supply chains Flashcards
1
Q
what is a supply chain
A
a supply chain is the group of firms involved in all the processes for the final product
2
Q
who is involved in a supply chain
- sometimes
- mice
- do
- ramble
A
- suppliers
- manufacturers
- distributors
- retailers
3
Q
what factors should firms include when choosing suppliers
PQR
A
- price
- quality
- reliability
4
Q
why is price important when choosing suppliers
A
- speed of delivery-faster may = more expensive
- cheaper suppliers may supply lower quality materials
*
5
Q
why is quality important when choosing suppliers
A
- consistent quality is important
- with the internet its easier for customers to shop with better quality
- people associate bad quality with business not
6
Q
why is reliability important when choosing suppliers
A
- if a supplier cant supply or is late a firm might not be able to supply to its customers
- so suppliers need to deliver high quality products on time or give plenty of warning otherwise
7
Q
describe what is meant by procurement
A
8
Q
describe what is meant by logistics
A
9
Q
explain the importance of logistics
A
10
Q
explain the importance of procurement
A
