prelim Flashcards
1
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the management of flow of products and services which begins from the origin of products and ends at the product’s consumption
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supply chain management
2
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comprises movement and storage of raw materials
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supply chain management
3
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the magnification of safety stocks and costs based on separate forecasts
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bullwhip effect
4
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interdependent activities can lead to improved quality, etc
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process integration
5
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help in identifying cost-saving opportunities
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cost reduction
6
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important elements of supply chain management
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purchasing
operations
distribution
integration
7
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ensures that products or available when consumers needed them
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enhanced customer satisfaction
8
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reduces lead times and optimizes processes
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improved efficiency
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