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Quiz > Supply Chain Management > Flashcards

Supply Chain Management Flashcards

1
Q

The concept of the blank..variesfrom that of thr conventional logistics concepts.

A

Supply chain management

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2
Q

Is a line up companies that markets good or service

A

Supply chain

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3
Q

Supply chain management itegrates stakeholder integration between clients and the provider

A

Integrated behavior

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4
Q

In particular for planning and surveillance processes,an efficient SCM exchange information between channel participants is needed.

A

Mutual sharing information

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5
Q

Effective SCM often includes reciprocal channels risks and incentives to hae competitive benefit.

A

Mutual sharing channel risks and rewards

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6
Q

The successful SCM requires cooperation between the channel participants.

A

Cooperation

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7
Q

Supply chain is effective where all supply chain members serve consumers with the same objective and concentration.

A

Focus service customers

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8
Q

Implementing SCM requires the convergence of system from the supply chain to product to delivery.

A

Integration process

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9
Q

The objective of successful partnership is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that makes partners more efficient at lower costs.

A

Partner to build and maintain long term relationships

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10
Q

9benefitsof supply chain management

A

1.Builds stronger and support with clients

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11
Q

2.providesbetter distribution processes,with less delay,for demanded goods and services

A

3.increase efficiency and function for companies

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12
Q

4.lowers shipping directly and warehouse cost.

A

5.eliminates costs directly and implicity

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13
Q

6.supports the shipping at the right spot with the right goods.

A

7.enhances asset management and encourage the effective implementation of just in time inventory models

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14
Q

8.assist businesses in responding to global dynamics, economic upheavals,growung market preferences,and social dis-parties

A

9.assist businesses in supply chain to reduce duplication eliminate risks and achieve efficiency

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15
Q

FUNCTION OF SUPPLY CHAIN MANAGEMENT

A

..

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16
Q

At the strategic level, decision are long term and have a broad ipact on the entire supply chain

A

Strategic level

17
Q

Deciding on the optimal location of facilities

A

Network design

18
Q

Identifying and selecting strategic suppliers

A

Supply selection and relationship management

19
Q

Collaborating with suppliers and customers

A

Product development and innovation

20
Q

Focuses on medium term planning and execution

A

Tactical level

21
Q

Forecasting demand and developing production plans

A

Demand planning

22
Q

Determining optimal inventory levels settings

A

Inventory management

23
Q

Monitoring and evaluating supplier performance

A

Supplier performance management

24
Q

Planning transportation routes modesand carriers

A

Transportation planning

25
Q

Decision are short term and focused on day to day objective.

A

Operational level

26
Q

Receiving and processing customer order

A

Order processing

27
Q

Managing inventory replenishment cyle counting

A

Inventory control

28
Q

Creating daily production schedules

A

Production scheduling

29
Q

Managing the movement of goods within warehouse

A

Warehouse and distribution

30
Q

FACTORS AFFECTING SUPPLY CHAIN IN THE HOSPITALITY INDUSTRY

A

…

31
Q

The demand for hospitality services can vary significantly depending on the time of the year

A

Seasonality

32
Q

Events like natural disasters politacal instability pandemics

A

Global events and crisis

33
Q

A reliable and efficient supply chain depends on the reliability of suppliers

A

Supply reliability

34
Q

Increasingly consumers organizations are priotizing sustainable and ethically sourced products.

A

Sustainability and ethical sourcing

35
Q

Advanced in technology have transformed…..

A

Technological advancements

36
Q

Compliance with health and safety regulations labor laws

A

Regulator requirements

37
Q

Efficient transportation and logistics are crucial for well functioning supply chain

A

Transportation and logistics

Quiz (2 decks)

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