A Definition of Supply Chain Management Types of Flow in Supply Chain Management There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. Show
Supply Chain Management Software Systems
Supply chain management is key to managing the flow of products, information, and finances. Effective supply chain management improves product quality and order turn-around times. Supply chain management professionals also ensure streamlined operations that keep costs to a minimum. Top supply chain managers mitigate risks and give businesses a
competitive edge in the marketplace by utilizing supply chain management software.
Images via Flickr by Nick Saltmarsh and ganderssen1 Which of the following could reduce distribution risk?Which of the following could reduce distribution risk? Careful selection, monitoring and effective contracts with penalties.
Which three criteria should be considered when designing distribution networks to meet customer expectations?Designing distribution networks to meet customer expectations suggests three criteria: (1) rapid response, (2) product choice, and (3) service.
What three logistics related costs are relevant when analyzing the choice of number of facilities in a distribution network quizlet?As the number of facilities increases, total logistics costs tend to follow a curve that first rises, then declines. Designing distribution networks to meet customer expectations suggests three criteria: (1) rapid response, (2) cost, and (3) service.
Which sourcing strategy is particularly common when the products being sourced are commodities?Many Supplier Strategy: Is commonly used for commodity products. Purchasing is typically based on price and suppliers compete with one another. The supplier is responsible for technology, expertise, forecasting, cost, quality, and delivery.
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