Quick Answer: What Are The Elements Of Supply Chain?

What are the four types of supply chains?

Supply chain models and simulations in SCM Globe are composed of just four types of entities: PRODUCTS; FACILITIES; VEHICLES; ROUTES.

These entities relate to each other and their interactions are what drive supply operations and produce the simulation results..

What are the elements of supply chain management quizlet?

Terms in this set (10)Customers. What products/services do customers want.Forecasting. Predicting timing and volume of customer demand.Design. Incorporating customer wants, manufacturability, and time to market.Capacity Planning. Matching supply and demand.Processing. … Inventory. … Purchasing. … Suppliers.More items…

What are the three components of a supply chain?

A company’s supply chain structure has three components: external suppliers, internal functions of the company, and external distributors.

What are the pillars of supply chain?

The five pillars of supply chain resiliencePillar 1 – Vulnerability.Pillar 2 – Management Culture.Pillar 3 – Procurement.Pillar 4 – Operations.Pillar 5 – Demand & Visibility.

What are the pillars of SCM?

The 5 Pillars of Procurement and Supply Chain ManagementValue for Money. In short this means that it is not necessarily the tender with the lowest price that is going to win the bid. … Open and Effective Competition. Government departments must take care that everybody has a reasonable chance to compete for tenders. … Ethics and Fair Dealing. … Accountability and Reporting. … Equity.

What are the five elements of supply chain management?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.