Vivo Executive SCM Interview Questions and Answers

Supply chain is the network of organizations involved in producing and delivering a product or service to customers.

• Includes suppliers, manufacturers, distributors, retailers, and customers

• Involves the flow of materials, information, and finances

• Goal is to optimize efficiency and reduce costs

• Examples: Amazon's supply chain for delivering products to customers, pharmaceutical supply chain for distributing medications

There are three main types of inventory: raw materials, work-in-progress, and finished goods.

• Raw materials: items used to create a product, such as wood for furniture manufacturing

• Work-in-progress: partially completed products, such as a car in the assembly line

• Finished goods: completed products ready for sale, such as a packaged smartphone