Intro to Supply Chain Chapter 1

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Last updated 8:19 PM on 9/29/26
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14 Terms

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Efficient Supply Chain Model

Stable, predictable products; low cost, functional products

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Responsive Supply Chain Model

New, fast changing products; speed, Innovative Products

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Make-to-Stock (Push, Make to Forecast) Supply Chain Model

Starts with a forecast; opportunities to take advantage of economies of scale (large lot quantities) and reduce costs

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Make-to-Order Supply Chain Model

Starts with a customer order; low inventory

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4 Foundations of Supply Chain Management

Operations, Supply, Logistics, Integration (Plan, Source, Make, Deliver)

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Inputs

Materials, equipment, labor, time, money (Not revenue and profit)

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Tier 1

Partners the Manufacturer deals with directly

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Tier 2

One step further from the partners the manufacturers deal with directly

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The Goal of SCM

More customer service, less inventory

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Profit

How much you’re making (Revenue - Costs)

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Intangible Services

Services that cannot be inventoried

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Facilitating Goods

Tangible items used by the customer

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Logistics

The warehousing, distribution and transportation of a product or service

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Reverse Logistics

Products moving backwards, typically for repair