24 Questions
What is the primary objective of supply chain activities?
To create net value, build a competitive infrastructure, and synchronize supply with demand
What is the primary flow in supply chain management?
Material flow
What is the concept of tiering in supply chain management?
A hierarchical structure of suppliers and manufacturers
What is the primary goal of sustainable supply chain management?
To prioritize environmental sustainability while still achieving financial profit.
What is the role of technology in supply chain transparency?
To provide real-time visibility into supply chain operations
What is a key aspect of sustainable supply chain management?
Protecting the long-term viability of the business
What is the difference between lean and agile supply chain management?
Lean focuses on efficiency, while agile focuses on adaptability
What is a fundamental principle of sustainable supply chain management?
Respecting human rights and labour standards
What is the primary risk in outsourcing and loss of control?
All of the above
What is a key benefit of implementing sustainable supply chain management?
Enhancing business continuity
What is the primary challenge of supply chain risk management in a VUCA world?
Managing volatility
Why is human rights due diligence important in sustainable supply chain management?
To respect human rights and prevent harm
What is an important aspect of labour standards in sustainable supply chain management?
Abolishing forced and child labour
What is a benefit of sustainable supply chain management for companies?
Enhanced social license to operate
What is a fundamental principle of sustainable supply chain management according to the UN Global Compact?
Respecting human rights and labour standards
Why is it essential for companies to respect international labour standards in their supply chains?
To respect human rights and labour standards
What is one of the negative impacts of globalization on sustainability in supply chain management?
Increased fuel consumption and emissions
How does technology contribute to supply chain transparency?
Through the use of ICT innovations, such as RFID, GPS, and IoT
What is the primary focus of Lean supply chain management?
Waste elimination and efficiency
What is a potential drawback of outsourcing logistics in supply chain management?
Loss of control and visibility on sustainability efforts
What is a characteristic of a VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world in supply chain management?
Increased vulnerability and risk
What is the primary focus of Agile supply chain management?
Postponement and responsiveness
What is a significant environmental impact of e-commerce on supply chain management?
Growth of express parcel delivery and return, leading to congestion, GHG emissions, and pollution
What is the primary goal of Sustainable Supply Chain Management (SSCM)?
To achieve the Triple Bottom Line (economic, social, and environmental sustainability)
Study Notes
Supply Chain Management Objectives
- Achieve customer satisfaction at lower cost
- Supply Chain Management context: VUCA (Volatile, Uncertain, Complex, and Ambiguous) world
Trends Affecting Sustainability in Supply Chain
- 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
This quiz covers the objectives and trends in Supply Chain Management, including globalization, outsourcing, and their impact on sustainability.
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