What are the 5 types of supply chain?

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. Let’s deep dive into each component: Plan: Planning is imperative to control inventory and manufacturing processes.

What are the 3 types of supply chain?

The three levels of supply chain management are strategic, tactical and operational.
  • Strategic Planning. This level of supply chain management is responsible for developing long-term plans that outline the company’s overall objectives and goals. …
  • Tactical Planning. …
  • Operational Execution.

What are the main 2 types of supply chain?

The 2 Types of Supply Chains
Reactive Supply Chain StrategyData-Driven Supply Chain Strategy
Operational improvements based on guesswork or imitating competitorsA data-driven approach helps even best-in-class manufacturing operations find new ways to improve efficiency[iii]

What are the 7 supply chain functions?

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are the four types of supply chain?

The four entities are:
  • Products — things in demand at various facilities.
  • Facilities — places where products are made, stored, sold or consumed.
  • Vehicles — mechanisms to move products between facilities to meet demand.
  • Routes — paths taken by vehicles to move products between facilities.

How many types of supply chains are there?

There are four types of supply chain models depending on the nature of the business and business goals. This model tracks customer demand in real time, so that finished good inventory can be processed and restocked efficiently.

What are the 4 components of supply chain management?

What are the components of your supply chain you should be focusing on right now?
  • INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. …

What are the types of supply?

There are five types of supply—market supply, short-term supply, long-term supply, joint supply, and composite supply.

What are the types of supply chain models?

Here are six types of supply chain models that can drive supply chain management for a business:
  • Continuous Flow. This is one of the most traditional models on the list. …
  • Fast chain. The fast chain model is one of the new names in supply chain strategies. …
  • Efficient Chain. …
  • Agile. …
  • Custom-configured. …
  • Flexible.

What are the 5 supply chain management process?

Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning.

What are the 5 elements of supply chain management?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.

What are the 8 supply chain processes?

The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.

What are the characteristics of supply chain management?

the three characteristics of an effective supply chain are consistency of leadership, technology implementations, effective supply chain planning and network design. An effective supply chain is an important factor for any business in order for the company to build itself up.

What are the stages of supply chain?

At their most basic, the key steps in a supply chain include:
  • Original sourcing or extraction of raw materials.
  • Refining or manufacturing materials into basic parts.
  • Assembling basic parts into finished products.
  • Selling finished products to end users.
  • Delivering finished products to end users or consumers.

What are the objectives of supply chain management?

The following are the 7 most important objectives of Supply Chain Management.
  • Improving Efficiency. …
  • Improving Quality. …
  • Optimising Transportation and Logistics. …
  • Reducing Costs. …
  • Enhancing Customer Satisfaction. …
  • Improving Distribution. …
  • Maintaining Better Coordination.

What are components of the supply chain?

The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers. The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service. Today, many supply chains are global in scale.