WGU C215 Competency: Supply Chain
Three Components of Supply Chain - Answer-External Suppliers
Internal Functions
External Distributors
External suppliers - Answer-Tier 1 - suppliers directly to focal firm, tier 2 - supplier supplies directly to
tier 1, tier 3 - supplier supplies directly to tier 2.
Internal Functions - Answer-Processing, purchasing, planning, quality, shipping
External Distributors - Answer-transport finished products to appropriate locations
supply chain - Answer-a network of multiple businesses and individuals that are connected through the
flow of products or services
Supply Chain Management - Answer-managing upstream and downstream value-added flows of
materials, final goods, and related information among suppliers, the company, resellers, and final
consumers
bullwhip effect - Answer-occurs when distorted product-demand information ripples from one partner
to the next throughout the supply chain
Causes of Bullwhip Effect - Answer-demand forecast updating, order batching, price fluctuations,
rationing and shortage gaming
Three Components of Supply Chain - Answer-External Suppliers
Internal Functions
External Distributors
External suppliers - Answer-Tier 1 - suppliers directly to focal firm, tier 2 - supplier supplies directly to
tier 1, tier 3 - supplier supplies directly to tier 2.
Internal Functions - Answer-Processing, purchasing, planning, quality, shipping
External Distributors - Answer-transport finished products to appropriate locations
supply chain - Answer-a network of multiple businesses and individuals that are connected through the
flow of products or services
Supply Chain Management - Answer-managing upstream and downstream value-added flows of
materials, final goods, and related information among suppliers, the company, resellers, and final
consumers
bullwhip effect - Answer-occurs when distorted product-demand information ripples from one partner
to the next throughout the supply chain
Causes of Bullwhip Effect - Answer-demand forecast updating, order batching, price fluctuations,
rationing and shortage gaming
