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All 5 Flashcards — Supply chain management
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Question
What is SCM?
Answer
Supply chain management — coordinating all activities from sourcing raw materials to delivering the final product.
💡 Hint
Raw materials → customer
Question
SCM links to: location, outsourcing, ___, quality management
Answer
Reshoring — bringing production back to home country after supply chain problems.
💡 Hint
Reshoring
Question
Local supply chains: ___ lead times, easier ___ control
Answer
Shorter; quality — plus lower transport costs.
💡 Hint
Shorter + quality
Question
Global supply chains: lower ___ but more ___
Answer
Costs; complexity and risk.
💡 Hint
Costs vs risk
Question
COVID exposed the risks of ___
Answer
Relying on distant suppliers — global supply chain disruptions halted production worldwide.
💡 Hint
Distant/global supply chains
Read the notes
Full study notes for Supply chain management
Topic 5.6 hub
Production planning (HL only)
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