Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Question
Supply chains _______.
Group of answer choices
All of these answers
Generally serve a common end customer
Are linked logistics systems
Usually consist of multiple firms
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- Supply chain management is a critical function within organizations that involves the coordination of activities related to the sourcing, procurement, production, and distnbution of goods and services. Effective supply chain management aims to optimize the flow of materials, information, and finances across the entire supply chain network, from suppliers to end customers. Key components of supply chain management include strategic sourcing, which involves selecting the right suppliers based on factors such as quality, cost, and reliability, inventory management, which seeks to minimize carrying costs while ensuring product availability, and logistics management, which focuses on the efficient transportation and storage of goods. Additionally, supply chain managers must collaborate closely with internal departments as well as external partners to mitigate risks, manage disruptions, and continuously improve the performance of the supply chain. By adopting technologies such as data…arrow_forwardWhat term is used to describe the outsourcing of logistics? O sub-logistics third-party logistics (3PL) shipper-managed inventory (SMI) O hollow logistics O e-logistics MacBook Air DD 000 F5 F4 08 F3 V 9 %23 * 00arrow_forwardEffective Demand Management of Broken Hill Proprietary Company Limited (BHP) as part of overall Logistics and Supply Chain expertisearrow_forward
- Describe the picture of the Supply Chain process above .arrow_forwardIn your own words, describe EDI and how it works in a logistics environment.arrow_forwardThe SCM term "reverse logistics" implies a.The heavy use of RFID b.Customers must be extremely happy c.The movement of materials from the back end of a supply chain to the front end d.Suppliers must be doing an excellent job e. the process of transporting returned materialsarrow_forward
- In this problem, your company is a distributor of products. You serve as an inventory manager for the regional distribution center (DC) here in the Atlanta area. In this role, you schedule the purchase and shipment of products from various suppliers inbound to the Atlanta DC. Once you receive the products at the DC, they are stored in inventory until they are picked, packed, and shipped outbound to your company's downstream customers in response to orders. For each of your products, you currently use a single, dedicated supplier. Each of your suppliers ships their products to you from their facility using trucking services, and they provide you with choices of different LTL or truckload trucking carriers depending on your shipment size. Consider managing inventory now for product 101 produced by Supplier A. Currently, you face demand for product 101 of about 200 units per week. Each unit of product 101 has a purchase cost p of $500 and you decide to value your inventory at the slightly…arrow_forwardThe logistics of moving goods around the world-between countries and within countries-has been troubled by volume constraints in most parts of the supply chain from carriers to warehousing. O primarily in warehouses and distribution centers O primarily in ocean and rail carriers O mostly in the trucking industryarrow_forward
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