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Questions and Answers
What is the primary objective of supply chain activities?
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?
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?
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?
What is the primary goal of sustainable supply chain management?
What is the role of technology in supply chain transparency?
What is the role of technology in supply chain transparency?
What is a key aspect of sustainable supply chain management?
What is a key aspect of sustainable supply chain management?
What is the difference between lean and agile supply chain management?
What is the difference between lean and agile supply chain management?
What is a fundamental principle of sustainable supply chain management?
What is a fundamental principle of sustainable supply chain management?
What is the primary risk in outsourcing and loss of control?
What is the primary risk in outsourcing and loss of control?
What is a key benefit of implementing sustainable supply chain management?
What is a key benefit of implementing sustainable supply chain management?
What is the primary challenge of supply chain risk management in a VUCA world?
What is the primary challenge of supply chain risk management in a VUCA world?
Why is human rights due diligence important in sustainable supply chain management?
Why is human rights due diligence important in sustainable supply chain management?
What is an important aspect of labour standards in sustainable supply chain management?
What is an important aspect of labour standards in sustainable supply chain management?
What is a benefit of sustainable supply chain management for companies?
What is a benefit of sustainable supply chain management for companies?
What is a fundamental principle of sustainable supply chain management according to the UN Global Compact?
What is a fundamental principle of sustainable supply chain management according to the UN Global Compact?
Why is it essential for companies to respect international labour standards in their supply chains?
Why is it essential for companies to respect international labour standards in their supply chains?
What is one of the negative impacts of globalization on sustainability in supply chain management?
What is one of the negative impacts of globalization on sustainability in supply chain management?
How does technology contribute to supply chain transparency?
How does technology contribute to supply chain transparency?
What is the primary focus of Lean supply chain management?
What is the primary focus of Lean supply chain management?
What is a potential drawback of outsourcing logistics in supply chain management?
What is a potential drawback of outsourcing logistics in supply chain management?
What is a characteristic of a VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world in supply chain management?
What is a characteristic of a VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world in supply chain management?
What is the primary focus of Agile supply chain management?
What is the primary focus of Agile supply chain management?
What is a significant environmental impact of e-commerce on supply chain management?
What is a significant environmental impact of e-commerce on supply chain management?
What is the primary goal of Sustainable Supply Chain Management (SSCM)?
What is the primary goal of Sustainable Supply Chain Management (SSCM)?
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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
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