What are the possible types of relationships in the supply chain?
- Vendor — These relationships are primarily transactional. …
- Strategic Alliance — Strategic alliances are more entwined. …
- Partnership — In partnerships, both parties work closely together to customize their business strategies to produce positive results.
- Vendor — These relationships are primarily transactional. ...
- Strategic Alliance — Strategic alliances are more entwined. ...
- Partnership — In partnerships, both parties work closely together to customize their business strategies to produce positive results.
What are the four types of supply chains?
What are the four types of supply chains?
- The “Efficient” Supply Chain Model.
- The “Fast” Supply Chain Model.
- The “Continuous-Flow” Supply Chain Model.
- The “Agile” Supply Chain Model.
- The “Custom-Configured” Supply Chain Model.
- The “Flexible” Supply Chain Model.
What are the types of Supply Chain Strategies?
the characteristic profile of six generic supply chain types: efficient, fast, continuous-flow, agile, custom-configured, and flexible.
What are the best practices for supply chain?
- An organization’s supply chain is a critical business process, not just a business function. ...
- Supply chain development is now driven by customers, with shorter lead times and increasing customer expectations. ...
- Improving efficiency and optimizing performance are the top areas of focus for supply chain executives. ...
What are the three types of flow in supply chain?
- The Product Flow – The product flow involves the movement of goods from a supplier to a customer. ...
- The Information Flow – The information flow centers on transmitting orders and updating the status of delivery.
- The Financial Flow – The financial flow involves credit terms, payment schedules, and consignment and title ownership arrangements.
What is relationships in supply chain management?
Supplier relationship management is used by supply chain professionals who regularly deal with suppliers in areas such as procurement, project management and operations. Sometimes called supply chain relationship management, SRM is one of the many disciplines of supply chain management.
What are the 3 important types of supply chain collaborative relationships?
Levels and types of collaboration across the supply chainLevel 1: Members within a team.Level 2: Cross-team, same unit.Level 3: Cross-unit, same org.Level 4: Cross organizations, tactical.Level 5: Cross organizations, strategic.
What are the 3 types of supply chain?
The 3 Levels of Supply Chain Management: Strategic, tactical and operational. The three levels of supply chain management are strategic, tactical and operational.
What are the 4 main areas of supply chain?
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.
Why are relationships important in supply chain?
By placing relationships at the centre of supply chain management, it is possible to create a more collaborative and effective dynamic. Buyers that work well with their suppliers are better placed to get their compliance when it comes to new rules and regulations.
What are the 3 steps in supplier chain relationship management?
Three distinct phases – plan, implement and operate – can really make the difference when implementing a successful SRM programme.
What are the 5 types of supply chain?
Here are six types of supply chain models that can drive supply chain management for a business:Continuous Flow. This is one of the most traditional models on the list. ... Fast chain. The fast chain model is one of the new names in supply chain strategies. ... Efficient Chain. ... Agile. ... Custom-configured. ... Flexible.
What are the four 4 stages of supply chains?
What are the components of your supply chain you should be focusing on right now?INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. ... OPERATIONS. ... PURCHASING. ... DISTRIBUTION.
What are the top 3 elements of supply chain?
Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery). Sometimes logistics is separate, and procurement may be included with Purchasing, depending upon how location specific the procurement activities are.
What are the 7 supply chain functions?
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
What are 5 key roles in the supply chain?
What roles are available in procurement and supply chain?Buying products or services. Purchasing is a key component of any procurement role. ... Managing procurement processes. ... Supplier relations. ... Understand business goals and objectives. ... Policy management. ... Sustainability & Ethics. ... Manufacturing. ... Merchandising.More items...•
What are the five 5 basic 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 are the three 3 important aspects of collaboration?
7 Essential Elements of CollaborationCooperation.Assertiveness.Autonomy.Responsibility/Accountability.Communication.Coordination.Mutual Trust and Respect.
What are 3 characteristics of collaborative partnerships?
There are three types of collaboration: creative – where two or more people create something to achieve a specific goal, connective – bringing together information from disparate sources, and. compounding – where a team builds on previous achievements to reach further.
What are the types of collaborative partnerships?
Types of Collaborative WorkingTeam Collaboration. This is one of the most common types of business collaboration in the workplace. ... Community Collaboration. ... Network Collaboration. ... Cloud Collaboration. ... Video Collaboration. ... Internal Collaboration. ... External Collaboration. ... Strategic Alliance.
What are the 3 C's of managing relationships with customers and suppliers?
At its foundation are three components: capability, capacity and compatibility.
What are the relationships in supply chain?
The term "relationships" covers a lot of ground in supply chain management. There are strategic relationships, tactical relationships, transactional relationships, internal relationships, and possibly more. There are also relationships among members of the supply chain community. Let's look at those first.
Why is it important to build a LSP relationship?
Building a successful LSP relationship is absolutely essential to their successful use. Open and full communications are vital from the outset, beginning with the evaluation and selection processes. Multilevel working relationships throughout both organizations provide the key to making processes work and to effectively solving the problems that inevitably crop up.
What are supply chain management strategies?
Supply chain management is not unique; it can benefit from the tactics and techniques applied across all types of business operations. But there are some specific examples within the supply chain community that illustrate areas where honest-to-goodness management consultants can add genuine value: 1 Creating a conceptual, overall supply chain design 2 Designing a physical distribution network 3 Creating supply chain strategies for service and performance 4 Performance and practices diagnostics, including for overall supply chain and for specific components (transportation, warehousing, sourcing and procurement, manufacturing integration, information technology, and supplier and customer relations) 5 Litigation support for either a plaintiff or defendant 6 Across-the-board or targeted cost-reduction analysis and implementation 7 Transportation management analysis and improvement 8 Facility location, retrofit and upgrade, and/or operations improvement 9 Software evaluation, selection, and implementation 10 Training and education in supply chain management concepts and components 11 Metrics design, implementation, and analysis 12 Supplier management programs 13 Process design and re-engineering 14 Due diligence on other studies 15 Performance management programs
What are the three estates of supply chain?
We might, without stretching too far, term them the First Estate—the academic community (or the "clergy"); the Second Estate —the consultants and software developers (or the "nobility"); and the Third Estate—the working practitioners (or the "commoners"), led then as now by the bourgeoisie of visible, leadingedge advocates. There is also a kind of Fourth Estate (or the "press") in supply chain management, but the trade press generally does not play the same watchdog role as its counterpart in the outside world.
What is CPFR in business?
The collaborative planning, forecasting, and replenishment (CPFR) process works both ways.
Why are relationships between businesses and all levels of government important?
Governmental and regulatory bodies can provide restrictions and incentives, regulations and freedom, and roadblocks and opportunities for individual companies.
What is the role of senior management in the supply chain?
Senior management must include the supply chain organization in the strategic information loop, while the supply chain organization must let the C-level officers know what it can do to support strategies. This means joint planning and joint problem solving.
What is the difference between reward and expert power?
Expert power creates a dependency on the entity perceived as having the greatest knowledge. Reward power can be a mutually-beneficial relationship where each entity gets something they want. Coercive power uses the idea of punishment or retribution so that one entity can get its way.
What are the relationships in supply chain?
Relationships in supply chain channels are often based on some form of power that one entity holds over another. There are six common types of power in these relationships that influence which entity is dependent on the other. Different types of power can cause problems in the relationships between channel members.
What is the advantage of information withheld?
This gives one entity an advantage in the relationship over the other. Information withheld or used to control the relationship can cause problems in the relationship, but information shared may cause the entity holding it to relinquish its power.
Why do grocery stores compile data?
A grocery store may compile data on its loyalty program that could be beneficial to a manufacturer trying to decide whether to place its product in those stores. Withholding that information, for example, can cause the manufacturer to avoid doing business with the grocery store. Lesson Summary.
What is coercive power?
Coercive power: Coercive power has the potential to breed nasty relationships between entities because it is based on the idea of punishment or retribution. For example, a superstore may threaten to stop placing orders with a manufacturer if they do not lower their prices or offer them a greater volume discount.
Why does Coca Cola ask Target to place its products in a prominent location in the store?
Coca-Cola, for example, may ask Target to place its products in a prominent location in the store in exchange for giving Target a deeper price cut on its goods. In this relationship, power is equal ly distributed because each party is getting something that benefits them.
What is expert power?
Expert power: In this relationship, knowledge is king. Power is given to the entity that is believed to be more knowledgeable or skilled. Companies like Ulta and Sephora wield expert power because consumers trust them as the expert in cosmetics and hair care.
How to write a purchase decision?
After studying the chapter you should be able to: 1 know the different types of purchasing decision and their characteristics; 2 understand the key processes in the purchase decision; 3 demonstrate understanding of the different types of buyer-supplier relationships and their relative merits; 4 analyse and evaluate the key issues in purchasing and supply management decisions.
What are the factors that determine the relationship between supply chain and supply chain?
Relationships and structures within the supply chain are determined by a number of factors: industry structure, characteristics, competitive rivalries, numbers of suppliers and buyers, nature of products and services, industry and organizational cultures.
What is an inter-organizational relationship?
Relationships exist between organizations (inter-organizational), between specific groups of people inside the organizations in business relationships, e.g. buyers and sellers, and inside the organizations themselves (intra-organizational).
Is procurement the same as purchasing?
Purchasing and Procurement. Purchasing and procurement are often treated as meaning the same thing. However, strictly speaking procurement is wider than purchasing and involves acquisition of goods and services in any way...
What chapter is SCM 301?
Start studying scm 301 chapter 10. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
What is the effect of too few suppliers on supply chain?
The use of too few suppliers increases supply chain risk.
What is the effect of suppliers on economies of scale?
Suppliers gain economies of scale and as a result incur lower costs.
Why hold higher inventory levels of critical materials?
Holding higher inventory levels of critical materials to allow more time to react if a disruption occurs
Is it difficult for a firm to integrate information and materials flows with supplier?
It may be difficult for a firm to integrate information and materials flows with supplier.