supply chain and production (final) Flashcards
1
Q
what does supply chain include?
A
- logistics
- production
- purchasing
- operations
- marketing
2
Q
define supply chain management
A
the integration and coordination of logistics operations, purchasing, and marketing activities from raw materials to end customer
3
Q
strategic objectives through supply chain
A
- reduce costs->reduce prices
- applying quality control
4
Q
what do supply chain and production affect?
A
- where to locate
- make or buy decisions
- global supply chain functions
5
Q
factors of where to locate
A
- country factors
- technological factors
- product factors
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
7
Q
what are the factors of country factors?
A
- exchange rate within country
- Rules and regulations with respect to marketing
- transportation of product
- formal+informal barriers of trade
- my location economies
8
Q
what are technological factors?
A
- fixed costs
- minimum efficiency scale
- flexible manufacturing and mass customization
9
Q
what are product factors?
A
- product features
- locating my production facility
- strategic reason for the facility