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LSCM > Chapter 3 LSCM > Flashcards

Chapter 3 LSCM Flashcards

1
Q

consists of the series of activities and organizations that materials move through on their journey from initial suppliers to final customers

A

Supply Chain

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2
Q

The simplest view of a supply chain has a __________________ through a ______________, each of which somehow ________ to the product

A
  • single product moving
  • series of organizations
  • adds value
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3
Q

activities in front of it - moving materials inwards

A

upstream

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4
Q

those after the organization - moving materials outwards

A

downstream

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5
Q

A supplier that sends materials directly to the operations is a ______

A

First Tier Supplier

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6
Q

One that send materials to a first tier supplier is a _____________

A

Second Tier Supplier

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7
Q

One that sends materials to a second tier supplier is a ______________, and so on back to the original sources

A

Third Tier Supplier

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8
Q

Upstream activities

A

Activities in a supply chain
* Initial supplier
* Third tier supplier
* Second tier supplier
* First tier supplier
* Organization

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9
Q

Downstream activities

A

Activities in a supply chain
* Organization
* First tier customer
* Second tier customer
* Third tier customer
* Final customer

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10
Q

In practice, most organizations get materials from many __________ and _______ to many different _________

A
  • different suppliers
  • sell products
  • customers
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11
Q

Then the supply chain converges as _________ move in through the ____________ and diverges as ________ move out through ____________

A
  • raw materials
  • tiers of suppliers
  • products
  • tiers of customers
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12
Q

A manufacturer might see ____________ as first tier suppliers, ___________ as second tier suppliers, ___________ as third tier suppliers, and so on.

A
  • sub-assembly providers
  • component makers
  • materials suppliers
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13
Q

It might see __________ as first tier customers, ________ as second tier customers, and ___________ as third tier customers

A
  • wholesalers
  • retailers
  • end users
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14
Q

Supply chain around a manufacturer

A
  • Materials suppliers - Third tier supplier
  • Component makers - Second tier supplier
  • Sub-assembly providers - First tier supplier
    Manufacturer
  • Wholesalers - First tier customers
  • Retailers - Second tier customers
  • End Users - Third tier customers
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15
Q

Each product has its ________ and there is a _____________

A
  • own supply chain
  • huge number of different configurations
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16
Q

Supply chains are so __________ that you might wonder if there is some way of ____________

A
  • complicated
  • avoiding them
17
Q

Sometimes this is possible, when we move products directly from ___________ to _______________

A
  • initial producers
  • final customers
18
Q

In general, there are very ___________ for having a _______________

A
  • good reasons
  • longer supply chain
19
Q

Supply chains exist to ____________ created when suppliers are some distance away from customers

A
  • overcome the gasps
20
Q

They allow for operations that are _________ or can only ______ at locations that are _______ from customers or sources of materials

A
  • best done
  • be done
  • distant
21
Q

Without a wholesaler

A
  • Factories
  • 32 routes
  • Customers
22
Q

With a wholesaler

A
  • Factories
  • 4 routes inwards
  • Wholesaler
  • 8 routes outward
  • Customers
23
Q

Benefits of supply chains
Producers locate operations in the ________, regardless of the ______________ of their ___________

A
  • best locations
  • locations of their customer
24
Q

Benefits of supply chains
By concentrating operations in __________, producers can get __________________

A
  • large facilities
  • economies of scale
25
Q

Benefits of supply chains
Producers do not keep _________ of __________, as these are held ______________ the supply chain nearer to ___________

A
  • large stocks of finished goods
  • further down
  • customers
26
Q

Benefits of supply chain
Wholesalers place ________ and producers pass on _________ in price discounts

A
  • large orders
  • lower unit costs
27
Q

Benefits of supply chain
Wholesalers _________ from many suppliers, giving retailers a ______________

A
  • keep stocks
  • choice of goods
28
Q

Benefits of supply chain
Wholesalers are _______ to retailers and have _____ lead times

A
  • near
  • short
29
Q

Benefits of supply chains
Retailers carry ________ as wholesalers provide _________ deliveries

A
  • less stock
  • reliable
30
Q

Benefits of supply chains
Retailers can have ________ operations, giving a ________ service near to customers

A
  • small operations
  • responsive
31
Q

Benefits of supply chains
Transport is ________, with fewer, larger deliveries _______ costs

A
  • simpler
  • reducing
32
Q

Benefits of supply chains
Organizations can develop _______ in specific ______

A
  • expertise
  • types of operation

LSCM (4 decks)

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