Supply Chain Mgt.

What is a value chain?

• Producing valuable products

• Set of activities that add value to raw materials and sub products

• Value created by consumer

• Selling a valuable product

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Value Chain

What activity is not value adding to the product?

• mining of gold

• loading a truck

• producing a car

• making a "ready-to-drink" juice

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Value Chain

Value chain components are:

• customers and consumers

• finished goods manufacturers and wholesalers

• raw material manufacturers, wholesalers and retailers

• all mentioned above

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Value Chain

How to create value to a product that consumers are willing to pay for?

• produce and deliver

• have a good marketing strategy

• store and count

• all mentioned above

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Value Chain

How supply chain activities can help to form a value chain?

• Transport goods

• Connects all parts of value chain

• Add value by storing valuable products

• Moving value throughout the value chain

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Value Chain

What activity is not part of Supply Chain core process?

• quality management

• warehousing

• distribution

• reverse logistics

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Supply Chain

Meaning of the acronym EDI?

• Electronic Data Information

• Electronic Data Interchange

• Electronic Device Interchange

• Electronic Device Information

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Supply Chain

How does RFID Technology beneficial?

• universal technology in that they are the norm for retail products 

• eliminates the need for manual counting

• less expensive than other technologies

• Can read tags from a greater distance

How big percentage of company's current assets are usually tied up in inventory?

• Less than 10%

• 80%

• 50%

• 25%

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Supply Chain

What logistics cost is variable cost?

• rent of a 2-hectare land

• transport of goods from point A to point B

• cost per item delivered

• labor cost per fixed contract

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Supply Chain