chapter 1 challenges of modern day logistics and supply chains

Question 1

define supply chain management

Answer 1

supply chain management is the umbrella term used for all the processes from procurement of raw materials untill the finished goods reaches the end consumer

Question 2

what are the boundaries and relationship of supply chain management

Answer 2

It includes all of the logistics management activities , as well as manufacturing operations, and it drives coordination of processes and activities with and across marketing, sales, product design, finance, and information technology.

Question 3

three levels of decision making in supply chain

Answer 3

1.strategic: corporate decisions that affect the whole organization.
2. tactical: measure to create cost benefits such as negotiating a price with a certain supplier.
3: operational: daily decisions that how products move through the supply chain.

Question 4

define logistics

Answer 4

logistics deals with the movement and storage of goods.include warehousing , reverse logistics , freight forwarding and management of third party providers.Logistics management is that part of supply chain management that plans, implements
and controls the efficient, effective forward and reverse flow and storage of
goods, services and related information between the point of origin and the point of
consumption in order to meet customers’ requirements.

Question 5

what are the boundaries and relationship of logistics

Question 6

three levels of logistics decision making

Answer 6

strategic; how logistics management decisions impact the organization as a whole.
structural: such as number of warehouses or what products should be produced.
implementation:

Question 7

challenges of modern day supply chain management

Answer 7

1. greater uncertainty of demand.
2. shorter product life cycles.
3. greater demand for mass customization.
4. seasonality of demand.
5. fewer warehouses.
   6.more third party logistics providers.

Question 8

misras characteristics of modern day supply chains managers.

Answer 8

1. integration between all partners.
2. integration between e commerce and mobile commerce
3. integration of global performance management.
4. customer centric approach
5. synchronization of entire supply chain
6. agility
7. Web-enabled technologies that speed the flow of information and
   decision-making across the supply chain
8. coordination
9. Distributed Information Management Systems (DIMS