Introduction to Supply Chain Management

Why do companies need SCM?

• To reduce costs, improve efficiency, ensure timely delivery, and satisfy customers.

• To increase product prices.

• To limit customer access to products.

What happens if one part of the supply chain fails?

• It can lead to delays, extra costs, or unhappy customers.

• It has no impact on the supply chain.

• It improves customer satisfaction.

A modern trend wherein Companies are trying to be more eco-friendly and fair in how they get materials and treat people

• Sustainability and Ethical Sourcing

• Enhances responsiveness to market changes.

• Globalization

Companies now get materials and make products all over the world, not just in one place. Sometimes, they also hire other companies to do parts of the work (like manufacturing or customer service).

is a secure, digital record system that helps companies track everything clearly and avoid cheating or errors

What is a supply chain?

• A marketing system used to promote products

• A group of people who sell at a marketplace

• A network of companies and activities that deliver a product or service

• A system used only by factories to store materials

Which of the following is an example of a supply chain?

• A customer buying a shirt from a store

• A farmer growing cotton, then selling it to a thread maker, then to a factory

• A truck driver going on vacation

• A bank giving a loan

Which of these is NOT typically a participant in a supply chain?

• Warehouse

• Customer

• Social Media Influencer

A company like FedEx or Lalamove would most likely be considered a:

• Manufacturer

• Distributor

• Retailer

• Producer

What is the main purpose of Supply Chain Management (SCM)?

• To manufacture all products internally

• To manage the flow of products, information, and money

• To build new factories around the world
  

• To sell products directly to competitors