Podcast
Questions and Answers
What is the primary objective of a sustainable supply chain?
What is the primary objective of a sustainable supply chain?
What type of waste is caused by unnecessary movement of products?
What type of waste is caused by unnecessary movement of products?
What is the purpose of maintaining a buffer stock?
What is the purpose of maintaining a buffer stock?
What is the primary objective of performance management in a business?
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?
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.
