Supply Chain Management

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Supply-Chain Management

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9 Terms

1

Supply-Chain Management

The objective of supply chain management is to structure the supply chain to maximize its competitive advantage and benefits to the ultimate consumer

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2

More Reliance on supply chain means

more risk

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3

For Supply chain risk, fewer suppliers increases

dependence

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4

Supply chain risks

Vendor reliability and quality risks, political and currency risks

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5

The outbound flow of products

  • Rapid Response

  • Product Choice

  • Service

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6

Increasing the # of facilities generally imrpvoes

Response time and customer satisfaction

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7

Inventory Turnover Formula

COGS / Value of inventory Investment

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8

% invested in Inventory

(Value of Inventory Investment / Total Assets ) x 100

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9

Weeks of supply formula

Inventory investment / ANnual Cost of goods sold

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