Intro Flashcards
1
Q
What does Supply Chain consist of? (5)
A
Flow of products and services from: Raw materials Component/intermediate manufactures Final product manufactures Wholesalers, distributors, and retailers Cutomer
2
Q
Supply Chain is connected by
and is integrated through?
A
- Transportation and storage activities
- planning and information sharing
3
Q
Who drives supply chain?
A
Customer
4
Q
What is Supply chain?
A
Buy(supply), Make (operations), Ship(logistics), Integrate (coordinate)
5
Q
What are the END PRODUCT manufactures and seen as the anchor of supply chain?
A
Focal Firms
6
Q
What is the Bullwhip effect?
A
forecasting safety stock and production problem
7
Q
What does the bullwhip affect refer to?
A
ineffective communication b/w buyers & suppliers; based on poor forecast (business guess) that results in too little/too much inventory
8
Q
Variability increases _____ as you move up the supply chain on the Bullwhip effect…
A
Exponentially
