SCMT business slides (Final Exam)

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Last updated 2:28 AM on 10/2/26
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9 Terms

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SCMT Tagline

right stuff, right place, right time, right price

2
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Supply Chain

network of businesses and people that are directly or indirectly responsible for fulfilling your needs

<p>network of businesses and people that are directly or indirectly responsible for fulfilling your needs</p>
3
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Supply chain management

active integration and coordination of all supply chain activities with the objective of providing you with the best value

4
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Procurement

the process of buying production inputs from various sources (SCMT)

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Manufacturing & Operations

the design, execution and control of operations that convert resources into desired goods and services and implement a company’s business strategy (where the product is made) (SCMT)

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Transportation & Logisitics

the commercial activity of transporting goods to customers (SCMT)

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Order of Production Process

procurement [inputs: factors of production} → manufacturing & operations [conversion process] → transportation & logisitics [outputs]

<p>procurement [inputs: factors of production} → manufacturing &amp; operations [conversion process] → transportation &amp; logisitics [outputs]</p>
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What was the issues with HEB’s supply chain?

During COVID, products were low on stock in stores due to high demand and low supply

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What was the issues with supply chain and the Suez Canal?

The canal got stuck and slowed down the shipping of products