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What are the concepts of supply chain?

by Rhyley Bryan

What are the concepts of supply chain?

A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end-user.

What were the 4 basics of supply chain?

There are four major elements of supply chain management: integration, operations, purchasing and distribution. Each relies on the others to provide a seamless path from plan to completion as affordably as possible.

What are the 7 principles of supply chain management?

  • Adapt Supply Chain to Customer’s Needs.
  • Customize Logistics Network.
  • Align Demand Planning Across Supply Chain.
  • Differentiate Products Close to Customer.
  • Outsource Strategically.
  • Develop IT that Support Multi-Level Decision Making.
  • Adopt Both Service and Financial Metrics.

What are the 7 supply chain functions?

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are the steps in supply chain?

A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end user.

What are the types of supply chains?

if not a bit risky.

  • Build-to-Order. This type of supply chain focuses on the construction of an order as soon as it is placed by the consumer or client.
  • Channel Assembly.
  • Integrated Make-To-Stock.

    • What are key supply chain processes?

    1 Approved Answer. The key processes in supply chain management are the procurement, inventory control, warehouse, planning, information system, transportation anddistribution. These processes in a synchronization manner provide a flawless and very well coordinated supply chain so that they can timely respond to the customers and end-users.

    What are supply chain activities?

    Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains.