23 Questions
What is a significant expense for hospitals?
Supply chain costs
What is a key focus for hospitals from a quality perspective?
Best outcomes over lowest cost for devices
How does Amazon reduce inventory holding costs in its distribution centers?
Keeping the top-selling items in every DC and unevenly distributing the rest
How do hospitals manage supply chain costs?
Automating ordering and validating actual prices
What is a challenge faced by retailers in competing against online retailers like Amazon?
Shipping through more zones at a higher cost than Amazon
How are hospitals addressing shortages caused by the COVID-19 pandemic?
Centralizing supplies of critical resources and centrally coordinating information on available resources
What is a strategy mentioned for redesigning retailers' supply chain strategy?
Using store inventory to fulfill online orders
What is a key purpose of cross-docking that makes it inefficient for online order fulfillment?
Creating full-truckload assortments for retailers while online orders consist of multiple individual parcels
What is a focus area for hospitals in managing supply chain costs?
Validating that actual prices match contract prices
What is the role of the small wholesale food distributor in the street vendor supply chain?
Supplier of basic ingredients to many food kiosks
What is an example of a product flow in the street vendor supply chain?
Ingredients, paper and plastic products, and products used in the manufacturing process
Who brings materials, components, or services to the food wholesaler and the utility companies in the street vendor supply chain?
Suppliers' suppliers
What is an example of an information flow in the street vendor supply chain?
Orders submitted by end users (consumers) of the product
What is an example of a supplier in the street vendor supply chain?
Supplier of tap water for warming food containers
Who is considered as the producer in the street vendor supply chain?
Worker turning raw ingredients into menu items
What does cash flow in the supply chain involve?
Cash register and credit card receipts
What are the components of manufacturing supply chain models?
Tiers of suppliers, distribution centers, and customers
What industries are included in service industry supply chains?
All industries except farming, mining, and manufacturing
What does the electric utility supply chain involve?
Receiving and dispensing services to home customers, commercial customers, and other utilities
What are the characteristics of specialized supply chains like humanitarian and disaster relief?
Agility, resilience against disruptions, and ongoing community relationships
What is the role of cash in the supply chain?
Traveling from manufacturers to suppliers, lenders, investors, involving logistics and reverse flows for returns, composting, recycling.
What is a characteristic of global businesses according to the text?
Humble beginnings with potential for growth.
What is included in the supply chain planning process according to the text?
Recipes, shopping lists, demand discussions, reviews of previous results.
Study Notes
Supply Chain Planning and Management
- Supply chain planning involves recipes, shopping lists, demand discussions, and reviews of previous results.
- Cash flows are based on cash register and credit card receipts.
- Cash travels from manufacturers to suppliers, lenders, and investors, and involves logistics and reverse flows for returns, composting, and recycling.
- Global businesses often have humble beginnings with potential for growth.
- Manufacturing supply chain models show tiers of suppliers, distribution centers, and customers.
- The nucleus firm may outsource all manufacturing or consider component suppliers crucial.
- Even raw material extraction has its own supply chain with multiple tiers of suppliers.
- Service industry supply chains include organizations providing intangible products and all industries except farming, mining, and manufacturing.
- Utilities are crucial in service-oriented supply chains and require sophisticated management.
- Electric utility supply chains receive and dispense services to home customers, commercial customers, and other utilities.
- Specialized supply chains include humanitarian and disaster relief, nonprofits, and retailers, each with unique challenges and management requirements.
- Humanitarian and disaster relief supply chains require agility, resilience against disruptions, and ongoing community relationships.
Test your knowledge about the simplified supply chain model for street vendors who sell snacks. Learn about the roles of suppliers, producers, and retailers in this type of business.
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