7.1 Supply Chain Systems

Question 1

What is the Supply Chain?

Answer 1

Journey a product travels, from raw material to the customer

Question 2

What is involved in the Supply Chain’s pipeline?

Answer 2

Procurement of materials
Transformation of materials
Distribution of the products
Eventual disposal of the product

Question 3

What is logistics?

Answer 3

Process of planning, implementing, and controlling efficient and effective flow and storage of goods, services and related information from point of origin to point of consumption for purpose of conforming to customers requirements

Question 4

Describe the importance of the Supply Chain

Answer 4

Competitive advantage
Low costs
Reliability
Quality
Speed to market
Quick response

Depends on how well supply chain is aligned and managed

Question 5

Describe the variety perspective of the Supply Chain

Answer 5

Type of supply chain varies depending on the products (e.g. Fresh perishable foods compare with technology products)

Question 6

Describe the typical Supply Chain

Answer 6

1. Raw materials
2. Supplier
3. Manufacturer
4. Distributor
5. Retailer
6. Consumer