Review
Questions
and
Self-‐Study
Questions:
1. Describe
supply
chains
and
explain
why
“supply
network”
may
be
a
more
accurate
term.
• Supply
chain
is
commonly
used
to
refer
to
a
collection
of
companies
and
processes
involved
in
moving
a
product
from
the
suppliers
of
raw
materials,
to
the
suppliers
of
intermediate
components,
to
final
production,
and
ultimately,
to
the
customer.
• Supply
network
may
be
a
more
accurate
term
because
it
is
the
flow
of
materials
to
customers
through
the
various
interrelated
parties
involved
in
moving
raw
materials,
to
intermediate
components,
and
finally
to
the
end
product
within
the
production
process.
2. What
are
the
two
process
innovations
enabled
by
effective
collaboration
within
supply
networks?
• Just-‐in-‐time
production
and
vendor-‐managed
inventory
3. Explain
how
effectively
managing
the
supply
chain
can
help
an
organization
be
a
responsible
social
citizen.
• Effectively
managing
the
supply
chain
can
help
an
organization
be
a
responsible
social
citizen
by
having
sustainable
business
practices.
Ethical
treatment
of
workers
is
an
area
of
scrutiny.
Also,
a
company
can
try
minimizing
their
carbon
footprint
by
utilizing
technology
to
reducing
greenhouse
gas
emissions,
restrict
the
use
of
hazardous
materials,
implement
environmentally
friendly
packaging
policies,
etc…
4. How
does
SCP
differ
from
SCE?
• Supply
Chain
Planning
(SCP):
involves
the
development
of
a
various
resource
plans
to
support
the
efficient
and
effective
production
of
goods
and
services.
• Supply
Chain
Execution
(SCE):
is
simply
the
execution
of
SCP.
It
puts
SCM
planning
into
motion
and
reflects
the
processes
involved
in
improving
collaboration
of
all
members
of
the
supply
chain.
5. How
does
supply
chain
visibility
help
an
organization
react
to
external
events?
• Supply
chain
visibility
refers
to
the
ability
to
track
products
as
they
move
through
the
supply
chain
but
also
foresee
external
events.
6. Contrast
supply
chain
effectiveness
and
supply
chain
efficiency.
• Supply
chain
effectiveness
is
the
extent
to
which
a
company’s
supply
chain
is
focusing
on
maximizing
customer
service
regardless
of
procurement,
production,
and
transportation
costs.
• Supply
chain
efficiency
is
the
text
to
which
a
company’s
supply
chain
is
focusing
on
minimizing
procurement,
production,
and
transportation
costs,
sometimes
sacrificing
excellent
customer
service.
7. What
is
XML,
and
how
does
it
impact
SCM?
• XML
is
extensible
markup
language
which
is
a
data
presentation
standard
first
specified
by
the
World
Wide
Web
Consortium,
an
internal
consortium
of
companies
whose
purpose
is
to
develop
open
standards
on
the
web.
XML
impacts
SCM
in
that
it
can
aid
companies
in
developing
an
application
for
doing
web-‐based
ordering,
for
checking
on
and
managing
inventory,
for
signaling
a
supplier
that
more
parts
are
needed,
for
alerting
a
third-‐party
logistics
company
that
a
delivery
is
needed,
etc…
8. What
is
RFID,
and
how
does
it
impact
SCM?