chap 2 Flashcards
What is a supply chain?
it consists of all parties involved, directly or indirectly, in fulfilling a customer request - product or service
a physical supply chain includes?
suppliers, manufacturers, distributors, retailers, transporters and customers
What Provide raw materials, components?
suppliers
What make a product and/or deliver a service?
manufacturer
What take inventory in bulk from manufacturers and deliver product lines to retailers?
distributor
What stock inventories and sell in smaller quantities to customers?
retailers
What move raw & finished materials to and from the players in the supply chain?
transporters
which supply chain process
“design and develop goods and services to fulfill customer requests”?
create
which supply chain process “procure goods and services to meet planned or actual demand”?
source
which supply chain process “transform product to a finished state to meet planned or actual demand”?
make
which supply chain process “transport goods and services to meet planned or actual demand”?
move
which supply chain process “storing and managing raw materials, work in process and finished goods”?
store
which supply chain process “ associated in marketing and selling the goods and services to customers”?
market and sell
which supply chain process “returning or receiving returned products for any reason. These processes extend into post-delivery customer support”?
return and service
what support processes in supply chain decisions?
Finance, accounting, information technology and human resources
What is the output for the product?
Tangible