What is the main goal of supply chain management?
The main goals of supply management are cost control, the efficient allocation of resources, risk management, and the effective gathering of information for business decisions.
What is the importance of supply chain management in tourism industry?
The supply chain is an important element within the hotel and catering industry. For staff in this industry, it is crucial to build steady relationships with suppliers and work with a good ordering system in order to improve the service level towards customers.
What are the main objectives of tourism supply management?
The goal of SCM is to create sourcing, manufacturing and delivery processes and logistics functions seamlessly across the supply chain as an effective competitive weapon (Li et al., 2005).
What is the goal of a supply chain and what is the impact of supply chain decisions on the success of the firm?
Supply Chain Management (SCM) is a cooperative approach to obtaining goods and services from a company. It allows companies to gain competitive advantage through combined efficiency, modified logistics, quality enhancement, and long-term stability through developing a supply chain that is productive and profitable.
What is the importance of understanding the supply components of tourism?
Tourism is a composite of activities, services, and industry that deliver a travel experience, it is important to identify and categorized its supply components. The quality and quantity of these determine tourism’s success in any area.
What is supply in supply chain management?
Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.
What are the 5 basic components of supply chain management in hospitality industry?
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.
How does tourism supply affects the tourism industry?
The tourist supply inspires, conducts, and affects the entire tour. If any one of the above given components does not work well, it impedes the experience of the tourists and the tour does not turn out to the tourists’ satisfaction.