Supply Chain Management

What is the third main link of a supply chain?

Distribution of products to customers and their "downstream" customers at all levels.

What is the first main link of a supply chain?

Materials flow from suppliers and their "upstream" suppliers at all levels

What is the second main link of a supply chain?

Transformation of materials into semifinished and finished products through the organization's own production process.

Who does a supply chain include?

all parties involved, directly or indirectly, in obtaining raw materials or a product.

Effective Supply chain management systems can enable an organization to?

decrease the power of its buyer, increase the power of its supplier, increase switching costs, increase inefficiencies while seeking a competitive advantage, create entry barriers

What are the five basic supply chain activities?

plan, source, make, deliver, return

What is supply chain management?

the management of information flows between activities in a supply chain to maximize total supply chain effectiveness and profitability.