List and define the six major drivers of supply chain performance
What will be an ideal response?
Answer: Facilities are the places in the supply chain network where product is stored, assembled, or fabricated. The two major types of facilities are production sites and storage sites.
Inventory is all raw materials, work in process, and finished goods within a supply chain. Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.
Transportation entails moving inventory from point to point in the supply chain. Transportation can take the form of many combinations of modes and routes.
Information consists of data and analysis concerning facilities, inventory, transportation, and customers throughout the supply chain. Information is potentially the biggest driver of performance in the supply chain as it directly affects each of the other drivers.
You might also like to view...
Min's company is implementing a new product approval system that is far more complex and restrictive than the old system. This will not affect Min directly because she is in the marketing department, but it will affect her friend Tyler, who is in the Research and Design department. As a result, Min speaks out against the new system. This is an example of resistance to change due to ______.
Fill in the blank(s) with the appropriate word(s).
A relatively superficial consideration of evidence and information making use of heuristics is defined as ________
A) serial processing B) depth processing C) parallel processing D) controlled processing E) automatic processing