Firms often use a single supplier for important components to mitigate the risks of total supply disruption. O True O False
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- Explain why each of these is critical for a successful supply chain operation: e. Event-response capabilityExplain the concept of a supply chain with an example of a product of your choice.Explain supply chain management. Explain the ‘bull whip’ or Forrester effect with an example.The concept of Supply Chain Management (SCM) emphasizes co-operation and collaboration among the firms within a given supply chain. The essence of this concept is that when the firms in a supply chain collaborate, it leads to a win-win situation, i.e. all firms will gain.’ (Van Der Heijden, 2009). Discuss the implications of this statement and how this ‘win-win situation’ can be achieved.
- “Supply chain management has been a very vital tool in the competitive world of business, and this depends on the product and its supply chain. Managing inventory is a critical activity for the success of supply chain since inventory impacts the costs of goods sold as well as supports customer service”. Discuss the validity of this statementThe concept of Supply Chain Management (SCM) emphasizes co-operation and collaboration among the firms within a given supply chain. The essence of this concept is that when the firms in a supply chain collaborate, it leads to a win-win situation, i.e. all firms will gain.’ (Van Der Heijden, 2009). Discuss the implications of this statement and how this ‘win-win situation’ can be achieved.(course hero)Discuss the factors that possibly lead to the inefficiency of a sequential supply chain (in terms of total supply chain profit) compared to an integrated supply chain.
- . All the following behaviours are possible obstacles to supply chain coordination, except _____a) Each stage of the supply chain views its actions locally and is unable to see the impact ofits actions on other stagesb) Different stages of the supply chain react to the current local situation rather than trying toidentify the root causesc) Based on local analysis, different stages of the supply chain blame each other for thefluctuations, with successive stages in the supply chain becoming enemies rather thanpartnersd) None of the aboveAllocating business among suppliers is a key component of making your supply chain ___________?
