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Questions and Answers
What is the primary objective of a sustainable supply chain?
What type of waste is caused by unnecessary movement of products?
What is the purpose of maintaining a buffer stock?
What is the primary objective of performance management in a business?
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What is the term for the point of origin in a supply chain?
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Study Notes
Sustainable Supply Chain
- The primary objective is to create an eco-friendly system that minimizes environmental impact while meeting customer needs and ensuring economic viability.
Waste in Supply Chain
- Unnecessary movement of products generates "motion waste," which contributes to inefficiencies and increased costs.
Buffer Stock
- Maintaining a buffer stock serves as a safeguard against uncertainties in demand and supply, ensuring that operations can continue smoothly without interruptions.
Performance Management
- The primary objective is to assess and improve the efficiency and effectiveness of business operations, aligning employee performance with strategic goals.
Point of Origin in Supply Chain
- The term for the point of origin is "supply chain node," which refers to where materials or products are first sourced or produced before moving through the supply chain.
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Description
This quiz covers the key concepts of sustainable supply chain management, including close-loop supply chain, point of origin, and supply chain operations. It also touches on the importance of quality, dependability, and speed in business management.
