products from raw materials
Outbound Logistics [VC-COM] Delivery of products to customers, including warehouse, transportation, and distribution.
Marketing & Sales [VC-COM] All advertising and sales interactions and activities
Service [VC-COM] All forms of customer support interaction and brand credibility
[FHIP] Firm infrastructure, Human Resources Management, IT, and Procurement What are the Supporting Activities of a Value Chain?
Supply Chain a global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution and cash
Business Strategy A set of plans, actions, and goals on how a business competes.
Organizational Strategy A set of plans and actions for how the company functions in its environment
Supply Chain Strategy A plan for how the supply chain functions in its environment to meet business goals and strategies.
Mature Market What is the market if: supply exceeds demand?
Developing Market What is the market if: new markets, new product demands causing low in demand though testable, supply are low.
Steady Market What is the market if: established market, balanced demand and supply?
Growth Market What is the market if: demand exceeds supply.
Design-for-Efficiency [DESIGN] SCs are coined by lean and agile principles. The key idea of such leagile operations and SC designs is to utilize the available resources at the highest possible degree of efficiency to avoid waste and maximize profitability.
Design-for-Resilience [DESIGN] o absorb unexpected, severe disruptions (e.g., natural disasters, fires at facilities, strikes, or pandemic outbreaks)
Design-for-Sustainability [DESIGN] sustainable supply chains are designed to reduce the negative impacts of manufacturing and logistics on nature and society (e.g., CO2 emissions or unfair labor conditions)
Ecology-Society-Economics What are the triple bottom line of Sustainable Supply Chains
New Product Development [STRAT] Creates Specifications for the Product
Marketing & Sales [STRAT] Generates demand by publicizing customer priorities to be satisfied bu the product, and brings customer back to NPD.
Operations [STRAT] Transforms input into output using new product specifications.
Services [STRAT] Makes interaction possible between customer and product
Strategic fit Refers to consistency between customer priorities that the competitive strategy hopes to satisfy and supply chain capabilities that the supply chain strategy aims to build.
Demand uncertainty the uncertainty of customer demand for a product
Implied demand uncertainty: The resulting uncertainty for only the portion of the demand that the supply chain plans to satisfy based on the attributes the customer desires.
Supply chain efficiency cost of making and delivering the product to the customer
Created by: RamRamRam
 

 



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