What is customer driven supply chain?
Delighting the customer to improve profitability For the winners, the principles of the customer driven supply chain are simple: Understand the needs of your customer and position your business to service those needs. Focus on enhancing customer service to drive sales.
Which two of the following combine to describe the objective of logistics management for a customer driven supply chain?
Which two of the following combine to describe the objective of logistics management for a customer-driven supply chain? quick response delivery system. total logistics cost. Which three of the following are the elements of dependability, one of the factors of supply chain customer service?
Which of the following statements best describes how a supply chain differs from a marketing channel?
Which of the following statements best describes how a supply chain differs from a marketing channel? a supply chain includes suppliers; marketing channels do not.
What is customer focus in supply chain management?
In short, customer-focused supply chain strategy maximizes value to. the ultimate customers of the supply chain in terms of both satisfaction with the product. and/or services and a relatively low total cost of the product and/or service. The study aims to underscore the significance of customer-focused supply chain.
What is customer-centric supply chain strategy?
Customer-centric supply chain refers to all customer experience improvement initiatives embedded in the process of moving finished products from suppliers to customers.
What are the features of supply chain management?
8 essential features of an effective supply chain management…
- Ability to integrate throughout the supply chain.
- Real-time and collaboration capabilities.
- Process optimization abilities.
- Analytics and forecasting.
- Customization.
- Cloud-based access and mobility.
- Security.
- Scalability.
What are features of services?
Features of Services – 4 Main Characteristics: Intangibility, Inseparability, Variability and Perishability
- Intangibility: Services are intangible, that is, they cannot be seen.
- Inseparability: Goods being physical entities are separable from their production systems.
- Variability:
- Perishability:
What is the importance of supply chain management?
Supply chain management is important because it can help achieve several business objectives. For instance, controlling manufacturing processes can improve product quality, reducing the risk of recalls and lawsuits while helping to build a strong consumer brand.
What is supply chain management and why is it important?
Supply chain management, or SCM, is the process of managing the manufacturing and movement of goods from your suppliers to your customers. If you have a supply chain manager or a team overseeing your supply chain processes, it’s their job to ensure your operations are optimal from start to finish.
Why supply chain management is important?
The ultimate goal of effective supply chain management is higher profits through improved customer satisfaction and a lower cost of doing business. Profits are healthier when costs are controlled and reduced wherever possible. Operating costs go down when the costs of raw materials and production go down.
What can effective and efficient supply chain management systems enable an organization to accomplish?
Effective and efficient supply chain management systems can enable an organization to decrease the power of its buyers.
Why is customer centric supply chain important?
It also gives the company new ways to connect with customers across the product life cycle. It’s never been harder to attract, delight, and retain customers than it is today. This is why reshaping the supply chain around customer needs is vital.
Why is the final customer important in the supply chain?
The customer is a key figure in the supply chain and their needs, values and opinions will affect the supplier decisions buyers make. In ‘How the strongest supply chains protect what customers cherish most’, Constantine G.
What is supply chain management discuss the features and components of supply chain?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return. Let’s deep dive into each component: Plan: Planning is imperative to control inventory and manufacturing processes.
What are the 4 features of services?
There are four characteristics of service: Intangibility, Inseparability, Variability, and Perishability (Kotler and Keller, 2007).
Which of the following is not a feature of services?
Explanation: ‘They do not require simultaneously production and consumption activity’ is the correct option because services are unique and have four characteristics that separate them from goods, i.e. perishability (i.e. cannot be stored like goods because of it’s nature of simultaneous production and consumption).
What is supply chain management discuss the features and components of supply chain management?
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.
What are components of supply chain management?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
What is the important of supply chain management?
What is the difference between marketing channels and supply chain management?
supply chain includes suppliers; marketing channels do not. An important feature of customer-driven supply chain management is its application of __________ that allows companies to share and operate systems for order processing, transportation scheduling, and inventory and facility management. sophisticated information technology
What is the importance of SCM in supply chain?
SCM also has a huge impact on the bottom line of a company. A good supply chain management can improve the efficiency of plants, warehouses, and transportation vehicles. Cash flow is directly increased because the delivery of a product is in a timely manner, and consumers can purchase their goods. Importance of Supply Chain Management
What is the importance of Supply Chain Management in cash flow?
Cash flow is directly increased because the delivery of a product is in a timely manner, and consumers can purchase their goods. It is well known that supply chain management is an integral part of most businesses and is essential to company success and customer satisfaction. The main importance of Supply Chain Management are:-
What is the objective of Logistics Management in a supply chain?
The objective of logistics management in a supply chain is to minimize total logistics costs while: deliver the appropriate level of customer service. Expenses associated with transportation, materials handling and warehousing, inventory, stockouts, and order processing costs are referred to as ________.: