Fun with Supply Chain Management

What do we call the things we keep in a store?

• supplies

• products

• inventory

• merchandise

How do we move products from one place to another?

• Products are moved by storing them indefinitely in warehouses.

• Products are moved through digital transactions without physical movement.

• Products are moved using manual labor and hand carts.

• Products are moved using transportation methods like trucks, trains, airplanes, and ships.

Who do we talk to when we need more supplies?

• inventory clerk

• delivery driver

• warehouse staff

• supply manager

How can we guess how much of a product we will need?

• Analyze historical data and market trends to forecast product needs.

• Use random numbers to decide the quantity.

• Estimate based on personal preferences.

• Follow competitor's product offerings without analysis.

What is it called when we plan how to make things?

• Modeling

• Prototype

• Design

• Blueprint

How do we make sure our products are good quality?

• Implement a rigorous quality control process.

• Conduct random product testing only.

• Focus solely on customer feedback.

• Reduce production costs at all costs.

What do we call the place where we keep extra items?

• garage

• storage

• closet

• warehouse

Why is it important to have a good delivery system?

• It is important to have a good delivery system to ensure timely, accurate, and efficient delivery of products, which enhances customer satisfaction and reduces costs.

• Timely delivery is less important than product quality.

• Delivery systems do not impact customer satisfaction.

• A good delivery system is only necessary for large companies.

What is a good way to keep track of what we have?

• Store items in random places.

• Sell everything immediately.

• Ignore the items we have.

• Create an inventory list.

How do we decide which suppliers to work with?

• Work with suppliers recommended by friends without further evaluation.

• Choose suppliers based on their location only.

• Select suppliers who offer the highest discounts regardless of quality.

• Evaluate reliability, quality, pricing, delivery, customer service, financial stability, and reputation.