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Questions and Answers
Which two supply chain activities often require the largest proportion of a supply chain operation's budgets?
Which two supply chain activities often require the largest proportion of a supply chain operation's budgets?
- Planning and forecasting
- Inventory management and transportation
- Procurement and production
- Warehousing and distribution (correct)
What are the key warehousing activities that a supply chain manager needs to know?
What are the key warehousing activities that a supply chain manager needs to know?
- Storage, transportation, and distribution
- Receiving, transportation, and distribution
- Procurement, storage, and shipping
- Receiving, storage, and shipping (correct)
What are the issues to consider in designing the transportation network and managing the transportation function?
What are the issues to consider in designing the transportation network and managing the transportation function?
- Transportation and distribution management (correct)
- Inventory management and warehouse layout
- Receiving and shipping activities
- Storage and distribution optimization
Why is it important for supply chain managers to have an overall strategy for commodity warehousing?
Why is it important for supply chain managers to have an overall strategy for commodity warehousing?
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What are the key components of inventory management that a supply chain manager needs to know?
What are the key components of inventory management that a supply chain manager needs to know?
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Study Notes
Supply Chain Budget Allocation
- Procurement and transportation are the two supply chain activities that often require the largest proportion of a supply chain operation's budgets.
Key Warehousing Activities
- Receiving and storing inventory
- Order picking and packing
- Inventory management and control
- Shipping and delivery
Transportation Network Design and Management
- Issues to consider when designing the transportation network:
- Transportation mode selection (e.g., air, land, sea)
- Carrier selection and management
- Route optimization
- Freight consolidation and routing
- Issues to consider when managing the transportation function:
- Transportation cost management
- Service level agreements (SLAs)
- Carrier performance metrics
Commodity Warehousing Strategy
- Having an overall strategy for commodity warehousing is important because it allows supply chain managers to:
- Optimize storage and handling costs
- Improve inventory management and control
- Enhance customer service levels
- Increase supply chain visibility and agility
Inventory Management Components
- Forecasting and demand planning
- Inventory classification and categorization
- Inventory control and management
- Inventory optimization and replenishment
- Inventory reporting and analytics
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