supply chain and production (final) Flashcards

1
Q

what does supply chain include?

A
  1. logistics
  2. production
  3. purchasing
  4. operations
  5. marketing
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2
Q

define supply chain management

A

the integration and coordination of logistics operations, purchasing, and marketing activities from raw materials to end customer

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3
Q

strategic objectives through supply chain

A
  1. reduce costs->reduce prices
  2. applying quality control
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4
Q

what do supply chain and production affect?

A
  1. where to locate
  2. make or buy decisions
  3. global supply chain functions
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5
Q

factors of where to locate

A
  1. country factors
  2. technological factors
  3. product factors
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6
Q

explain country factors

A

1- location of production facility
2- based on cultural factors
3- factor costs within my country of location
4- political and economic factors

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7
Q

what are the factors of country factors?

A
  1. exchange rate within country
  2. Rules and regulations with respect to marketing
  3. transportation of product
  4. formal+informal barriers of trade
  5. my location economies
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8
Q

what are technological factors?

A
  1. fixed costs
  2. minimum efficiency scale
  3. flexible manufacturing and mass customization
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9
Q

what are product factors?

A
  1. product features
  2. locating my production facility
  3. strategic reason for the facility
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