URDANETA CITY UNIVERITY

Owned and operated by the City Government of Urdaneta.

ACTIVITY 1

I. Briefly answer the following questions:

1. What is supply chain Management?

Answer:

The objective of supply chain management is to actively oversee all aspects of the supply chain

in order to optimize customer value and create a long-lasting competitive advantage. It shows a

deliberate effort on the part of supply chain management companies to create and manage supply

networks as effectively and efficiently as they can. Product creation, sourcing, production,

logistics, as well as the information systems required to coordinate these operations, are all

covered by supply chain activities.

2. What is the importance of supply chain management in a company?

Answer:

No matter the size of the company, supply chain management should be a priority to boost

success rates. These processes involve managing the movement of materials and products within

the company while maximizing customer value and creating a sustainable competitive

advantage. A manufacturing company's success is significantly influenced by the effectiveness

of the supply chain as a whole. The demand for certain commodities is established by all parties

in the supply chain, who then provide the raw materials required to produce those goods and

execute customer orders. A properly managing a company's supply chain may dramatically

lower operational costs, which increases profitability. This effectiveness is discernible.

3. Explain each of the components of supply chain management.

Answer:

Plan – Planning is essential for keeping production and inventory operations under control.

Source – Finding suppliers that will buy products and services to satisfy anticipated or real

demand in the most cost-effective and efficient manner is known as sourcing.

Make – The company will carry out all processes necessary to turn raw materials into finished

goods in accordance with the preferences of the customer.

Deliver – Contributing to direct or indirect consumer integration is another crucial element of

supply chain management. Through the firm's distribution channels and logistical services, the

corporation must supply finished goods and services that consumers need.

Return – It is a post-delivery customer assistance procedure connected to all different types of

recycled goods. Minimizing possible customer relationship degradation is among the most

crucial aspects of supply chain management.

4. Explain the overall goal of supply chain management.

Answer:

The overall goal of supply chain management are Improving Efficiency, Improving Quality, and

Improving Stability.

Improving Efficiency - Through making mindful habits, mastering time management skills, and

generating motivating objectives. to have a better understanding of how to succeed

professionally and increase job productivity.

Improving Quality – Quality improvement refers to everyone in a firm working together and

continuously to improve every aspect of it, notably its manufacturing process. It is a methodical

strategy to reducing or eliminating waste, losses, and rework in the production process.

Improving Stability – Is about preserving and enhancing the supply's overall stability chain.

Aiming to establish and sustain solid connections with their suppliers and distributors to ensure

the seamless operation of the business.

5. Briefly explain the six components of supply chain management.

Answer:

Planning – Businesses must organize and control the resources necessary to fulfill their goals.

demand from customers for their products or service.

Sourcing - To deliver the goods and services, businesses must select suppliers. Their items

production required certain services.

Making – Requiring supply chain managers to arrange the necessary operations to receive items,

create the product, and assess its quality timetable for delivery and prepare the box for shipping.

Delivering - This entails organizing consumer ordering, delivery planning, load dispatch, client

billing, and receiving compensation.

Returning - Your customer satisfaction ratings will increase in direct proportion to how

effectively you handle returns of defective goods. As "Reverse Logistics," it also goes by that

name.

Enabling - The supply chain must contain several components in order to work well. implement

procedures for information monitoring across the supply chain and guarantee adherence to all

guidelines.
6. What is the role of supply chain management in the hospitality industry?

Answer:

Continuous movement and transformation of commodities from the point at which they are raw

materials to the point at which they are consumed, as well as any related information inputs. This

comprises supply chain upstream and downstream material and information flows. As a result,

the supply chain encompasses a vast array of systems, including management of systems,

operations and assembly, buying, production scheduling, order processing, inventory

management, transportation, warehousing, and customer support. The hotel industry's supply

chain and logistics operations are one area that is typically overlooked in cost-cutting initiatives.

The hotel and other service companies may employ logistics and supply chain management even

though it is regarded as an operations management method to boost the value of their assets. The

hotel and catering industries depend heavily on the supply chain. A solid logistics and supply

chain management system may provide individual hotel enterprises in the hospitality sector a

long-lasting competitive edge. The effective implementation of supply chain and logistics

techniques not only lowers costs for the hotel organization while enhancing product and service

quality. Building a solid foundation is vital for employees in this business.