12 Questions
What is the primary objective of Supply Chain Management according to the text?
Satisfying customer service requirements
In which decade did SCM transition from focusing on Inventory Management to a more integrated approach involving ERP and Purchasing?
1990s
What does SCM involve according to the Council of Logistics Management?
Integration of supply and demand management
What did the 2000's bring in terms of Supply Chain Management as per the text?
Enhanced value network optimization
According to CSCMP, what activities does Supply Chain Management encompass?
Sourcing, procurement, conversion, and logistics management activities
What characterizes SCM in the 1980s based on the text?
Focus on JIT – Materials Management
What does supply chain management integrate?
Supply and demand management
Who can be included as part of the channel partners involved in supply chain coordination?
Third party service providers
What defines a supply chain?
The set of processes and resources needed for product delivery
Which term best describes the sequence of organizations involved in producing and delivering a product or service?
Supply chain
What does the supply chain network include?
Different activities, people, entities, information, and resources
Why is collaboration with channel partners considered important in supply chain management?
To reduce costs and improve efficiency in the supply chain
Explore the history of Supply Chain Management from the 1960s to the 2000s, covering the evolution from Inventory Management to modern-day Optimized Value Networks. Learn about key milestones like MRP, JIT, SCM-ERP integration, and collaborative networks.
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