Youtube Exercise » English Grammar Homework

Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

Digital Transformation with Eric Kimberling

5,092 views 3 years ago

Warm-up Questions

What jobs or departments do you think are part of supply chain management?
What is the difference between logistics and warehouse management, in your opinion?
Why might a company want to improve its supply chain with technology?

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Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

Overview + Procurement (direct vs indirect) (00:00 – 03:07)

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1. What is the main purpose of the video?

To explain how to start a consulting firm
To teach how to build a product in a factory
To advertise only warehouse software
To explain the five major components of a supply chain

2. What is an example of direct procurement?

Buying laptops for employees
Buying paper for the office
Hiring new staff for accounting
Buying raw materials to build the product you sell

3. How are procurement groups often measured?

By how many warehouses they build
By how they drive down and optimize costs
By how fast they produce finished goods
By how much they increase product variety

Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

Inventory management + Warehouse management (03:07 – 06:11)

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1. What is inventory management mainly about?

Negotiating contracts with vendors
Driving trucks to deliver goods
Designing new products for customers
Managing locations and knowing when to order more materials

2. What are 'cycle counts' used for?

Planning marketing campaigns
Counting all inventory at one time
Counting high-value or high-volume items regularly
Measuring how fast trucks drive

3. Which process is described as common and important in warehouse management?

Vendor ranking
Make-to-order forecasting
Financial auditing
Pick, pack, and ship

Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

Manufacturing operations + Logistics + Closing outtakes (06:11 – 10:41)

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1. In the video, what does manufacturing operations focus on?

Only shipping products internationally
Only negotiating supplier prices
Only storing finished products in a warehouse
Everything on the shop floor where manufacturing happens

2. What does the speaker say technology helps with in manufacturing operations?

Finding new customers
Designing new logos
Choosing office furniture
Tracking work in progress and quality defects

3. Which transportation mode does the speaker mention as one of the most common types of logistics?

Truck
Drones
Train only
Bicycle delivery

Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

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1. Which list matches the five components described in the video?

Research, branding, accounting, leadership, IT security
Marketing, sales, customer service, HR, finance
Retail, advertising, web design, product design, shipping only
Procurement, inventory management, warehouse management, manufacturing, logistics

2. What is a key difference between inventory management and warehouse management in the video?

Inventory management is only done by vendors; warehouse management is only done by customers
Inventory management is only for finished products; warehouse management is only for raw materials
Inventory management is about general levels/reordering; warehouse management is about physical storage and movement
They are exactly the same thing with different names

3. Why is logistics management challenging, according to the speaker?

Because it never uses technology
Because it is unrelated to inventory
Because it only happens inside one building
Because it involves different countries, modes of transportation, and many types of goods

Discussion Questions

Discuss the ideas from this video

Basic Functions of Supply Chain Management, Logistics, Procurement, and Warehouse Management

In your workplace (or a company you know), which of the five components is the most difficult to manage? Why?
What are the risks of having too much inventory vs. too little inventory?
How can technology improve the pick-pack-ship process in a warehouse?
When would a company choose shipping by air instead of by ship or truck?