Supply chain — definition?
Network of parties moving goods, info, money.
Goods and services flow — role?
Physical movement and transformation of products.
Information flow — mechanism?
Exchange of data for planning and coordination.
Financial flow — movement?
Payments and cash flows between parties.
Supply chain components — elements?
People, organizations, materials, info, finances.
Supply chain management — goal?
Optimize stakeholder value across the chain.
Supply chain functions — include?
Sourcing, transport, storage, production, sales.
Supply chain objectives — primary?
Meet demand, minimize costs, maximize service.
Constraints — internal or external?
Both; e.g., capacity (internal), regulations (external).
Supply chain partners — examples?
Suppliers, manufacturers, distributors, retailers, customers.
Decision levels — types?
Strategic, tactical, operational.
Aggregate planning — purpose?
Balance capacity with forecast demand.
Chase strategy — approach?
Match production to demand each period.
Level strategy — approach?
Maintain steady production and workforce.
Supplier selection — method?
Multicriteria decision analysis.
AHP — what?
Analytic Hierarchy Process for ranking options.
AHP steps — include?
Criteria, pairwise comparisons, weights, scores.
AHP consistency — check?
Calculate CI and compare to threshold.
Answer 18 questions on Supply Chain Fundamentals and Decision Strategies.
1. Which supplier had the highest weighted score in the example?
2. What is the main purpose of supply chain management?
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