Describe the Process Objectives for the Supply Chain and Production

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The Answer is a. Identify legitimate resource needs.
b. Establish reliable supply chain meeting quality, cost, and delivery needs.
c. Obtain resources at the best price given quality and other constraints.
d. Minimize production costs, using vendors as part of the design process
e. Ensure availability of resources at time and place needed.
f. Minimize procurement and transaction costs.
g. Minimize storage and handling costs.
h. Protect resources and inventory from loss or unauthorized use.
i. Make payments for legitimate obligations only.
j. Produce goods and services that meet cost and quality targets.
k. Maximize use of capacity.
l. Minimize and control spoiled and defective units and properly handle by-products.
m. Minimize and control waste.
n. Capture and effectively utilize supplier and production information.
o. Capture, process, and report information necessary for process improvement.

Describe the Process Objectives for the Supply Chain and Production

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