- What are the stages of supply chain?
- What are the pillars of procurement?
- What is internal and external supply chain?
- What supply chain management means?
- What are the types of supply chain?
- What are the major categories of supply chain risk?
- What are the four foundational areas of supply chain management?
- What are the steps of SCM?
- Which of the following are internal supply chain components?
- What are the 5 basic components of a supply chain management SCM system?
- What is SCM example?
- What careers are in supply chain management?
What are the stages of supply chain?
The 5 essential stages in developing a successful supply chainStage 1: Plan.
Planning involves a wide range of activities.
Stage 2: Source.
This aspect of supply chain management involves organizing the procurement of raw materials and components.
Stage 3: Make.
Stage 4: Deliver.
Stage 5: Return..
What are the pillars of procurement?
The 5 Pillars of Procurement and Supply Chain ManagementValue for Money. In short this means that it is not necessarily the tender with the lowest price that is going to win the bid. … Open and Effective Competition. Government departments must take care that everybody has a reasonable chance to compete for tenders. … Ethics and Fair Dealing. … Accountability and Reporting. … Equity.
What is internal and external supply chain?
What exactly is the internal supply chain? … The external supply chain refers to the network of activities outside of a company such as transportation, and the environmental factors, which can have a direct or indirect effect on operations e.g. supplier failure, changes in laws and natural disasters.
What supply chain management means?
Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.
What are the types of supply chain?
The 2 Types of Supply ChainsReactive Supply Chain StrategyData-Driven Supply Chain StrategyOperational improvements based on guesswork or imitating competitorsA data-driven approach helps even best-in-class manufacturing operations find new ways to improve efficiency[iii]5 more rows
What are the major categories of supply chain risk?
Disruptive events that occurred over the last several years fall into three broad categories of supply chain risk: Natural Catastrophes, Man-Made, and Economic. Let’s look at each type of risk and their impacts on supply chains. Supply chains are vulnerable to natural disasters such as storms, floods, and wildfires.
What are the four foundational areas of supply chain management?
There are four major elements of supply chain management: integration, operations, purchasing and distribution.
What are the steps of SCM?
What is Supply Chain Management Process?Strategic Planning Process. Strategic Planning Process involves the strategic supply chain design and strategic sourcing. … Demand Planning Process. … Supply Planning Process. … Procurement Process. … Manufacturing Process. … Warehousing Process. … Order Fulfillment Process. … Transportation Process.
Which of the following are internal supply chain components?
Supply Chain elementsSales and Operations Planning (S&OP) process.Master Schedule of manufacturing.Planning materials and capacity to meet the Master Schedule.Inventory management (policy, planning and control)Distribution plan.
What are the 5 basic components of a supply chain management SCM system?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return. Let’s deep dive into each component: Plan: Planning is imperative to control inventory and manufacturing processes.
What is SCM example?
A supply chain is comprised of all the businesses and individual contributors involved in creating a product, from raw materials to finished merchandise. … Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.
What careers are in supply chain management?
1. Supply Chain Management Career VarietyPurchasing Agent.Purchasing Manager.Operations Manager.Logistics Analyst.Logistics Manager.Distribution Manager.Supply Chain Manager.