1.8 (Supply Chains)

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Unit 1

5 Terms

1
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Supply Chain (Goods)

Sourcing → Manufactturing → Warehousing → Logistics → Consumption

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Production Process - Artisan Production VS Mass Production

  • Artisan : Skilled Labour, Detailed, Smaller Quantities, Unique Items.


  • Mass : Speed, Volume, Consistency; Often Automated


3
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Supply Chain Strategies - Low Price Leadership VS High Quality Differentiation

  • Low Price : Mass Production, Economies of Scale, Process Optimization


  • High Quality : Premium Resources, Precision, Durability


4
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Supply Chain Risks

Natural Disasters, Political Instability, Trade Wars, Resource Shortages, Production Errors, Supplier Reputation

5
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Barriers Created by Supply Chains

  • Exclusive Agreements : Prevent Suppliers From Selling to Rivals.


  • Restrictive Distribution : Limit Which Retailers Carry Competitors Products.


  • Market Controll : Dominance Over Key Inputs or Distribution.