SCM 303 Study Guide - Final Guide: Value Proposition
Document Summary
Scm303 final exam study guide for conceptual questions 1. Supply chains are found in a wide variety of businesses. All major companies do not define their supply chain organizations in the same way. In a supply chain, upstream is toward suppliers while downstream is toward customers. In general, the tradability of goods has been increasing over time, spurring growth in supply chain. Advancements in transportation and communication have enabled supply chains to expand from mostly local to be more complex and global. Supply chain management comprises the three major disciplines of operations, logistics, and procurement. Common challenges in supply chain management include how to meet customer requirements, how to lower costs while improving quality, and how to align supply chains with the corporate competitive strategy. Effective supply chains are important because they lead to better financial performance. Compared to business unit strategies and functional strategies, corporate strategy is more big-picture, has less detail, and has the longest time horizon.
