Supply Chain Management In 6 Minutes | What Is Supply Chain Management? | Simplilearn
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In this video, we will learn What is Supply Chain Management in just 6 minutes using Apple Inc.'s iPhone 13 Pro as a compelling case study, we delve into the intricacies of supply delays and production cuts. We will Discover the key factors behind these challenges and explore how a sleek supply chain strategy can be crafted to navigate them effectively. Whether you're a student, professional, or simply curious about the dynamics of global supply chains, this concise yet comprehensive exploration is tailored just for you. Join us on this journey to unlock the secrets of Supply Chain Management excellence! Subscribe now for more educational content on business and technology.
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#SupplyChainManagement #WhatIsSupplyChainManagement #SupplyChainManagementExplained #SupplyChainManagementLecture #Simplilearn
✅What Is Supply Chain Management?
The term supply chain is a connected network of individuals, organizations, resources, activities, technologies involved in the manufacturing and sales of a product or service. Companies develop supply chains so that they can reduce their costs and remain competitive in the business landscape.
✅What Are The Stages of Supply Chain Management?
Five stages altogether formulate a supply chain management strategy. You will now discover them in brief:
⏩ Planning Operational Strategy: The main focus at this stage is to focus on designing a strategy that yields maximum profit.
⏩ Sourcing: Following the planning, the next phase is to develop or source. At this stage, you are primarily concerned with developing strong relationships with raw material suppliers.
⏩ Manufacturing (Making): The products are created, manufactured, tested, packaged, and synchronized for delivery at this step. The supply chain managers are tasked with arranging all manufacturing, testing, packaging, and delivery preparation activities.
⏩ Delivery: This phase deals with product sales and distribution of products across all retail stores. It is a logistics phase, where consumer orders are approved, and product delivery is set into motion.
⏩ Returns: This last phase controls the return of defective or damaged products by consumers. This level of the supply chain is frequently a source of contention for many businesses. Supply chain planners must devise a responsive and adaptable network for receiving damaged, faulty, and additional items from consumers and expediting the return procedure for customers concerned with supplied products.
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@hermosadios308
4 ай бұрын
Disposal
If all my college classes were presented this way,, I would retain everything. This helps my brain.
The answer is technically disposal, but if you are looking to create a sustainable business model and utilize that in your marketing (which in turn increases value for internal and external stakeholders) then you absolutely need to be concerned about disposal. It is a more holistic view of supply chain, but according to most current models the SCOR model is what we look at.
@banurigopalreddy4014
9 ай бұрын
Yes, you are right
It explains the fundamentals of supply chain management with a clear case study. Well done!
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@tanyasworld5923
2 жыл бұрын
Option D- Disposal
@sudharsanasurya
2 жыл бұрын
Disposal is the answer
@fazilzaid
2 жыл бұрын
It's option D : Disposal
@fabriceblay16000
2 жыл бұрын
But my name is not Alex ... D
@mohammadalshaikhhasan5091
2 жыл бұрын
Disposal
Disposal is the answer. Really great illustration and story @simplilearn team!
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal is the answer. Loved the animation and the way it helps to understand! 👌🏼
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@tynanwilliams3958
Жыл бұрын
Well done mate, you're actually GOATED
Got a clear idea of supply chain management . Thanks for this !!! And answer is D.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Your videos are always helpful. Thank you. The answer to the question is disposal.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
This sounds like a great resource for anyone interested in learning about supply chain management. The use of Apple's case study to illustrate supply delays and production cuts in the iPhone 13 pro adds a real-world perspective to the topic. It's great that the video covers various aspects of supply chain management, including strategy, operations, and job responsibilities. Overall, it seems like an informative and comprehensive resource for anyone looking to expand their knowledge of supply chain management.
@SimplilearnOfficial
Жыл бұрын
We are glad that you have enjoyed your learning experience with us : )
@sangimangirss700
7 ай бұрын
How are you typing language without any mistakes
Disposal. The question was answered already. Thank you for the video, very good learning material.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
thank you for this video, it is gonna help me a lot
supply chain efficiency essential for a supply chain.Thanks for the video.
@SimplilearnOfficial
Жыл бұрын
We're thrilled to have been a part of your learning experience, and we hope that you feel confident and prepared to take on new challenges in your field. If you're interested in further expanding your knowledge, check out our course offerings in the description box.
Disposal. As the name suggests Supply Chain deals with the supply of goods from the provider of Raw materials to final end product to customers and it's return as well (if any). But not with the disposal of product.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Thanks very well explained I was looking into supply chain attacks.
Very insightful, and easy to understand. Thank you very much!
D. Disposal ❣️ Please do more videos about SCM. I just got my diploma in SCM and it helps me a lot especially in my career. Worth it to learn and study the SCM.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@vasugupta6209
2 жыл бұрын
From where have you done your SCM?
@tynanwilliams3958
Жыл бұрын
Right on brother !!! Flipping legend.
@soukainaelkati5960
Жыл бұрын
hello, can i please have your linkdin if u don't mind
@Unleashing-Innovation
4 ай бұрын
Disposal is the answer very fun and exciting videos make more like this
Theoretically Disposal might be an option for many. But disposal do come under cicular and green supply chain management. There are lot imprtance given to supply chain sustainability by most of the companies now a days. Even the loyal customers of a brand or a company consider sustainability in the brand's or company's end to end Supply chain as a major critirea before choosing their product.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Thank you for creation that video, it is very helpful to easy know what supply chain management is. 😀
@SimplilearnOfficial
2 жыл бұрын
Glad it was helpful!
Disposal ! Thank u so much ! i dont need gift from u !! Ur channel itself is a gift !! Lots of love ❤️❤️
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
I enjoyed this video and got benefits from it thanks for your efforts
@SimplilearnOfficial
2 жыл бұрын
Glad it was helpful!
As per the case study in the video, Ans=Disposal. But I think that disposal and recycling is also a crucial part of supply chain which will make it a complete circle
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@mayogamerff8768
Жыл бұрын
Disposal
@arshadnaveen856
10 ай бұрын
What if disposal as in delivery ? then ans would be C
Disposal - Thanks for great knowledge.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Please do more video on supply chain management. 😊
@SimplilearnOfficial
2 жыл бұрын
Hope you enjoyed our video! We have a ton more videos like this on our channel. We hope you will join our community!
@joerader6532
Жыл бұрын
I haven’t ran into any company that actually has fully integrated EDI systems. Someone is still always having to get on computer or phone and order something. Supply chain is so popular now bc of the crap with COVID and shutdowns but don’t stress about it. If you’ve ran and inventory control or warehouse management systems, or purchasing departments, etc then you already know how the supply chain management works.
@vishalmiskin1912
Жыл бұрын
I have got the offer for supply chain management in volvo company should i consider it and join??
I don't think disposal/scrapping can be disregarded in SCM. Scrapping is as important and Sourcing when it comes to warehousing for maintaining warehouse space and hygiene.
@SimplilearnOfficial
2 жыл бұрын
The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal. I was looking for this at last found it. Thank you for this clear explanation 😍
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Supply chain management student and business major here. Disposal is the answer. Especially if the consumer disposes the product. However, if the consumer returns the product, say for warranty issues to get the product repaired or upgraded, that would not fall on disposal.
@SimplilearnOfficial
Ай бұрын
Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns.
Amazing explanation!
@SimplilearnOfficial
Жыл бұрын
Glad it was helpful!
Please do more in-depth videos on the Supply chain management
@SimplilearnOfficial
2 жыл бұрын
Stick around as we have a tutorial on the same coming up soon.
Good evening to all. I would say that of these four options, the one that is not under the supply chain is (A). The Logistics and the Manager are responsible for the strategy and the Supply chain for the purely business. It is enough to ask the reason for the existence of coordinators, warehouse managers etc..
@SimplilearnOfficial
Жыл бұрын
"Sorry, The correct answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns"
@prithviyadav5940
Жыл бұрын
Disposal
Thanks bro for this informative video. It helped me a lot.
@SimplilearnOfficial
Жыл бұрын
Always welcome
Thank you. Helpful video. The answer is Disposal.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal. Although closed-loop supply chains seem to be focused on sourcing materials from returned, trade-in, and disposed products.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
I couldn't complete the video because of the music.
@DANIEL-zu4yp
3 ай бұрын
Yeah, it's too loud and makes his voice inaudible.
@avijitghosh8811
2 ай бұрын
Where it's that loud?? 🤔
@sujitpathare3946
Ай бұрын
Same
@pg9187
Ай бұрын
Yes
Disposal, thanks for your informational video.
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Thank you for the video. The answer is D: Disposal
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
thanks for mentioning about India seperately.
@SimplilearnOfficial
Жыл бұрын
Hope you enjoyed our video! We have a ton more videos like this on our channel. We hope you will join our community!
@anonymoussingh6116
Жыл бұрын
Pheeling pruod 🤩🥳 endian army ☺
The answer is “Disposal” thanks for this very informative and simple illustration, awesome!
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Fantastic & simple Explanation in short video !
@sasi_4395
Жыл бұрын
I'm 27! Looking forward to my Master's in Operations & Supply Chain Management in UK Jan 23.
@SimplilearnOfficial
Жыл бұрын
Glad you liked it!
@sasi_4395
Жыл бұрын
@@SimplilearnOfficial I'm going to UK this January for my Master's in Supply Chain Management after my Bachelor's in Mechanical Engineer with 5 years industrial Experience. However, many asked what's the outcome of the course!? Instead of explaining a bit , your simple & short video is a fantastic explanation to share them. Thanks for the comments.
Nice video shows methods to improve your business.
@SimplilearnOfficial
2 жыл бұрын
Thanks for watching
the answer is d) disposal, the supply chain stage that deals with faulty products is returns, at this point they are sent back to the assembly facility for refurbishment, not disposal
@SimplilearnOfficial
2 жыл бұрын
"Congratulations, you got the right answer and are one of our 3 lucky winners of the contest. Please reply with your email ID to this comment to receive your Amazon gift voucher. The answer to the quiz is given below: The correct answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns"
Disposal is the answer Good video understood more about supply chain
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Planing operational strategy ➡️ sourcing ➡️ Making ➡️ dilivery 🌻
It will be very effective if you make a master class on SCM.
@SimplilearnOfficial
2 жыл бұрын
Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!
Answer is “Disposal” Thank you for this great video!
@SimplilearnOfficial
2 жыл бұрын
"""""""Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@canadaisgreat
2 жыл бұрын
@@SimplilearnOfficial so where’s my reward? =D
High-quality!
@SimplilearnOfficial
2 жыл бұрын
Thank you for the appreciation. You can check our videos related to various technologies and subscribe to our channel to stay updated with all the trending technologies.
I'll reference your video on my project
From the given options, which option does not fall under the stages of supply chain management. D) Disposal.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
The supply chain system didn't address "Disposal" It probably should as the need to better manage resources can be greatly impacted by recycling precious metals in electronic devices and maybe reduce the demand on mining.
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Answer is Disposal . Good insight on Supply chain with an apple 🍎 case study.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
such a simple hence a great presentation. the answer is Disposal.
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Of course Disposal shouldn't be the part of supply chain management.
@SimplilearnOfficial
Ай бұрын
Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns.
Question: From the given options, which option does not fall under the stages of supply chain management. Answer: D) Disposal.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Answer is disposal 😀 your videos are so nice do more.thanks
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal is the answer. Educative.
@SimplilearnOfficial
Ай бұрын
Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns.
All four are supply chain components, disposal is Returns management
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
The Answer is d) Disposal which does not fall under the stages of supply chain management.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
thank you, is it posible to remove or lower the volumen of the background music. thanks
Excellent learning g
@SimplilearnOfficial
Ай бұрын
We are glad that you have enjoyed your learning experience with us : )
Option D - Disposal
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal is not part of supply chain, but Apple could encourage customers to recycle their phones instead of disposing and have a repository for them
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@banurigopalreddy4014
9 ай бұрын
@@SimplilearnOfficial lol how can you dispose the goods?
I think D) Disposal is not one of the stages of Supply Chain Management And also, thanks for this beautiful informative lecture
@SimplilearnOfficial
7 ай бұрын
We're so glad that you enjoyed your time learning with us! If you're interested in continuing your education and developing new skills, take a look at our course offerings in the description box. We're confident that you'll find something that piques your interest!
thank you and God bless!
@SimplilearnOfficial
Ай бұрын
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!
Disposal is the answer
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Definitely Disposal is not the part of SCM
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Outstanding work! This content is setting a new standard. I recently read a similar book, and it was groundbreaking. "The Art of Meaningful Relationships in the 21st Century" by Leo Flint
@SimplilearnOfficial
5 ай бұрын
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favorite topics Have a good day!
Thank you❣️
@SimplilearnOfficial
Жыл бұрын
You’re welcome 😊
I appreciate the professional production of this video, but the information contained therein seems quite obvious.
@SimplilearnOfficial
2 жыл бұрын
Hope you enjoyed our video! We have a ton more videos like this on our channel. We hope you will join our community!
@logisticsboost
2 жыл бұрын
I guess because this video is kind of introduction to the topic especially for people new in the field...
Please make more videos on this topic
@SimplilearnOfficial
2 жыл бұрын
Hope you enjoyed our video! We have a ton more videos like this on our channel. We hope you will join our community!
This was a very informative video. I have to do a paper on Supply Chain Strategies, and this was very helpful. I think my paper will get an A after viewing this video. Thanks!
@SimplilearnOfficial
Жыл бұрын
Glad it was helpful!
Lovely and nice video 👍
@SimplilearnOfficial
Жыл бұрын
Thank you! Cheers!
best one💚
@SimplilearnOfficial
Жыл бұрын
Hello thank you for watching our video .We are glad that we could help you in your learning !
Well done
@SimplilearnOfficial
Ай бұрын
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!
great video, disposal
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Source determination is under material management, procurement is under production planning.
answer is disposal,because five stages are operational strategies,source,making,deliveryand returns.
Can you make a video about Lean Manufacturing .. Thank you ❤️
@SimplilearnOfficial
2 жыл бұрын
Great suggestion!
@brandonmerlyn
2 жыл бұрын
@@SimplilearnOfficial Thank you ❤️
Aside from Apple, what other company has this kind of supply chain management?
Great video, easily understood, loved the graphics. Answer is D) Disposal
@SimplilearnOfficial
Ай бұрын
Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns.
All of them fall under a Supply Chains' Operation. Planning, a definite. Manufacturing/making of the products. Sourcing and outsourcing. Disposal would also be included with returns to salvage all materials that could be recycled or reused.
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
I'm not gonna lie but this video taught me a lot than my prof did , it wasn't even sure what our prof is teaching lol . But thanks for lesson
@SimplilearnOfficial
2 жыл бұрын
Glad it helped!
It's basically "constant outsourcing and collaboration to create a product". The answer of the question is Disposal.
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
It would be better if you make more video of SCM.
@SimplilearnOfficial
2 жыл бұрын
Stick around as we have a tutorial on the same coming up soon.
the answer is C because it related to manufacturing supply chain starts suppliying delivering raw material for production and delivering final product after manufacturing for the same answer is c
@SimplilearnOfficial
2 жыл бұрын
"Sorry, The correct answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns"
great job on the video and wonderful explanation, please remove the background music it is disturbing.
@SimplilearnOfficial
Жыл бұрын
We are glad that you have enjoyed your learning experience with us : )
Disposal. Thank you...
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
🎯 Key Takeaways for quick navigation: 00:28 *📦 Supply Chain Basics* - Explanation of supply chain process for Apple products: - Entities involved: raw material suppliers, manufacturers, third-party logistics vendors. - Communication from manufacturing to delivery. - Importance of understanding supply chain management. 02:04 *🏭 Apple's SCM Stages* - Apple's five stages of supply chain management: - Planning an operational strategy. - Sourcing materials from suppliers. - Manufacturing at Chinese assembly plant. - Delivery to consumers and retail stores. - Handling returns and refurbishments. 04:09 *💥 Chip Shortage Impact* - Impact of worldwide chip shortage on Apple's supply chain: - Disruption due to COVID-19 pandemic. - Increased demand and scarcity of semiconductor supplies. - Resulting halt in production of iPhone 13 devices. Made with HARPA AI
wow..do more
D.Disposal .I would like to know more about this course.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
All aspects of SCM are important
@SimplilearnOfficial
Жыл бұрын
The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns.
Answer is Disposal. as it doesn't fall under the five stages of SCM
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
disposal ,but will be under which department ?
Disposal is the answer 😊
It's disposel.. because we will make use of that product machines if it's get any manufacturing problem or something .. I think the reason of disposal is crct acc to the supply chin of process of this!!
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
Disposal is the right answer.... I'm a commerce graduate and completed my post graduation specialized in Supply chain and logistics management but still wouldn't able to crack a job. Don't know why...
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
@sharondrew9576
4 ай бұрын
where did you do your post graduation from?
D Disposal may not be a feature of integrated network of SCM.
@SimplilearnOfficial
2 жыл бұрын
"Congratulations, you got the right answer and are one of our 3 lucky winners of the contest. Please reply with your email ID to this comment to receive your Amazon gift voucher. The answer to the quiz is given below: The correct answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns"
@vanitasinha4373
2 жыл бұрын
Have sent my Email address in your reply however not yet received any gift voucher.
@SimplilearnOfficial
2 жыл бұрын
Hello Vanita , sorry to hear that. Could you please send us your email address to anuraag.parida@simplilearn.net.
@vanitasinha4373
2 жыл бұрын
@@SimplilearnOfficial Ok.Thanks
planning operational strategy is a crucial part of the supply chain. Operational strategy involves determining how the various components of the supply chain will work together to achieve organizational goals. It encompasses the decisions and actions taken to design, plan, and manage the operations of the supply chain network. Operational strategy in the supply chain includes several key aspects: Demand forecasting: Organizations need to forecast customer demand accurately to ensure the right amount of inventory is available at the right time. Demand forecasting helps in planning production, procurement, and distribution activities. Inventory management: Effective inventory management is essential for balancing supply and demand. It involves determining optimal inventory levels, reorder points, safety stock, and managing inventory turnover. Proper inventory planning helps minimize stockouts and excess inventory, improving customer service and reducing costs. Production planning and scheduling: This involves determining the production capacity needed to meet customer demand and developing a production plan. It includes activities such as resource allocation, scheduling production runs, sequencing tasks, and managing production flow. Supplier management: Strategic decisions related to supplier selection, negotiation, and relationship management are critical for ensuring a reliable and efficient supply chain. This includes assessing supplier capabilities, establishing partnerships, managing contracts, and monitoring supplier performance. Logistics and distribution: Planning the movement of goods from suppliers to customers is another aspect of operational strategy. It involves decisions regarding transportation modes, warehouse location, distribution network design, and optimizing delivery routes. Technology and systems: Operational strategy also includes the adoption and implementation of appropriate technology and systems to support efficient supply chain operations. This may involve utilizing software for demand planning, inventory management, production scheduling, and data analytics. sourcing is a critical component of the supply chain. It involves the process of identifying, evaluating, selecting, and establishing relationships with suppliers who can provide the necessary goods, materials, or services to support the organization's operations. Sourcing activities within the supply chain include: Supplier identification: This involves researching and identifying potential suppliers that can meet the organization's requirements in terms of quality, price, capacity, lead times, and other criteria. Supplier evaluation and selection: Once potential suppliers are identified, an evaluation process is conducted to assess their capabilities, reliability, financial stability, quality standards, and other factors. The organization then selects the most suitable suppliers to engage in business relationships. Negotiation and contracting: Sourcing includes negotiating terms and conditions with selected suppliers, including pricing, payment terms, delivery schedules, quality expectations, and other contractual terms. Contracts are established to formalize the relationship and outline the rights and obligations of both parties. Supplier relationship management: After establishing relationships with suppliers, ongoing management and collaboration are essential. This involves monitoring supplier performance, maintaining communication channels, resolving issues or disputes, and fostering collaboration to achieve mutual goals. Sourcing decisions have a significant impact on the overall supply chain performance. Effective sourcing practices can contribute to improved product quality, reduced costs, increased supply chain responsiveness, and enhanced customer satisfaction. Conversely, poor sourcing decisions can lead to supply disruptions, quality issues, increased costs, and negative impacts on customer service. It's important to note that sourcing extends beyond just selecting suppliers. It also involves strategic considerations such as make-or-buy decisions (deciding whether to produce internally or outsource), identifying alternate sources of supply for risk management, and exploring opportunities for supplier collaboration and innovation. Overall, sourcing plays a vital role in the supply chain by ensuring the availability of the right materials, goods, or services from reliable and capable suppliers, thereby supporting the smooth flow of products and services to customers. the process of making products is an integral part of the supply chain. The supply chain encompasses all the activities and processes involved in creating and delivering products or services to customers. The manufacturing or production phase of the supply chain involves transforming raw materials, components, or inputs into finished goods. It typically includes activities such as sourcing raw materials, managing inventory, production planning and scheduling, manufacturing operations, quality control, and packaging. Manufacturing processes can vary significantly depending on the industry, product type, and company's specific operations. They may involve various techniques, such as assembly lines, batch production, continuous flow processes, or customized production methods. The efficiency and effectiveness of the manufacturing phase are crucial for the overall performance of the supply chain. It impacts factors like product quality, production costs, lead times, and customer satisfaction. Organizations strive to optimize their manufacturing processes to ensure timely production, minimize waste, control costs, and maintain product consistency. By integrating the manufacturing phase into the broader supply chain, organizations can achieve better coordination and synchronization across different stages. This integration enables companies to manage the flow of materials, information, and resources more effectively, resulting in improved operational efficiency and customer responsiveness. Overall, making products is a fundamental component of the supply chain, and its seamless integration with other stages contributes to the success of the entire supply chain network. disposal can be considered as a part of the supply chain, particularly in terms of reverse logistics. Reverse logistics involves the flow of products or materials from the consumer back to the manufacturer or point of origin. Disposal, in this context, refers to the proper handling and management of products or materials at the end of their lifecycle. In a typical supply chain, products go through various stages such as procurement, manufacturing, distribution, and finally, consumption. After consumption, products may become waste or reach the end of their useful life. Disposal encompasses the processes and activities involved in managing this waste or end-of-life stage. Disposal practices can vary depending on the nature of the product or material. It may involve recycling, reusing, refurbishing, remanufacturing, or properly disposing of waste according to environmental regulations. Efficient disposal practices are essential for minimizing the negative environmental impact of products and materials and for complying with legal requirements. Including disposal in the supply chain allows organizations to optimize resource utilization, reduce waste generation, and potentially recover value from discarded products or materials. It is becoming increasingly important as sustainability and environmental considerations gain prominence in business operations.
(D-Disposal) cleared explained
@SimplilearnOfficial
Жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
d. Disposal; you cannot dispose that which has not seen an active life span. after making you must first deliver to the consumers for consumption. disposal in this case will be done by consumers.
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."
D. Disposal. But could be under discussion
@SimplilearnOfficial
2 жыл бұрын
"Hello! You're absolutely right!. The answer is D) Disposal The five stages of supply chain management (SCOR model) are Planning, Sourcing, Making, Delivery, and Returns."