Supply Chain Management

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9 Terms

1
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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

2
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More Reliance on supply chain means

more risk

3
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For Supply chain risk, fewer suppliers increases

dependence

4
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Supply chain risks

Vendor reliability and quality risks, political and currency risks

5
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The outbound flow of products

  • Rapid Response

  • Product Choice

  • Service

6
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Increasing the # of facilities generally imrpvoes

Response time and customer satisfaction

7
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Inventory Turnover Formula

COGS / Value of inventory Investment

8
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% invested in Inventory

(Value of Inventory Investment / Total Assets ) x 100

9
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Weeks of supply formula

Inventory investment / ANnual Cost of goods sold