Professional Documents
Culture Documents
1 when a buyer has complex requirements and plans to negotiate price and terms with the supplier this
is requested in the
2 its goal is to obtain the right materials by meeting quality requirements in the right quantity for
delivery at the right time and right place from the right source with the right service and the right price
C. SUPPLY MANAGEMENT
3 include all partially processed input or materials still not ready for sales
A WORK IN PROCESS
C HOLDING COSTS
6 seek to determine an optimal order quantity where the sum of the annual order cost and annual
carrying cost is minimized
7 an operational strategy whereby the company estimates its demand for raw materials and make sure
that raw materials are delivered on time
B JUST-IN-TIME
A MANUFACTURING
9 the process of putting together raw materials into desired output
10 generated when suppliers relationships are created and managed individual delivering quality
products delivering on time delivering at competitive prices providing good service backup when needed
and keeping promises
B DELIVERY
C, INTERNAL
13 the process where a company sells more of its current products by seeking and tapping new market
A. MARKET DEVELOPMENT
14, ts objective is to offer products and services at the lowest cost possible in the industry
15 an internal growth strategy where the company sells new products to an existing market
B. PRODUCT DEVELOPMENT
16 provides a variety of product services or product and service features that competitors do not offer or
are not able to offer to consumers
17 implemented when organization concentrates on a limited market segment and creates a market
niche based on differentiated features like design utility and practicality
18 its goal is to radically catapult or leapfrog the organization by completely introducing new product
and services through highly differentiated products and services of an organization
C INNOVATION STRATEGY
19 its objective is to perform better by making the structure lean streamlining wasteful and inefficient
processes
20 the more product or service is produced the lower cost for producing goods and rendering services
A ECONOMIES OF SCALE
Identification
=PURCHASE ORDER
2 is a raw material that is coded with brief but complete details like date identification number the
originating department the account to be charged complete descriptions of the robot aerial or service
and others
=VALUE CHAIN
4 our cost incurred for holding inventory in storage like her handling charges warehousing expenses
insurance pilferage encourage taxes and cost of capital
=CARRYING COST
5 is a broad continuum of specific activities employed by a company like purchasing production and
operation logistics and marketing and sales
=INVENTORY MANAGEMENT
9 consists of efficient warehousing inventory tracking order entry and management and distribution of
and delivery to customer
=LOGISTICS
11 refers to the span of time in days it takes for a stack to be delivered from the time interval like
13 are variable cost associated with blood placing an order with the supplier like managerial and clerical
cost in preparing the purchase
=ORDERING COST
=INVENTORY MANAGEMENT
15 include materials and supplies used when producing the products but not parts of the products
=ASSEMBLY
19 is the function of of physical packing finished goods or merchandise in a building room or any space
for temporary storage
=WAREHOUSING
20 is the act of organizing inventory units and booking them for delivery
=SCHEDULING
21 our strategies adopted by organizations to achieve their main objectives of increasing in volume and
turnover
23 is a product market mix growth strategy that involves creating differentiated products for new
customers
=DIVERSIFICATION
24 are essentially long term action plans prepared within the end goal of directing how an organization
will survive and compete
=COMPETITIVE STRATEGIES
25 provides a variety of product services or products and services features that competitors do not offer
or are not able to offer to consumers
26 refers to the lifespan of a commodity or service undergoes from its introduction stage to its growth
maturity and decline stage
=LIFE CYCLE
28 is implemented when an organization has reached a significant level of 9 for four months non
productivity demoralization and unprofitability
29 IS THE PHASE where the organization should start reinventing because the product ends to remain
steady and the number of competitors has increased
30 is the toughest and most challenging area to address for any organization undergoing turn around
strategy
ENUMERATION
1) Differentiation
2) Cost Leadership
Competitive Scope (2)
1) Broad
2) Narrow
2) Focused Differentiation
4) Cost Leadership
5) Differentiation
Four Cs
Macro-environment
Customers
Competitors
Collaborators
Company
Essay
Supply chain management is the practice of coordinating the various activities necessary to produce and
deliver goods and services to a business’s customers. Examples of supply chain activities can include
designing, farming, manufacturing, packaging, or transporting.
Supply chain management is important because it can help achieve several business objectives. For
instance, controlling manufacturing processes can improve product quality, reducing the risk of recalls
and lawsuits while helping to build a strong consumer brand. At the same time, controls over shipping
procedures can improve customer service by avoiding costly shortages or periods of inventory
oversupply. Overall, supply chain management provides several opportunities for companies to improve
their profit margins and is especially important for companies with large and international operations.
Ethics has become an increasingly important aspect of supply chain management, so much so that a set
of principles called supply chain ethics was born. Consumers and investors are invested in how
companies produce their products, treat their workforce, and protect the environment. As a result,
companies respond by instituting measures to reduce waste, improve working conditions, and lessen the
impact on the environment.
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing,
delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain,
while the other four elements specialize in the key requirements for executing that plan. Companies
must develop expertise in all five elements to have an efficient supply chain and avoid expensive
bottlenecks.
What Element of the Marketing Mix Deals With Supply Chain Management?
Place is the marketing mix element that deals with supply chain management as it involves the processes
that take goods and services from their raw beginnings to the ultimate destination—the customer.