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Test bank For Supply Chain Management 6th Edition by Bowersox
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Test bank For Supply Chain Management 6th Edition by Bowersox
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Test bank For Supply ChainManagement 6th Edition by Bowersox
Supply Chain - ANSconsists of all parties involved, directly or indirectly, in the procurement of a
product or raw material
Supply Chain Management (SCM) - ANSinvolves the management of information flows between
and among stages in a supply chain to maximize total supply chain effectiveness and
profitability
Operations Management - ANSForecasting, Capacity Planning, Scheduling, Maintaining
inventory, assuring quality, and motivating and training
Factors that add Value by OM decisions - ANSCost, Quality, Delivery, Flexiility, and Service
Three Main Links of Supply Chain - ANS1. Materials flow
2. Transformation of materials into products
3. Distribution
"Classic" Supply Chain - ANSSuppliers => Manufacturer => Wholesalers/Distributors =>
Retailers => Customers
Five Basic Supply Chain Management Components - ANS1. Plan 2. Source 3. Make 4. Deliver
5. Return
Plan - ANSstrategic portion of supply chain management
Source - ANScompanies carefully choose reliable suppliers that will deliver goods and services
required for making products
Make - ANSstep where companies manufacture their products
Deliver (Logistics) - ANSset of proceses that plans for and controls the efficient and effective
transportation and storage of suppliers to customers
Return - ANScomapnies must create a network for receiving defective and excess products and
support customers who have problems with delivered products
Supply Chain Visibility - ANSability to view all areas up and down the supply chain
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