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- What are the 5 basic components of supply chain management?Which of the following is not one of the 5 basic components of supply chain management?What is supply chain management SCM )? Quizlet?Which of the following is not one of the five basic components of supply chain management plan Source cost deliver?
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Components: A supply chain is the flow of materials, information, money, and services from raw material suppliers, through factories and warehouses, to the end customers. A supply chain involves three segments: upstream, where sourcing or procurement from external suppliers occurs; internal, where packaging, assembly, or manufacturing takes place;
and downstream, where distribution takes place, frequently by external distributors.
Flows in the supply chain: material flows, which are the physical products, raw materials, supplies, and so forth; information flows, which consist of data related to demand, shipments, orders, returns, and schedules, as well as changes in any of these data; and financial flows, which involve money transfers, payments, credit card information and authorization, payment schedules, e-payments, and
credit-related data
Two major challenges in setting accurate inventory levels throughout a supply chain are the demand forecast and the bullwhip effect. Demand for a product can be influenced by numerous factors such as competition, prices, weather conditions, technological developments, economic conditions, and customers' general confidence. The bullwhip effect refers to erratic shifts in orders up and down the supply chain.
The most common solution to
supply chain problems is building inventories as insurance against SC uncertainties. Another solution is the just-in-time (JIT) inventory system, which delivers the precise number of parts, called work-in-process inventory, to be assembled into a finished product precisely the right time. The third possible solution is vendor-managed inventory (VMI), which occurs when the vendor, rather than the retailer, manages the entire inventory process for a particular product or group of
products.
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What are the 5 basic components of supply chain management?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.Which of the following is not one of the 5 basic components of supply chain management?
Sales is not one of the five basic components of supply chain management. The Supply Chain Operations Reference model is comprised of six components: Plan, Source, Make, Deliver, Return, and Enable.What is supply chain management SCM )? Quizlet?
Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. Operations Management. Forecasting, Capacity Planning, Scheduling, Maintaining inventory, assuring quality, and motivating and training.Which of the following is not one of the five basic components of supply chain management plan Source cost deliver?
The five basic components of supply chain management are Plan, Source, Make, Deliver and Return. Hence, "cost" is not one of the five basic components of supply chain management. Tải thêm tài liệu liên quan đến nội dung bài viết What are the 5 basic components of a supply chain management SCM system quizlet?