Back to Topic 5.6 — Production planning (HL only)
5.6.1BM HL5 flashcards

Supply chain management

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Card 1 of 55.6.1
5.6.1
Question

What is SCM?

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All 5 Flashcards — Supply chain management

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Card 1definition

Question

What is SCM?

Answer

Supply chain management — coordinating all activities from sourcing raw materials to delivering the final product.

💡 Hint

Raw materials → customer

Card 2concept

Question

SCM links to: location, outsourcing, ___, quality management

Answer

Reshoring — bringing production back to home country after supply chain problems.

💡 Hint

Reshoring

Card 3concept

Question

Local supply chains: ___ lead times, easier ___ control

Answer

Shorter; quality — plus lower transport costs.

💡 Hint

Shorter + quality

Card 4concept

Question

Global supply chains: lower ___ but more ___

Answer

Costs; complexity and risk.

💡 Hint

Costs vs risk

Card 5concept

Question

COVID exposed the risks of ___

Answer

Relying on distant suppliers — global supply chain disruptions halted production worldwide.

💡 Hint

Distant/global supply chains

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