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In a supply chain, which direction do funds flow?
In a supply chain, which direction do funds flow?
What is the typical sequence of stages for product flow in a supply chain?
What is the typical sequence of stages for product flow in a supply chain?
What are the two parts that make up supply chain surplus?
What are the two parts that make up supply chain surplus?
What is the source of revenue for any supply chain?
What is the source of revenue for any supply chain?
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What is the primary factor that drove Dell's initial success?
What is the primary factor that drove Dell's initial success?
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What is customer value in a supply chain?
What is customer value in a supply chain?
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What is the primary focus of the supply chain operation phase?
What is the primary focus of the supply chain operation phase?
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During which phase of supply chain management would a company decide whether to outsource or perform a function in-house?
During which phase of supply chain management would a company decide whether to outsource or perform a function in-house?
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What is the objective of every supply chain?
What is the objective of every supply chain?
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What is a key characteristic of Walmart's supply chain?
What is a key characteristic of Walmart's supply chain?
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What type of decision would fall under the supply chain strategy category?
What type of decision would fall under the supply chain strategy category?
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How many sources of revenue are there in a supply chain?
How many sources of revenue are there in a supply chain?
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Which of the following categories of decisions has the most significant impact on supply chain profitability?
Which of the following categories of decisions has the most significant impact on supply chain profitability?
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What is the typical time horizon of the operation phase in supply chain management?
What is the typical time horizon of the operation phase in supply chain management?
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What is the core concept of the cycle view of a supply chain?
What is the core concept of the cycle view of a supply chain?
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What is the primary difference between Dell's supply chain model and traditional supply chain models?
What is the primary difference between Dell's supply chain model and traditional supply chain models?
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Where does the customer receive the product and take ownership?
Where does the customer receive the product and take ownership?
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Where does the replenishment cycle occur?
Where does the replenishment cycle occur?
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What is one of the processes included in the replenishment cycle?
What is one of the processes included in the replenishment cycle?
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Where does the manufacturing cycle occur?
Where does the manufacturing cycle occur?
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What is one of the processes involved in the manufacturing cycle?
What is one of the processes involved in the manufacturing cycle?
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What is the production scheduling process in the manufacturing cycle similar to?
What is the production scheduling process in the manufacturing cycle similar to?
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Where does the procurement cycle occur?
Where does the procurement cycle occur?
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Which relationship is similar to the manufacturer and supplier during the procurement cycle?
Which relationship is similar to the manufacturer and supplier during the procurement cycle?
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What is the primary purpose of customer order entry?
What is the primary purpose of customer order entry?
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What is the definition of customer order fulfillment?
What is the definition of customer order fulfillment?
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What is the primary objective of customer order fulfillment?
What is the primary objective of customer order fulfillment?
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What is the definition of customer order receiving?
What is the definition of customer order receiving?
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What is the primary purpose of customer order entry in relation to supply chain processes?
What is the primary purpose of customer order entry in relation to supply chain processes?
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What is the primary objective of customer order fulfillment in relation to cost?
What is the primary objective of customer order fulfillment in relation to cost?
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What is the point in time when the customer has access to choices and makes a decision regarding a purchase?
What is the point in time when the customer has access to choices and makes a decision regarding a purchase?
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What is the process of the customer informing the retailer of what they want to purchase and the retailer allocating product to the customer?
What is the process of the customer informing the retailer of what they want to purchase and the retailer allocating product to the customer?
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What is one way to improve the supply chain internally within a stage?
What is one way to improve the supply chain internally within a stage?
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Why is it important to build local supplies of compressed or liquefied natural gas?
Why is it important to build local supplies of compressed or liquefied natural gas?
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What is one way to improve the supply chain externally outside a stage?
What is one way to improve the supply chain externally outside a stage?
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What is Singapore planning to do to reduce its dependence on natural gas?
What is Singapore planning to do to reduce its dependence on natural gas?
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What is being built in Australia to power Singapore?
What is being built in Australia to power Singapore?
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What is the main source of energy in Singapore currently?
What is the main source of energy in Singapore currently?
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What is the purpose of the Jurong Rock Caverns?
What is the purpose of the Jurong Rock Caverns?
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What is the estimated power output of a wind turbine at Pulau Semakau?
What is the estimated power output of a wind turbine at Pulau Semakau?
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Study Notes
Supply Chain Fundamentals
- Funds flow both upstream and downstream in a supply chain, while product flows only downstream.
- Typical sequence of stages for product flow in a supply chain is Supplier → Manufacturer → Distributor.
- Supply chain surplus involves customer value and supply chain cost.
- The source of revenue for any supply chain is generated by the customer.
- Customer value is the sum of the supply chain surplus and supply chain cost.
- The objective of every supply chain is to maximize the overall value generated.
Supply Chain Management
- Walmart's supply chain features clusters of stores around distribution centers, facilitating rapid replenishment at the stores.
- Dell's initial success was largely driven by their Assembly→Customer supply chain linkage.
- The decision phases in a supply chain include supply chain operation.
- A company decides whether to outsource or perform a supply chain function in-house during the design phase.
- The supply chain strategy category includes decisions about the size of a warehouse.
Supply Chain Design
- The profitability of a supply chain is impacted primarily by the design, planning, and operation categories of decisions.
- The time horizon of the operation phase is typically weekly or daily.
- The cycle view of a supply chain holds that processes are divided into a series of activities performed at the interface between successive stages.
Customer Order Management
- The objective of customer order entry is to ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
- Customer order fulfillment refers to the process where product is prepared and sent to the customer.
- The objective of customer order fulfillment is to get the correct orders to customers by the promised due date at the lowest possible cost.
- Customer order receiving is the process where the customer receives the product and takes ownership.
Supply Chain Cycles
- The replenishment cycle occurs at the retailer/distributor interface.
- The processes included in the replenishment cycle include retail trigger.
- The manufacturing cycle occurs at the distributor/manufacturer interface.
- The processes involved in the manufacturing cycle include production scheduling.
- The procurement cycle occurs at the manufacturer/supplier interface.
Improving Supply Chains
- One way to improve the supply chain internally is to add storage reservoirs, such as the Jurong Rock Caverns, to store compressed/liquefied natural gas.
- One way to improve the supply chain externally is to obtain new sources of natural gas supplies, such as renewable energy sources like solar power or wind power.
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Description
Test your understanding of supply chain concepts, including product flow, funds flow, and supply chain surplus. Evaluate your knowledge of the typical stages involved in a supply chain.
