The Supply Chain Flashcards

1
Q

supply chain

A

the sequence of processes involved in the production and distribution of a product

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2
Q

supply chain management

A
  1. resource required are X on hand then X can be produced

2. resources are of inferior quality = difficult/ costly to replace products

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3
Q

Sourcing

A

businesses must be careful how/where to source its materials and supplies.

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4
Q

PROs of Sourcing

A

▲ manufacturing capacity

supplies = cheap due to ▼ labour costs and ▲ access to raw materials

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5
Q

CONs of Sourcing

A
  • quality issues = time consuming and costly to fix

- communication issues

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6
Q

Sustainable Supply Chain

A
  • distance to supply chains
  • pricing comparisons w other suppliers
  • consistently in quality
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7
Q

distribution channels

A

used to distribute products to consumers

eg. wholesalers, retailers, internet

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8
Q

direct distribution

A

a strategy in which a producer/manufacturer delivers products directly to consumers

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9
Q

interest distribution

A

selling wholesale to agents or retailers so they can distribute the product for you.

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10
Q

difference b/w supply chain and distribution channel

A

supply chain : materials ☞ business

distribution channel : business ☞ customers

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