Learning Blocks - SCM Principles 2 Flashcards
1
Q
What are Supply Chains?
A
Supply Chains are the flow of materials, information and finances as they move in all directions from supplier to manufacturer to wholesaler to retailer to consumer
2
Q
What is the key driver of the Supply Chain?
A
Customer Demand
3
Q
Demand management?
A
It is the process by which manufacturers are able to recognize demand through forecasting and customers orders
4
Q
What is a constant challenge/battle?
A
Balancing supply with demands
5
Q
Balance between supply and demand can be improved by two ways?
A
Internally and externally
6
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Add question card test 6
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Adding answer card test 6
7
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Add question card test 7
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8
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Adding answer card test 8
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9
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Adding answer card test 9
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Adding answer card test 9
