Supply Chain Management Concepts

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

<p>To enhance the interactions between a company and its customers. (B)</p> Signup and view all the answers

<p>Customer Invoice Management (CIM) (C)</p> Signup and view all the answers

<p>To generate customer demand and facilitate order placement and tracking. (D)</p> Signup and view all the answers

<p>Demand planning (D)</p> Signup and view all the answers

<p>Planning for the location and size of warehouses (D)</p> Signup and view all the answers

<p>It ensures smooth and efficient flow of information, product, and funds across the supply chain. (C)</p> Signup and view all the answers

<p>By planning and optimizing internal production and logistics to meet demand. (D)</p> Signup and view all the answers

<p>Ensuring timely and cost-efficient procurement of materials and resources. (A)</p> Signup and view all the answers

<p>Introducing new designs every week (A)</p> Signup and view all the answers

<p>Zara's cycle time is four to six weeks (B)</p> Signup and view all the answers

<p>75 percent (C)</p> Signup and view all the answers

<p>40 percent (D)</p> Signup and view all the answers

<p>It uses a combination of flexible sources in Europe and low-cost sources in Asia (C)</p> Signup and view all the answers

<p>Reduced inventories and forecast errors (A)</p> Signup and view all the answers

<p>Zara's markdown rates are less than half of its competition (D)</p> Signup and view all the answers

<p>Frequent introduction of new designs (A)</p> Signup and view all the answers

<p>Supply chain management ability (A)</p> Signup and view all the answers

<p>200,000 (C)</p> Signup and view all the answers

<p>Number of retail stores to open (D)</p> Signup and view all the answers

<p>Enabled plants to export to other markets (D)</p> Signup and view all the answers

<p>Identifying backup locations (C)</p> Signup and view all the answers

<p>Factories are opened in every market Toyota serves. (D)</p> Signup and view all the answers

<p>Deciding on product inventory levels (A)</p> Signup and view all the answers

<p>Specialized local factories for each market (D)</p> Signup and view all the answers

<p>To satisfy customer needs and generate profit. (B)</p> Signup and view all the answers

<p>The involvement of multiple players at each stage. (A)</p> Signup and view all the answers

<p>Marketing and advertising agencies. (C)</p> Signup and view all the answers

<p>To contribute information and funds for the product. (A)</p> Signup and view all the answers

<p>In both directions, between all stages. (D)</p> Signup and view all the answers

<p>It accurately describes the interconnectedness of multiple players. (D)</p> Signup and view all the answers

<p>A customer making a purchase on a website. (C)</p> Signup and view all the answers

<p>The products are physical objects whereas the information is digital. (D)</p> Signup and view all the answers

<p>The size of the retail market in the respective country. (D)</p> Signup and view all the answers

<p>Maximizing total supply chain surplus. (B)</p> Signup and view all the answers

<p>The consolidation of retail in the United States reduces the need for distributors. (D)</p> Signup and view all the answers

<p>Distributors can reduce costs and increase supply chain surplus in certain market conditions. (A)</p> Signup and view all the answers

<p>The difference between the total value created by the supply chain and its total costs. (A)</p> Signup and view all the answers

<p>Distributors add an extra layer of handling and transportation costs. (D)</p> Signup and view all the answers

<p>Information flows are essential for managing the flow of both products and funds. (C)</p> Signup and view all the answers

Signup and view all the answers

A network of entities involved in delivering products from suppliers to customers, including information and funds flow.

The difficulty faced by supply chains in aligning supply with fluctuating demand.

Push is pre-planned supply; pull is demand-driven supply from customers.

The customer is integral to the supply chain, driving demand and influencing all subsequent processes.

The exchange of data, such as order details and product availability, across various supply chain stages.

Color mixing in paint supply chains was shifted to retail stores post-order.

Elements in the supply chain including customers, retailers, wholesalers, manufacturers, and suppliers.

Processes focusing on managing and improving customer interactions.

Processes that handle internal operations within a firm.

A more accurate representation of the supply chain that highlights multiple players at each stage.

The procedure following a customer order that includes processing, information flows, and product delivery.

The monetary transactions that occur during the purchase and supply processes in the supply chain.

To satisfy customer needs while generating profit for the involved entities.

The total profit generated by all members of the supply chain.

Managing the movement of products, information, and funds within the supply chain.

How the organization of retailers affects supply chain efficiency.

The part distributors play in moving goods from suppliers to retailers.

When larger retailers dominate the market, it changes supply chain roles.

Using smaller vehicles to deliver products locally after transportation to market.

Regularly restocking inventory to meet demand, especially in small outlets.

Constraints on how much stock small retailers can hold.

Processes focused on the interface between the firm and its suppliers.

Processes that fulfill demand and manage internal production and supply.

Three main processes in supply chain management: SRM, ISCM, CRM.

Part of ISCM that forecasts customer demand to ensure supply readiness.

Process in CRM to track and fulfill customer orders efficiently.

Part of ISCM that ensures customer demand is met promptly.

Joint effort between firms and suppliers to improve supply chain efficiency.

Grainger operates primarily as a distributor and retailer of products.

SKU refers to unique identifiers for each product stored in inventory.

Facilities used to store products and fulfill customer orders.

Strategies on how to manage product availability at DCs.

Deciding what products to keep in stock or source directly from suppliers.

The approach on handling online orders alongside existing business operations.

Different methods used for delivering products and replenishing stock.

Toyota's approach to opening factories in every market for localized production.

A fashion retail chain owned by Inditex, known for fast response to trends.

The time taken from designing a product to it being available for sale.

Zara's design-to-sales cycle time is four to six weeks.

Zara changes 75% of its merchandise display every 3-4 weeks.

Discounts applied to merchandise when it doesn't sell at full price.

Zara uses a mix of European and Asian manufacturers.

Zara waits to produce products until trends are evident.

Zara reduces excess inventory and forecasting errors through their strategy.