Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the main cause of difficulty in matching supply and demand?
What is the main cause of difficulty in matching supply and demand?
- Conflicting objectives in the supply chain
- Uncertainty in demand and supply (correct)
- Decreasing product life cycles
- Fragmentation of supply chain ownership
Which department within a firm wants more finished goods inventory and fast delivery?
Which department within a firm wants more finished goods inventory and fast delivery?
- Production
- Marketing/Sales (correct)
- Distribution
- Customer Service
What is the objective of a supply chain?
What is the objective of a supply chain?
- Minimize customer satisfaction
- Reduce product variety
- Maximize overall value created (correct)
- Maximize individual profit
In the example provided, how much revenue does Dell receive from a customer for a computer?
In the example provided, how much revenue does Dell receive from a customer for a computer?
Signup and view all the answers
What does supply chain value represent?
What does supply chain value represent?
Signup and view all the answers
Study Notes
Supply Chain Management
- The main cause of difficulty in matching supply and demand is uncertainty in demand, supply, or both.
Organizational Perspectives
- The sales and marketing department within a firm typically wants more finished goods inventory and fast delivery to meet customer demand.
Supply Chain Objectives
- The objective of a supply chain is to create a competitive advantage by providing a high level of customer service at a lower cost.
Business Examples
- In Dell's direct-to-customer model, for each computer sold, Dell receives the full revenue from the customer.
Supply Chain Performance Metrics
- Supply chain value represents the difference between the revenue generated by the supply chain and the total cost of operating the supply chain.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of supply chain management challenges related to matching supply and demand. This quiz covers topics such as uncertainty in demand and/or supply, changing customer requirements, fragmentation of supply chain ownership, and conflicting objectives within the supply chain.
