scm chapter 1

Question 1

10 OBJECTIVES OF SCM

Answer 1

1. COST REDUCTION
2. IMPROVED EFFICIENCY
3. ENHANCED INVENTORY MGT
4. FLEXIBILITY AND RESPONSIVENESS
5. OPTIMIZED INVENTORY MGT
6. COLLABORATION AND COMMUNICATION
7. SUSTAINABILITY AND SOCIAL RESPONSIBILITY
8. RISK MGT
9. CONTINUOUS IMPROVEMENT
10. STRATEGIC ALLIGNMENT

Question 2

3 KEY PARTS OF SC

Answer 2

1. SUPPLY
2. MANUFACTURING
3. DISTRIBUTION

Question 3

6 COMPONENTS OF SC

Answer 3

1. SUPPLIERS
2. MANUFACTURERS/PRODUCERS
3. DISTRIBUTORS/WHOLASALER
4. RETAILERS
5. CUSTOMER/CONSUMERS
6. LOGISTICS AND TRANSPORTATION

Question 4

7 BARRIERS TO SCM

Answer 4

1. LACK OF VISIBILITY
2. INEFFICIENT COMMUNICATION
3. SUPPLIER RISKS
4. TECHNOLOGICAL CHALLENGES
5. GLOBALIZATION
6. INCREASING CUSTOMER EXPECTATIONS
7. SUSTAINABILITY CONCERNS

Question 5

5 IMPORTANCE OF SCM

Answer 5

1. COST EFFICIENCY
2. IMPROVED CUSTOMER SERVICE
3. ENHANCED COLLABORATION
4. INVENTORY MANAGEMENT
5. RISK MITIGATION