What are the 5 basic components of a supply chain management SCM system quizlet?

What are the 5 basic components of a supply chain management SCM system quizlet?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return. Let’s deep dive into each component: Plan: Planning is imperative to control inventory and manufacturing processes.

What are the main factors contributing to supply chain success?

According to most experts, there are three main success factors in effective and agile supply chains: your supplier relationships, your people, and the effective use of the supporting technology.

Which of the following are the four key drivers in supply chain Performance?

Facilities, inventory, transportation and information are the four major drivers of the supply chain. The performance of any supply chain can be measured on the basis of the drivers that run it.

Which business strategy views each customer as an independent market segment and creates substantial product proliferation?

Which business strategy view each customer as an independent market segment and creates substantial product proliferation, thereby increasing supply chain complexity? Mass customization.

What is supply chain visibility?

Supply chain visibility (SCV) is the ability to track individual components, sub-assemblies and final products as they travel from supplier to manufacturer to consumer. That data helps companies maneuver around inventory shortages, avoid bottlenecks, meet compliance directives and track products through to delivery.

What are the 5 primary activities in a supply chain?

The five primary activities are inbound logistics, operations, outbound logistics, marketing & sales and service.

What does supply chain visibility require?

Supply chain visibility is the ability to track different goods and/or products in transit, giving a clear view of the inventory and activity. It enables shippers to improve customer service and cost controls through management of inventory in motion, proactive status updates, limiting disruptions and risk mitigation.

What are the drivers of SCM?

Five supply chain drivers, Production, Inventory, Location, Transportation, and Information, influence the performance of the supply chain. Companies can develop and manage these drivers to emphasize the ideal balance between responsiveness and efficiency, depending on your business and financial requirements.

What is inventory driver?

An inventory driver means a business condition that forces companies to hold inventory including demand and supply uncertainties, demand and process volume mismatch, demand and capacity mismatch, and demand and supply lead-time mismatch.

What type of supply chain decisions have long term impact?

6.1. 1 Strategic Decisions. Strategic decisions have a long-term impact on the performance of the supply chain which may need revisions after a long time period of usually three or more years.

What brings visibility in supply chain management?

Supply chain visibility (SCV) is the ability of parts, components or products in transit to be tracked from the manufacturer to their final destination. The goal of SCV is to improve and strengthen the supply chain by making data readily available to all stakeholders, including the customer.