4. What does it take to have am areaof \"core competency\"? Provide an example.

Question

4. What does it take to have am areaof "core competency"? Provide an example.

5. Describe the steps in the process model for forming and implementing successful supply chain relationships? What steps fo you feel is most critical?

6. What are some of the more common "drivers" and "facilitators" of successful supply chain relationships?

8. What are the basic types of 3PL firms, and which are in most prevalent use?

9. What are some example types pf services that may be available frpm a 4PL providers?

10. What are some pf the more frquently outsourced logistics activies? Less frequently outsourced?

Explanation / Answer

1. What does it take to have an area of "core competency"? Provide an example.

Core competency:

Examples of the core competencies:

2. Describe the steps in the process model for forming and implementing successful supply chain relationships? What steps of you feel is most critical?

Supply chain relationship – Steps:

In any manufacturing industry – main supply chain process is

Step 1 : Procurement of raw materials

Step 2 : Work-in-progress

Step 3 : Finished goods

Step 4 : Distributors/Wholesalers

Step 5 : Retailers

Step 6 : Customers

Critical steps always depend on the type of products the company manufacture

For example, FMCG & Pharma Products, even though the type or flavor of the products may differ, but the procedure of manufacturing is reasonably same and the available vendors for raw materials are also more. But reaching up to the customer level, need a good distributors and retailers network to increase their sales. Here the critical area is good distribution network.

For some companies, they want to reduce the inventory space of the organizations, were they follow the Just in Time approach. Timely procurement of raw materials based on demand is the critical area for the companies which follow the Just in Time approach.

3. What are some of the more common "drivers" and "facilitators" of successful supply chain relationships?

4. What are the basic types of 3PL firms, and which are in most prevalent use?

3PL firms – Third party Logistic Companies.

booking, tracking, monitoring of the inventory

5. What are some example types of services that may be available from a 4PL providers?

4PL firms – Fourth party Logistics Companies

Fourth party logistics are generally manages the 3PL by managing the resources, technology. Can design, build and provide supply chain solutions.

They provide analytics support for transportation, strategies for freight sourcing and analyzing & designing the network of transportation.

6. What are some of the more frequently outsourced logistics activities? Less frequently outsourced?

Most frequently outsourced activities are

Less frequently outsourced activities

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