16295863
Description
Flashcards by Lauri Hiltunen, updated more than 1 year ago
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Created by Lauri Hiltunen
over 5 years ago
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| Question | Answer |
| 5 Parts of the supply chain: | 1. Supplier 2. Manufacturer 3. Distributor 4. Retailer 5. Customer |
| 5 Parts of supply chain management (what to manage) | 1. inventory control 2. sustainability of the supply chain 3. transport management 4. risk management 5. information management and digitalization |
| 7 Trends in SCM | Global focus / network E-business Outsourcing Just-in-time Lean production Mass customization Environmental sustainability |
| 4 Why do we now need SCM (and we didn't before)? | harder competition in global market shorter life span of products higher demands of customers advanced IT and transportation techniques |
| Which one is internally and which one is externally focused? 1. SCM 2. Operations management | internally: Operations management externally: Supply chain management |
| What is operations management? | Activities that happen within a company to manufacture a product or service |
| Supply Chain Management? | Working with external partners to produce the product, create inventory and sell the product |
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