Preview

The culture of Quality at Arnold Palmer Hospital

Powerful Essays
Open Document
Open Document
2886 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The culture of Quality at Arnold Palmer Hospital
Chapter
Supply-Chain Management
Discussion Questions
1. Supply-chain management is the management of the activities that procure raw materials, transform them into intermediate goods and final products, and deliver the products to customers through a distribution system.
2. The supply-chain function’s role is to help identify the products and services that can best be obtained externally; develop, evaluate, and determine the best supplier, price, and delivery for them.
3. The objective of logistics is to obtain efficiency of operations through the integration of all material acquisition, movement, and storage activities in the firm.
4. Table 11.3 identifies types of supply-chain risk:
Supplier failure
Logistics and distribution failures
Political/regulatory changes
Economic/legal changes
Natural catastrophes
Theft, vandalism, and terrorism
5. Vertical integration implies that a manufacturer moves backward into purchasing raw materials for components and forward into packaging and distribution. An example would be a coffee blender moving backwards by buying coffee plantations and moving forward to develop retail coffee shops.
6. The three basic approaches to negotiation are:
The cost-based model
The market-based model
Competitive bidding
7. The adversarial relationship must be changed dramatically to one of trust and the establishment of long-term relationships. To im­plement long-term relationships, purchasers must move to com­municating the broad objective of the firm and the end customer. This usually requires sharing product information and schedules.
8. There are differences between postponement and channel assembly. Postponement implies that the final product is not assembled until it is shipped, usually with some modular features such as the power system for a printer. However, channel assembly actually moves assembly to the wholesale level where parts are received and assembly takes place. They are related but different.

9. CPFR,

You May Also Find These Documents Helpful

  • Good Essays

    MKT 421, Week 4, DQ 1:

    • 260 Words
    • 1 Page

    A channel of distribution is the means by which a product reaches the customer. It is "any series of firms (or individuals) that participate in the flow of products from producer to final user or consumer (Perreault 2009)." A distribution channel may be short, as in a company selling a product or service directly to the customer. In contrast, a distribution channel may be much longer, involving distributers and retailers. The channel of distribution is incorporated into the "place" aspect of the marketing mix.…

    • 260 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    ECOM320 Assign2

    • 2801 Words
    • 8 Pages

    As the need for companies to condense costs and prices while improving customer service and product quality. The supply chain is the set of processes that encompasses everything from sourcing, transportation, manufacturing, distributing, wholesaling, retailing, and final delivery of goods. Supply chain management has become a progressively more significant factor of corporate strategy over the past several years.…

    • 2801 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Supply Chain Management (SCM): Supply chain management is the active management of supply chain activities to maximise customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    MKT 411 Final Exam Review

    • 5846 Words
    • 24 Pages

    Supply Chain Management – the art of managing the flow of materials, products and information from source to end-user. Managing relationships to deliver superior value at less cost…

    • 5846 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Supply Chain Management (SCM) encompasses all of the business processes involved in sourcing, making, and delivering goods. It also requires having an accurate and real-time view of supply and demand. Simply stated, SCM is a broad topic that is gaining importance in today's highly-fragmented, global, and dynamic business environment.…

    • 5219 Words
    • 24 Pages
    Good Essays
  • Satisfactory Essays

    Chapter 14 Section 3

    • 343 Words
    • 2 Pages

    * Vertical Integration-a company’s taking over its suppliers and distributors and transportation systems to gain total control over the quality and cost of its product.…

    • 343 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    * Supply chain management- the set of approaches and techniques that firms employ to efficiently and effectively integrate their suppliers, manufacturers, warehouses, stores, and other firms involved in the transaction, such as transportation companies into a seamless value chain. This allows merchandise to be produced and distributed in the right quantities, to the right place, and at the right time.…

    • 2517 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Cbcp, Mba

    • 1560 Words
    • 7 Pages

    Supply chain management “is the vital business function that coordinates and manages all the activities of the supply chain linking suppliers, transporters, internal departments, third-party companies and information systems” (Reid & Saunders, 2010 p.p. 100). The goal of supply chain management is coordinate efforts between all parties to efficiently and effectively deliver the final product to the end-user and “to maximize customer value and achieve a sustainable competitive advantage” (Handfield, 2011).…

    • 1560 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    The three definitions of supply chain management in the text are all stated differently but pretty much mean the same thing; planning and managing the processes of procuring assets, converting assets into products, and delivering them to a customer. Of course there is much more detail involved getting from one end of the chain to the other and back again when necessary.…

    • 1646 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Acct 200 Essay Example

    • 979 Words
    • 4 Pages

    Supply chain management is a key means of differentiation for a firm and a critical component in marketing and corporate strategy.…

    • 979 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Supply chain management (SCM) is the combination of activities which help a company to improve the methods to make a product or service and deliver it to customers. (Larson, 2004) SCM encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. More importantly, it includes coordination and collaboration with other people who are associated with the business like suppliers, intermediaries, third-party service providers, and customers.…

    • 1436 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Cis109

    • 1180 Words
    • 5 Pages

    Supply chain management, then, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible (Handfield, n.d.). Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.…

    • 1180 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Dr. Robert Handfield, professor of supply chain management at Bank of America University defines supply chain management as: “the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient…

    • 2834 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Vertical integration is a business growth strategy for economics of scale. It is typified by one firm engaged in different parts of production example; growing raw materials, manufacturing, transporting, marketing, and/or retailing to expand business in existing market for the firm. It can function in two directions both forward integration and backward integration.…

    • 1206 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    they vary from day to day and even hour by hour as a function of the…

    • 1762 Words
    • 8 Pages
    Powerful Essays