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Q: Why are the 3 flows of a supply chain important?
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What are the 3 principle flows of a supply chain?

The three main flows in a supply chain are product flow (physical movement of goods), information flow (sharing of data and information), and financial flow (transfer of funds between organizations in the supply chain). These flows are essential for the smooth operation and coordination of activities within a supply chain.


What is meant by Strategic Supply Chain Management?

Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.


What are elements of supply chain?

the six key elements of supply chain are 1)Production 2)Supply •3)Inventory •4)Location •5)Transportation • •6)Information


What are the parts of supply chain management?

1. Planning 2. Procurement 3. Logistic


What is five driving forces supply chain management?

1.The Empowered Consumer 2. Supply chain Relations 3. Deregulation, Core Competencies and outsourcing 4. Globalisation 5. Technology


What diagrams are used to show how much energy flows in a food chain There are 3?

the diagram use to describ food chain in animal is called a pyramid


Innovation in supply chain management?

The innovation in supply chain management has the 3 cycles in sourcing. These are Design for assembly,Design for manufacture, Design for product serviceability, Design for environment,Design for Six Sigma.


Supply chain major elements?

Supply Chain is an important thing for any kind of procurement activities. Here are some essential tools: 1 - Customer led demand 2 - Supply order to meet 3 - Sourcing of manufacture materials (including sourcing food) 3- order process 4 - Manufacture volume 5 - Shipping 6- End-user (bought item - created another product) 7 Return to stage 1


What is the four enablers of purchasing and supply chain management?

1. human resources 2. organization design 3. information technology 4. measurement


What we called suppliers distributors and customers partner with each other to improve the performance of entire system they are participating in a 1.supply 2.supply and demand chain 3.demand chain?

value delivery network


Describe the three evolutionery stages of supply chain management?

1) international purchasing 2) global sourcing 3) Global supply management


What are problems in Supply Chain Management?

There are many issues one can face during supply chain management. These are 1. Managing Inventory 2. Managing Suppliers 3. Maintaining Safety and Quality 4. Risk Mitigation