Scenario

You have been asked to be a guest speaker in a high school business class. Your task is to explain the basic concepts of supply chain management to a group of students. The students will take a quiz on supply chain management based on the information in your presentation.

Instructions:

Develop a creative, engaging, educational handout that students can use to prepare for the quiz. Your handout should accomplish the following tasks.

Diagram and explain the life cycle of a supply chain.

Explain, and provide examples of, the models organizations use to manage forecasting, planning, and inventory.

Examine, and provide examples of, the costs absorbed by organizations with respect to inventory and logistics.

Describe how organizations use various parameters to monitor supply chain performance and provide examples.