Supply Chain Management

Reorders are placed at the time of review (T), and the safety stock that must be reordered is:

Monitoring – this involves following up with the supplier to check on the status of the order and/or expediting an

C. The partners combine resources and capital to create competitive advantages in a new market

In the Opening Case, Foster’s Group sought to create _____between the beer and wine businesses. a. corporate relatednessb. operational relatednessc. transferring core competenciesd. financial economies

b. The headquarter-subsidiary relationship should be based on clear and unambiguous patterns of dependence or independence.

26. Ida works on creating ways to ensure that customers receive goods at the right time and correct location. Ida is involved in her firm 's ________ strategy. A. transportation B. promotion C. product D. pricing 27. If you want to turn self-directed gain into social and economic benefits for all, you should

Organizations use computers and information systems to reduce costs and gain a(n) ________ in the marketplace.

If the company plans for a single warehousing system, then it is basically focusing on the centralized warehousing which  is responsible for serving the whole market. The network will be designed with the help of complete analysis of the company 's operations. This will help to design an efficient strategy for the company. The location and size of the warehouse will be decided. The transportation and facility costs will also be calculated. The cost set up will be properly estimated. The network will consist of various facilities like manufacturing center, vendor, distribution center and customers. There will also be a variety of raw materials and finished products that flow among these facilities.

This article is about supply chain management (SCM). Its importance in the field of operation management. Supply chain management was discussed from the past three decades. This article tells about how supply chain management developed and how it will proceed in the future. The term “supply chain management” first appeared in the practitioner literature in 1982, which said that SCM is a way to manage resources and assets in a better way.

21) In value chain analysis, what is the activity of arranging the delivery of products to customers called?

Before suggesting new initiatives for Air Products, this study will first discuss the company 's Supply Chain Management processes, processes that could be greatly improved by BPR. A business process is a collection of linked tasks that result in the delivery of a service or product to a client. A business process is also understood to be a set or activities and tasks that once completed, will accomplish an organizational goal. A business is an organizational system in which economic resources (input) are transformed by various business processes (processing) into goods and services (output). Business processes include marketing, developing, producing, and delivering products and services that support customers (O 'Brien, 2011).

b.3 they place orders on the manufacturers of the goods for delivery send to end user or other customers;

– The firm can use the information system to create competitive advantage -- or – A firm can provide the system to its chosen strategic target.

Supply Chain Management is defined as the oversight of materials, information, and finances as they move in a course of action from supplier to manufacturer to wholesaler to retailer to consumer. It includes numerous activities such as coordinating and integrating these flows both within and amid companies. By directing the supply chain, companies are able to cut excess fat and provide products faster. This is done by keeping tighter control of internal inventories, internal production, distribution, sales and the inventories of the company 's product purchasers, therefore completing the objective in a Supply Chain Management system by decreasing inventory. However there are risks taken by companies as the globalization of their supply chain is paired with concerns about the quality of products that are made in other countries may not meet regulatory standards, therefore puts their products in jeopardy of being recalled. This means that supply chain managers are responsible for ensuring suppliers and their products maintain safety and quality standards. Recalls or safety issues can damage a company’s reputation.

Name : Rehen Padayachee Student No. : 71511547 Programme in Purchasing and Supply Management Module : PPSM015 – Semester 1