Question: You are giving a presentation on the basic components of supply chain management to a Business 101 class at your local community college. Which of
You are giving a presentation on the basic components of supply chain management to a Business 101 class at your local community college. Which of the following should you include in your presentation to fully represent all the components of an SCM system?
A. The strategic component of SCM is planning all the resources and potential demands for your product; making is the manufacturing component where you organize orders from customers, manage warehouses, select delivery systems, and ensure accurate invoicing methods for your products; for the sourcing component, you need to find suppliers who fit within your defined pricing, delivery, and payment parameters, as well as managing their inventory inputs, outputs, and basic levels; delivery is the logistics component where you schedule the necessary events for production, testing, packaging, and preparation for delivery to customers, all of which is heavily monitored for metrics concerning quality, output, and productivity; return is the final component of SCM, where an effective network is developed to receive any defective, unwanted, or excess products back from customers, as well as help any customers whose orders were lost during the logistics component.
B. The strategic component of SCM is planning all the resources and potential demands for your product; for the sourcing component, you need to find suppliers who fit within your defined pricing, delivery, and payment parameters, as well as managing their inventory inputs, outputs, and basic levels; making is the manufacturing component where you schedule the necessary events for production, testing, packaging, and preparation for delivery to customers, all of which is heavily monitored for metrics concerning quality, output, and productivity; finally, delivery is the logistics component where you organize orders from customers, manage warehouses, select delivery systems, and ensure accurate invoicing methods for your products.
C. The strategic component of SCM is planning all the resources and potential demands for your product; for the sourcing component, you need to find suppliers who fit within your defined pricing, delivery, and payment parameters, as well as managing their inventory inputs, outputs, and basic levels; making is the manufacturing component where you schedule the necessary events for production, testing, packaging, and preparation for delivery to customers, all of which are heavily monitored for metrics concerning quality, output, and productivity; delivery is the logistics component where you organize orders from customers, manage warehouses, select delivery systems, and ensure accurate invoicing methods for your products; return is the final component of SCM, where an effective network is developed to receive any defective, unwanted, or excess products back from customers, as well as help any customers whose orders were lost during the logistics component.
D. The strategic component of SCM is planning all the resources and potential demands for your product; for the sourcing component, you need to find suppliers who fit within your defined pricing, delivery, and payment parameters, as well as managing their inventory inputs, outputs, and basic levels; making is the manufacturing component where you organize orders from customers, manage warehouses, select delivery systems, and ensure accurate invoicing methods for your products; delivery is the logistics component where you schedule the necessary events for production, testing, packaging, and preparation for delivery to customers, all of this is heavily monitored for metrics concerning quality, output, and productivity; return is the final component of SCM, where an effective network is developed to receive any defective, unwanted, or excess products back from customers, as well as help any customers whose orders were lost during the logistics component.
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