Untitled Quiz

Companies are part of dynamic supply chains, where goods, services, money and knowledge are exchanged.
52% of company executives believe there’s room for improvement in their supply chain.
Customers' shifting preferences are causing difficulties for many businesses.
In well-functioning supply chains, resources are coordinated in alignment with the organization's strategic goals.

Sourcing: Companies find the best suppliers.
Collaboration: Companies ensure strong relationships and deals with their suppliers.
Supplier Information Management: Businesses manage all the details about their suppliers.
Purchase Order Management: Ensuring ordering exactly what is needed.
Inventory Management: Keeping track of stock levels to avoid shortages or excess.
Warehouse and Transportation Management: Proper storage and efficient delivery of goods.
Supply Chain Planning: Coordinated activities to meet demand.
Shipping: Delivering products to customers on time, satisfying and retaining customers.

Everything happening before a product or service reaches the consumer.
Focuses on the suppliers that provide raw materials, components, or goods for the final product.
Important for:
- Quality control: Ensuring high-quality materials from reliable suppliers to maintain product quality.
- Cost management: Negotiating better deals and maintaining strong relationships to keep costs down.
- Timely delivery: Reliable suppliers help maintain production schedules and avoid delays.

The flow after the product leaves the company until it reaches the end customer.
Includes distribution centers, retailers, and consumers.
Important for:
- Customer satisfaction: Ensuring the product reaches the customer in good condition and on time.
- Market reach: Expanding reach and acquiring new customers.
- Feedback loop: Gathering feedback from customers and retailers to improve the product and services.

Suppliers: Provide the raw materials, components, or finished products.
Network Design: Layout and structure of the supply chain, including suppliers, warehouses, distribution centers, and retail outlets.
Logistics and Transportation: Managing physical goods movement within the supply chain, covering warehousing, inventory, and distribution.

Overseeing the entire journey of a product or service, encompassing processes, logistics, shipping, and the procurement of raw materials.
A cross-functional task connecting goods and services with customers.
Key activities include procurement, production, transportation, and technology systems for seamless coordination.

Systemic and strategic coordination of business functions and tactics within the supply chain.
Internal GSCM: Practices implemented within the company, often aligned with other environmental management systems.
External GSCM: Coordination with external partners, focusing on incorporating sustainability throughout the supply chain.

Provide the raw materials and parts needed to create products.
Good supplier relationships are crucial for quality, cost management, and on-time deliveries.
Benefits of strong supplier relationships:
- Quality assurance: Receiving high-quality materials.
- Cost savings: Negotiating better prices.
- Timely deliveries: Ensuring materials arrive on time, avoiding delays.
- Teamwork for innovation: Collaborating for new ideas and improvements.
- Managing disruptions: Suppliers prioritize during challenging times, maintaining a stable supply chain.

Businesses commit to principles on human rights, labor standards, the environment, and anti-corruption.
Human Rights: Businesses support and respect the protection of internationally proclaimed human rights.
Labour Standards: Upholding the freedom of association and the right to collective bargaining.
Environment: Supporting a precautionary approach to environmental challenges.
Anti-Corruption: Working against all forms of corruption, including extortion and bribery.

Business processes: Systematic activities within an organization to deliver specific products or services.
Effective SCM impacts the efficiency and effectiveness of business processes.
Impact on profitability: Efficient SCM, including optimal procurement practices, directly impacts profitability.
Improving product quality: Advanced manufacturing techniques reduce costs and improve product quality.
Logistics Operations: Effective management of logistics operations is essential for timely delivery.
Information Systems Integration: Integrating information systems improves operational efficiency, demand forecasting accuracy, and inventory management.

Capabilities fuel individual performance: When supply chain managers perform well, it positively impacts the entire organization.
From individuals to firms: High-performing individuals contribute to high-performing firms.
Strong leadership in the supply chain leads to improved operations, satisfied customers, and competitive advantage.

Decision-making on warehouse locations, shipping methods, and store locations.
Optimizing network architecture to minimize transportation costs and maximize customer satisfaction.

Non-physical links in the supply chain include information sharing, financial management, and coordination of activities.
Understanding and managing these links ensures smooth operations and customer satisfaction.

Internal Responsibilities for Supply Chain Sustainability: Not specified in the text.
Cross-Functional Coordination: Business Managers:
- Coordinating with departments, such as procurement and logistics, to integrate sustainability goals.
- Balancing business requirements with sustainable practices.
Challenges of Internal Alignment: Often, a need for more clarity between commercial objectives and sustainability goals among supply chain professionals.