MOD-2-REV - 1 Adam Butler Module 2 Review Questions 1 What best describes the evolution of supply chain management The root of supply chain is in 1911

MOD-2-REV - 1 Adam Butler Module 2 Review Questions 1 What...

This preview shows page 1 - 2 out of 2 pages.

1 Adam Butler Module 2 Review Questions 1. What best describes the evolution of supply chain management? The root of supply chain is in 1911 when research made on how to improve manual loading process. Thereafter, operation research began where scientists demonstrated the value of analytics in the study of military logistics at the time of World War II. In 1950s the concept was extended to Transportation management. In 1960s and 1970s, inventory optimization done due to the computerization. (Robinson, 2015) 2. What are the supply chain management phases and the types of relationships that occur? Supply chain management can be classified into five phases. The first phase, planning, is where company executives and managers develop strategies to manage resources for timely product delivery. The second phase, choosing suppliers, is where mangers are responsible for developing a system for pricing delivery and payment. The third phase, manufacturing, is where manger schedules activities that are necessary for production, testing, packaging and preparation for delivery of goods or services to customers. The fourth phase, delivery, is where mangers coordinate order receipts, develop a network of warehouses and choose their carriers. The fifth phase, detect and excess, is where managers need to review their system of supporting customers who have problems with product delivery. The types of relationships that occur are: Raw material supplier:
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes