Midterm Supply Chain Review

Test Review

Monday, October 18, 2010

7:15 PM

1.) Explain the 3 decision phases (categories) that must be made in a successful supply chain.

2.) List and explain the three basic steps to achieving strategic fit.

3.) List and define the four major drivers of supply chain performance.

4.) Explain how distributors add value to a supply chain and improve it's performance.

5.) Explain how supply chain network design decisions are classified.

6.) Explain the role of forecasting in a supply chain.

* CHAPTER ONE

* Supply Chain

* Definition: "A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request. The supply chain includes not only the manufacturer and suppliers, but also transporters, warehouses, retailers, and even customers themselves. Within each organization, such as a manufacturer, the supply chain includes all functions involved in receiving and filling a customer request. These functions include, but are not limited to, new product development, marketing, operations, distribution, finance, and customer service."

* Supply chain stages

* Supplier <>Manufacturer<>Distributor<>Retailer<>Customer

* Everything is interconnected

* Typical supply chain contains a variety of stages.. "supply networks"

* Supply Chain surplus

* Definition: "The objective of every supply chain should be to maximize the overall value generated. The value ( also known as supply chain surplus) a supply chain generates is the difference between what the final product is worth to the customer and the costs the supply chain incurs in filling the customer’s request."

* 3 decision phases in a supply chain

* Supply Chain Strategy of Design:

* During this phase, a company decides how to structure the supply chain over the next several years. It decides what the chain’s configuration will be, how...