MGT 524 Food Supply Chain Management Lecture 1
10 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the role of Logistics Management in the Supply Chain Management process?

Logistics management plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

Which activities are included in Supply Chain Management?

  • Sourcing and procurement (correct)
  • Maintenance of goods
  • Logistics management (correct)
  • Conversion (correct)

    • Supply Chain Strategic Decision is made on a short-term basis.

    False (B)

    Supply chain design decisions are __________ and expensive to reverse.

    <p>long-term</p> Signup and view all the answers

    Match the supply chain streams with their descriptions:

    <p>Upstream supply chain = Includes the organization’s first-tier suppliers and their suppliers Internal supply chain = Includes all the processes used by an organization in transforming the inputs of the suppliers to outputs Downstream supply chain = Includes all the processes involved in delivering the products to final customers</p> Signup and view all the answers

    What does Supply Chain Management include?

    <p>all activities involved in sourcing and procurement, conversion, logistics management activities, coordination, and collaboration with channel partners</p> Signup and view all the answers

    Define Logistics Management.

    <p>part of the Supply Chain Management process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and information between the point of origin and consumption</p> Signup and view all the answers

    What is the role of logistics in supply chain management?

    <p>coordinating the movement of products from production to delivery points efficiently</p> Signup and view all the answers

    Which are the streams of the supply chain?

    <p>Upstream supply chain (A), Internal supply chain (B), Downstream supply chain (C)</p> Signup and view all the answers

    Supply chain decisions involve short-term operations.

    <p>False (B)</p> Signup and view all the answers

    Flashcards

    What is Logistics Management?

    The process of planning, implementing, and controlling the efficient flow of goods, services, and related information from the point of origin to the point of consumption.

    What is Supply Chain Management?

    The strategic management of all activities involved in sourcing, procuring, converting, and delivering a good or service to the final customer.

    What is the Internal Supply Chain?

    The part of the supply chain that includes all processes used by an organization to transform inputs into outputs.

    What is the Downstream Supply Chain?

    The part of the supply chain that involves delivering products to final customers.

    Signup and view all the flashcards

    What is the Overt Chain?

    The flow of goods and services from one company to another before reaching the final consumer.

    Signup and view all the flashcards

    What is a Focal Company?

    The company that produces raw materials and components for consumers.

    Signup and view all the flashcards

    What are Distributors?

    Entities involved in delivering goods and services through different modes of transportation.

    Signup and view all the flashcards

    What are Supply Chain Strategic Decisions?

    Long-term decisions that consider market conditions and maximize long-term profit.

    Signup and view all the flashcards

    What are Supply Chain Operations Decisions?

    Decisions made within minutes, hours, or days to reduce uncertainty and optimize performance.

    Signup and view all the flashcards

    What is Supply Chain Planning?

    This involves examining competitors and strategies to meet customer requirements.

    Signup and view all the flashcards

    Study Notes

    Introduction to Food Supply Chain Management

    • Every organization is involved directly or indirectly in production, manufacturing, distribution, and consumption of goods and services.
    • Companies must have a good knowledge of consumer desires to bring success in the design and delivery processes.

    Objectives

    • Understand the meaning of Supply Chain and Logistics
    • Understand the relationship between Logistics and Supply Chain Management
    • Identify the purpose of Supply Chain
    • Understand the importance of Supply Chain decision and the various Supply Chain decision phases

    Supply Chain Management

    • Includes all activities involved in sourcing and procurement, conversion, and logistics management activities
    • Includes coordination and collaboration with channel partners (suppliers, intermediaries, third-party service providers, and customers)

    Streams of Supply Chain

    • Upstream supply chain: includes the organization’s first-tier suppliers and their suppliers
    • Internal supply chain: includes all processes used by an organization in transforming inputs to outputs
    • Downstream supply chain: includes all processes involved in delivering products to final customers

    Supply Chain Management

    • A focal company is an entity involved in producing raw materials and components for consumers as goods and services
    • Distributors are entities involved in delivering produced goods and services through various modes of transportation between each location of the chain
    • Overt Chain: the chain through which goods and services pass from one company to another before reaching the final consumer
    • Factors necessary for effective overt chain: information communication, management coordination, and chain leadership

    Purpose of Supply Chain

    • Optimization of performance
    • Achieving excellence
    • Optimization of all departments within the supply chain

    Logistics Management

    • Defined as that part of Supply Chain Management process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption
    • Role of logistics: coordination of the process from point of production to point of delivery

    Relationship Between Logistics and Supply Chain Management

    • Logistics Management is part of Supply Chain Management that concerns itself with the coordination, planning, implementation of the movement and reverse movement of goods and services
    • Logistics involves getting the right product, in the right quantity, and right quality, in the right place, at the right time, for the right customer, at the right cost

    Decision Phases in Supply Chain

    • Supply Chain Strategic Decision: long-term decisions that consider market conditions and involve optimal maximization of long-term profit
    • Supply Chain Planning: examining competitors and strategies to meet customer requirements
    • Supply Chain Operations: making decisions within minutes, hours, or days to reduce uncertainty and optimize performance

    Introduction to Food Supply Chain Management

    • Every organization is involved directly or indirectly in production, manufacturing, distribution, and consumption of goods and services.
    • Companies must have a good knowledge of consumer desires to bring success in the design and delivery processes.

    Objectives

    • Understand the meaning of Supply Chain and Logistics
    • Understand the relationship between Logistics and Supply Chain Management
    • Identify the purpose of Supply Chain
    • Understand the importance of Supply Chain decision and the various Supply Chain decision phases

    Supply Chain Management

    • Includes all activities involved in sourcing and procurement, conversion, and logistics management activities
    • Includes coordination and collaboration with channel partners (suppliers, intermediaries, third-party service providers, and customers)

    Streams of Supply Chain

    • Upstream supply chain: includes the organization’s first-tier suppliers and their suppliers
    • Internal supply chain: includes all processes used by an organization in transforming inputs to outputs
    • Downstream supply chain: includes all processes involved in delivering products to final customers

    Supply Chain Management

    • A focal company is an entity involved in producing raw materials and components for consumers as goods and services
    • Distributors are entities involved in delivering produced goods and services through various modes of transportation between each location of the chain
    • Overt Chain: the chain through which goods and services pass from one company to another before reaching the final consumer
    • Factors necessary for effective overt chain: information communication, management coordination, and chain leadership

    Purpose of Supply Chain

    • Optimization of performance
    • Achieving excellence
    • Optimization of all departments within the supply chain

    Logistics Management

    • Defined as that part of Supply Chain Management process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption
    • Role of logistics: coordination of the process from point of production to point of delivery

    Relationship Between Logistics and Supply Chain Management

    • Logistics Management is part of Supply Chain Management that concerns itself with the coordination, planning, implementation of the movement and reverse movement of goods and services
    • Logistics involves getting the right product, in the right quantity, and right quality, in the right place, at the right time, for the right customer, at the right cost

    Decision Phases in Supply Chain

    • Supply Chain Strategic Decision: long-term decisions that consider market conditions and involve optimal maximization of long-term profit
    • Supply Chain Planning: examining competitors and strategies to meet customer requirements
    • Supply Chain Operations: making decisions within minutes, hours, or days to reduce uncertainty and optimize performance

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    MGT 524 lecture 1.pptx

    Description

    This quiz covers the introductory concepts of food supply chain management, including production, manufacturing, distribution, and consumption of goods and services.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser