Learning Block 1 - SCM Principles Flashcards
1
Q
What is Supply Chain Management?
A
It is about balancing supply and demand
2
Q
What is S&OP?
A
Sales and Operations Planning
3
Q
What CPFR stands for?
A
It stands for Collaborative Planning, Forecastings and Replenishment.
4
Q
Demand planning
A
The first link or function in a company to begin the Supply Chain Planning Process
5
Q
Demand includes…
A
Demand forecasting, demand planning and the collaboration required by departments in a company
6
Q
What is the key driver of Supply Chain?
A
Demand
