Supply Chain Management Objectives and Trends
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Questions and Answers

What is the primary objective of supply chain activities?

  • To create net value, build a competitive infrastructure, and synchronize supply with demand (correct)
  • To focus solely on logistics and transportation management
  • To reduce costs and increase efficiency
  • To prioritize environmental sustainability over financial profit

    • What is the primary flow in supply chain management?

  • Information flow
  • Action flow
  • Financial flow
  • Material flow (correct)

    • What is the concept of tiering in supply chain management?

  • A flat structure of suppliers and manufacturers
  • A hierarchical structure of suppliers and manufacturers (correct)
  • A decentralized structure of suppliers and manufacturers
  • A centralized structure of suppliers and manufacturers

    • What is the primary goal of sustainable supply chain management?

    <p>To prioritize environmental sustainability while still achieving financial profit.</p> Signup and view all the answers

    What is the role of technology in supply chain transparency?

    <p>To provide real-time visibility into supply chain operations</p> Signup and view all the answers

    What is a key aspect of sustainable supply chain management?

    <p>Protecting the long-term viability of the business</p> Signup and view all the answers

    What is the difference between lean and agile supply chain management?

    <p>Lean focuses on efficiency, while agile focuses on adaptability</p> Signup and view all the answers

    What is a fundamental principle of sustainable supply chain management?

    <p>Respecting human rights and labour standards</p> Signup and view all the answers

    What is the primary risk in outsourcing and loss of control?

    <p>All of the above</p> Signup and view all the answers

    What is a key benefit of implementing sustainable supply chain management?

    <p>Enhancing business continuity</p> Signup and view all the answers

    What is the primary challenge of supply chain risk management in a VUCA world?

    <p>Managing volatility</p> Signup and view all the answers

    Why is human rights due diligence important in sustainable supply chain management?

    <p>To respect human rights and prevent harm</p> Signup and view all the answers

    What is an important aspect of labour standards in sustainable supply chain management?

    <p>Abolishing forced and child labour</p> Signup and view all the answers

    What is a benefit of sustainable supply chain management for companies?

    <p>Enhanced social license to operate</p> Signup and view all the answers

    What is a fundamental principle of sustainable supply chain management according to the UN Global Compact?

    <p>Respecting human rights and labour standards</p> Signup and view all the answers

    Why is it essential for companies to respect international labour standards in their supply chains?

    <p>To respect human rights and labour standards</p> Signup and view all the answers

    What is one of the negative impacts of globalization on sustainability in supply chain management?

    <p>Increased fuel consumption and emissions</p> Signup and view all the answers

    How does technology contribute to supply chain transparency?

    <p>Through the use of ICT innovations, such as RFID, GPS, and IoT</p> Signup and view all the answers

    What is the primary focus of Lean supply chain management?

    <p>Waste elimination and efficiency</p> Signup and view all the answers

    What is a potential drawback of outsourcing logistics in supply chain management?

    <p>Loss of control and visibility on sustainability efforts</p> Signup and view all the answers

    What is a characteristic of a VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world in supply chain management?

    <p>Increased vulnerability and risk</p> Signup and view all the answers

    What is the primary focus of Agile supply chain management?

    <p>Postponement and responsiveness</p> Signup and view all the answers

    What is a significant environmental impact of e-commerce on supply chain management?

    <p>Growth of express parcel delivery and return, leading to congestion, GHG emissions, and pollution</p> Signup and view all the answers

    What is the primary goal of Sustainable Supply Chain Management (SSCM)?

    <p>To achieve the Triple Bottom Line (economic, social, and environmental sustainability)</p> Signup and view all the answers

    Study Notes

    Supply Chain Management Objectives

    • Achieve customer satisfaction at lower cost
    • Supply Chain Management context: VUCA (Volatile, Uncertain, Complex, and Ambiguous) world
    • Globalization:
      • Increased length of supply chain → fuel and emissions, pollution
      • Increased vulnerability and risk
    • Outsourcing:
      • Increased collaboration, interconnection, outsourcing of logistics
      • Loss of control, visibility on sustainability efforts (e.g. 3PLs)
    • Technology:
      • Critical role of ICT innovations to coordinate and integrate supply chain
      • Track and trace (RFID, GPS, IoT)
      • Order processing via EDI
    • Time Compression: Lean VS Agile
      • LEAN/JIT: waste elimination in supply chain (e.g. inventory or waiting time)
      • AGILE: postponement, responsiveness, and flexibility
      • HYBRIDE: decoupling point between push and pull
    • E-Commerce:
      • Boom in the last 10 years, enormous pressure on reliability and punctuality, speed
      • Most polluting mode of transport
      • Growth of express parcel delivery and return → congestion, GHG emissions, pollution, etc.
      • Increase in packaging (waste)
    • 1-way Flow:
      • From suppliers to customers and waste (linear economy)
      • Combined impact with global economic growth

    Sustainable Supply Chain Management (SSCM)

    • Definition: Triple Bottom Line
      • Economic
      • Social
      • Environmental

    Why Sustainable Supply Chain Management?

    • 6 areas of concern:
      • Human rights
      • Labour
      • Environment
      • Anti-corruption
      • Community engagement
      • Economic development

    Human Rights and Labour in Supply Chain

    • Companies should have policies and processes in place to respect human rights
    • Examples: UN Global Compact & Reporting Initiative (GRI), Guidance for Social Responsibilities ISO 26000, Social Accountability International SA8000
    • Respect international labour standards within supply chains
      • Freedom of association and right to collective bargaining
      • Abolishing forced and child labour and eliminating discrimination

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    Sustainable Supply Chain 2022-2023 PDF

    Description

    This quiz covers the objectives and trends in Supply Chain Management, including globalization, outsourcing, and their impact on sustainability.

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