Session 1: Basics Flashcards
What is a Supply Chain ?
SC = Supply Chain = From the raws material to the consumer who is buying the product/service.
What is the difference between Logistic Chain and Supply Chain ?
On ne cherche à optimiser pas une seule des étapes de la chaîne par étape (Chaîne logistique) mais toute la chaîne ensemble (SCM).
What are the different flowings in the Supply Chain ?
The different flowings :
= Goods / Data / Information (from the suppliers to the customers)
= Money / Data / Information (from the customers to the suppliers)
How do you calculate the SC Surplus ?
What is the equation between SC Surplus/SC Revenue and SC Cost ?
SC Surplus = SC Revenue – SC Cost
What is a Pull strategy ? Can you give some exemples ?
Pull : Ex : t-shirt coton vert /1 Million T-shirt / Concierge / Grand public (Zara)
What is a Push strategy ? Can you give some exemples ?
Push : Ex: Wedding Dress / Hotel / Luxury
What is the push/pull boundary ?
The push/pull boundary is…
What are the Advantages and Inconvenients of the Pull strategy ?
Less loss / Less inventory
Customers can design whatever they want
Cost higher for the customer
The customer will wait for the product
If you only have 1 order, you will not produce
What are the Advantages and Inconvenients of the Push strategy ?
+ d’économie d’échelle
The product is already ready for the customer
You decide where you’re product -> + control
Maybe the product will not be sold (for the company) -
What are 4 different cycles in a supply chain ?
The 4 different cycles:
1) Customer order cycle
2) Replenishment cycle
3) Manufacturing cycle
4) Procurement cycle
What are the three key supply chain decision phases ?
The 3 supply chain decision phases :
1) Strategic/Design decisions
2) Planning decisions
3) Operational decisions
