Questions and Answers
Which two activities often require the largest proportion of a supply chain operation's budgets?
Warehousing and distribution
What are the key components of inventory management that supply chain managers need to know?
Managing the transportation function and inventory management
Why is having an overall strategy for commodity warehousing important for supply chain managers?
To provide a buffer against uncertainties and breakdowns within the supply chain
What issues should supply chain managers consider in designing the transportation network?
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What are the key warehousing activities that supply chain managers need to know?
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Study Notes
Supply Chain Operations
- Two activities that often require the largest proportion of a supply chain operation's budgets are transportation and inventory holding and management.
Inventory Management
- Key components of inventory management that supply chain managers need to know include:
- Inventory classification
- Inventory control systems
- Inventory accuracy and cycle counting
- Inventory turnover and Days Inventory Outstanding (DIO)
Commodity Warehousing
- Having an overall strategy for commodity warehousing is important for supply chain managers because it helps to maximize storage capacity, reduce costs, and improve efficiency.
Transportation Network
- Issues that supply chain managers should consider in designing the transportation network include:
- Transportation mode selection
- Route optimization
- Carrier selection and management
- Transportation network design
Warehousing Activities
- Key warehousing activities that supply chain managers need to know include:
- Receiving and storing inventory
- Order picking and packing
- Inventory management and control
- Shipping and delivery
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