Supply Chain Fundamentals and Decision Strategies

From the study guide

Course Outline

  1. Supply chain definitions and flows
  2. Supply chain functions and components
  3. Supply chain objectives, constraints and partners
  4. Supply chain management and decision levels
  5. Supply chain modeling and decision problems
  6. Aggregate planning strategies and methods
  7. Aggregate planning case study scenarios
  8. Supplier selection as multicriteria decision
  9. Analytic Hierarchy Process for supplier choice

1. Supply chain definitions and flows

Key Concepts & Definitions

  • Supply chain: A supply chain is a network of parties that move goods and services and coordinate information and money from raw materials to customers.
  • Goods and services flow: A goods and services flow is the physical movement and transformation of products and services along the supply chain.
  • Information flow: An information flow is the exchange of data that supports planning, forecasting, and coordination across supply chain activities.
  • Financial flow: A financial flow is the movement of payments and related cash flows between supply chain parties.
  • Supply chain components: Supply chain components are the people and organizations plus the material, information, and financial elements that interact through flows.

Essential Points

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Practice quiz preview

1. Which supplier had the highest weighted score in the example?

2. What is the main purpose of supply chain management?

3. What is the main goal of aggregate planning in this course?

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Flashcard preview

Supply chain β€” definition?

Network of parties moving goods, info, money.

Goods and services flow β€” role?

Physical movement and transformation of products.

Information flow β€” mechanism?

Exchange of data for planning and coordination.

Financial flow β€” movement?

Payments and cash flows between parties.

Supply chain components β€” elements?

People, organizations, materials, info, finances.

Supply chain management β€” goal?

Optimize stakeholder value across the chain.

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Frequently asked questions

What does the Supply Chain Fundamentals and Decision Strategies study guide cover?

It covers the core concepts of Supply Chain Fundamentals and Decision Strategies, organized by topic with the key definitions, explanations and takeaways, so it's easier to learn and remember.

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How many questions are in the Supply Chain Fundamentals and Decision Strategies quiz?

The practice quiz has 18 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.

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How do I study Supply Chain Fundamentals and Decision Strategies with flashcards?

There are 18 flashcards on Supply Chain Fundamentals and Decision Strategies, with a question on the front and the answer on the back. Try to recall each answer before you flip, and let spaced repetition bring back the ones you miss.

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