Origin of Supply Chain Management Term
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Questions and Answers

What term did Keith Oliver introduce to the public domain in an interview for the Financial Times in 1982?

  • Inventory Control
  • Supply Chain Management (correct)
  • Logistics Optimization
  • Value Chain Analysis

    • When did the term 'supply chain management' gain significant recognition through a flurry of articles and books?

  • Early 2000s
  • Late 1970s
  • Early 1990s
  • Mid-1990s (correct)

    • How were supply chains originally defined?

  • Activities associated with the flow and transformation of goods only (correct)
  • Activities associated with the flow of goods only
  • Activities associated with the flow of services only
  • Activities associated with the flow of information only

    • What is one commonly accepted definition of supply-chain management?

    <p>Management of value-added flows of materials, goods, and information</p> Signup and view all the answers

    When did 'supply-chain management' rise to prominence according to the text?

    <p>Late 1990s</p> Signup and view all the answers

    What is the main goal of integrating supply chain activities according to the text?

    <p>Achieve a competitive advantage</p> Signup and view all the answers

    What is the main focus of supply chain strategies according to Hines (2004)?

    <p>Creating customer satisfaction</p> Signup and view all the answers

    According to the CSCMP, what does supply-chain management encompass?

    <p>Planning and management of sourcing, procurement, conversion, and logistics activities</p> Signup and view all the answers

    What is the goal of supply-chain-management software?

    <p>To monitor and improve supply chain performance</p> Signup and view all the answers

    How does the Extended Enterprise concept differ from traditional supply chains?

    <p>It involves a self-organizing network of cooperating businesses</p> Signup and view all the answers

    What does Supply-chain event management (SCEM) aim to address?

    <p>Addressing all events that can disrupt the supply chain</p> Signup and view all the answers

    How does Hines (2004) define the measurement of performance in supply chain strategies?

    <p>Total system efficiency and equitable monetary reward distribution</p> Signup and view all the answers

    Study Notes

    Introduction of Key Terms

    • Keith Oliver introduced the term "supply chain management" during a 1982 interview with the Financial Times.

    Recognition of Supply Chain Management

    • Significant recognition gained in the 1990s through numerous articles and books focused on the subject.

    Definition of Supply Chains

    • Originally defined as the sequence of processes involved in the production and distribution of goods.

    Accepted Definition of Supply-Chain Management

    • A commonly accepted definition describes supply-chain management as the coordination of all activities involved in sourcing, procurement, conversion, and logistics management.

    Rise to Prominence

    • Supply-chain management rose to prominence in the 1990s, reflecting its increasing importance in the global economy.

    Goal of Integrating Supply Chain Activities

    • The main goal is to enhance efficiency and effectiveness across various supply chain activities, leading to improved customer satisfaction.

    Focus of Supply Chain Strategies

    • According to Hines (2004), the main focus of supply chain strategies is to create value through collaboration among supply chain partners.

    CSCMP's Definition of Supply-Chain Management

    • The Council of Supply Chain Management Professionals (CSCMP) defines supply-chain management as the planning and management of all activities involved in sourcing, procurement, conversion, and logistics.

    Goal of Supply-Chain-Management Software

    • The goal is to streamline operations, enhance visibility, and improve decision-making throughout the supply chain.

    Extended Enterprise Concept

    • The Extended Enterprise concept broadens traditional supply chains by incorporating additional partners, processes, and technologies to enhance collaboration and flexibility.

    Supply-Chain Event Management (SCEM)

    • SCEM aims to identify and address disruptions in the supply chain, enabling timely responses to minimize impact on operations.

    Performance Measurement in Supply Chain Strategies

    • Hines (2004) defines the measurement of performance as using metrics to evaluate efficiency, effectiveness, and overall success in achieving supply chain goals.

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    Description

    Learn about the origin and definitions of the term 'supply chain management', including its introduction in the 1980s by Keith Oliver and its development over the years.

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