What are the four foundation elements of supply chain management? Describe someactivities within each element.Q.1Q.2 Describe centralized and decentralized purchasing and their advantages.Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?Q.4 Explain the difference between a time series model and an associative model. Under whatconditions would one model be preferred to the other?Q.5 Explain why lean production and Six Sigma are so important to successful supply chainmanagement.Q.6 What are the impacts of logistics on environmental sustainability? How can these impactsbe minimized?Q.7 How do supply chain management activities differ between services and manufacturingcompanies? In what ways are these activities alike?Q.8Describe the four perspectives of the balanced scorecard. How is this model different froma set of world-class performance measures?

Answer 1 Supply chain management Planning and managing all activities involved in sourcing and…

Q.1 What are the four foundation elements of supply chain management? Describe some activities within each element. Q.2 Describe centralized and decentralized purchasing and their advantages. Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?

Q.1 What are the four foundation elements of supply chain management? Describe some activities within each element. Q.2 Describe centralized and decentralized purchasing and their advantages. Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

What are the four foundation elements of supply chain management? Describe some
activities within each element.
Q.1
Q.2 Describe centralized and decentralized purchasing and their advantages.
Q.3 What are the key factors that contribute to a lasting buyer-supplier partnership?
Q.4 Explain the difference between a time series model and an associative model. Under what
conditions would one model be preferred to the other?
Q.5 Explain why lean production and Six Sigma are so important to successful supply chain
management.
Q.6 What are the impacts of logistics on environmental sustainability? How can these impacts
be minimized?
Q.7 How do supply chain management activities differ between services and manufacturing
companies? In what ways are these activities alike?
Q.8
Describe the four perspectives of the balanced scorecard. How is this model different from
a set of world-class performance measures?

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