Supply Chain Management In 6 Minutes | What Is Supply Chain Management? | Simplilearn

Simplilearn
15 Dec 202106:35

Summary

TLDRIn this video, Alex's quest for an iPhone 13 Pro leads him to explore supply chain management. Rachel from Apple Inc explains the five stages of supply chain: planning, sourcing, making, delivery, and returns. The recent global chip shortage has disrupted Apple's supply chain, affecting production and delivery of iPhones.

Takeaways

  • 📱 Alex, a tech enthusiast, decided to buy an iPhone 13 Pro after a virtual launch event but missed the pre-booking deadline.
  • 🔄 He faced delays in acquiring the phone due to supply chain inefficiencies, which piqued his interest in understanding the term 'supply chain'.
  • 🤔 Alex's curiosity led him to discuss supply chain management with his friend Rachel, who works at Apple Inc.
  • 🌐 Rachel explained that Apple's supply chain involves a global network of raw material suppliers, manufacturers, and third-party logistics vendors.
  • 🛠️ The assembly of iPhones primarily takes place at the Shinsen plant in China, highlighting the international nature of Apple's supply chain.
  • 📈 Apple has a five-stage supply chain strategy: planning, sourcing, making, delivery, and returns, which helps in managing the production and distribution effectively.
  • 💡 The planning stage is crucial for Apple, emphasizing the importance of a clear operational strategy and security through app scrutiny.
  • 🛒 Sourcing involves acquiring components from various suppliers like Samsung for screens and TSMC for processing chips.
  • 🏭 The making stage is where the actual assembly of Apple products occurs, mainly at the offshore factory in China.
  • 🚚 Delivery is the stage where products reach consumers, either through online orders shipped directly or via distribution centers for retail.
  • 🔄 Returns handle the process for faulty or damaged products, ensuring they are sent back for refurbishment.
  • 🌐 The recent global chip shortage has significantly impacted Apple's supply chain, leading to production halts and delays.
  • 💼 Supply chain management is vital for reducing operational costs, improving brand recognition, and enhancing customer service.
  • 💰 The demand for supply chain management professionals is high, with competitive salaries reflecting the importance of their role in a company's success.

Q & A

  • What was the main reason Alex decided to buy an iPhone 13 Pro?

    -Alex was impressed by the capabilities of the iPhone 13 series showcased at the virtual Apple launch event.

  • Why was Alex unable to pre-book the iPhone 13 Pro?

    -He missed the pre-booking deadline.

  • What did the store representative at the offline Apple store inform Alex about?

    -There was an ongoing delay in the production of the iPhone 13 Pro due to supply chain inefficiency.

  • What is the term that intrigued Alex about the production of Apple products?

    -The term that intrigued Alex was 'supply chain'.

  • What does Rachel, who works at Apple Inc, explain to Alex about supply chain management?

    -Rachel explains that supply chain management involves consistent communication between entities such as raw material suppliers, manufacturers, and third-party logistics vendors in the process from product manufacturing to delivery.

  • How does Apple Inc implement its supply chain management strategy?

    -Apple Inc implements its supply chain management strategy by following five stages: planning an operational strategy, sourcing, making, delivery, and returns.

  • What is the first stage of building a supply chain according to Rachel?

    -The first stage of building a supply chain is planning an operational strategy.

  • What are the key components involved in Apple's supply chain?

    -Key components include raw material suppliers, manufacturers, offshore assembly factories, storage warehouses, distribution centers, and third-party logistics vendors.

  • What is the impact of the worldwide chip shortage on Apple's supply chain?

    -The worldwide chip shortage has adversely affected Apple's supply chain, leading to halted production of 10 million iPhone 13 devices.

  • What is the role of third-party logistics vendors in Apple's supply chain?

    -Third-party logistics vendors are responsible for shipping products ordered online to consumers and distributing items to retail stores for offline sales.

  • What does the term 'disposal' refer to in the context of supply chain management?

    -In the context of supply chain management, 'disposal' is not mentioned in the script and does not fall under the stages of supply chain management as per Rachel's explanation.

  • What is the average salary for supply chain managers according to PayScale?

    -According to PayScale, the average salary for supply chain managers is eighty-four thousand dollars per annum.

  • How does a well-managed supply chain benefit a company?

    -A well-managed supply chain can lower operational expenses, improve corporate brand recognition, and enhance customer service, ultimately allowing a firm to gain more profit.

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Ähnliche Tags
Supply ChainApple InciPhone 13Tech EnthusiastManufacturingLogisticsOutsourcingProduct DeliveryInternational Chip ShortageSupply Chain Management
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