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supply chian management
the design and management of flows of products, information, and funds throughout the supply chain
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supply chain
the betwirk of all entities involved in producing and delivering a finsihed product to a customer. Includes raw materials and parts, manufacturing, producing, and assembling products. Includes storing, order entry and tracking, distribution, and delivery
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value chain or value network
name given to supply chain since any stages that do not add value to final product are bypassed or eliminated
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SCM activities
- coordination - movement of goods or funds
- information sharing - forcasts, point of sale data, promotion, inventory
- collaboration - need for jointly plan, operate, and execute od business decisions
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flows through supply chain
product, information, funds
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bullwhip effect
information shared along supply chian is often delayed or distorted, gets worse as it moves up the chain
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service supply chain
focus more on interaction between customer and provider, considerably shorter, easier info share
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intra-organizational intergration
neccesary for org to effectively intergrate with members of supply chain. Involves marketing, operations, sourcing, and logistics
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marketing
resposible for linking the org to its customers
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operations
organizes the transofrmation of raw materials and finished prodicts and services
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sourcing
responsible for linking the org to its suppliers
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logisitics
responsible for moving and positioning inventory throughout supply chain
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cross-enterprise intergration
predicated on relationship management, requires sharing of risks and rewards
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rise of scm
- massive change in capability and availability of information technology
- b2b b2consumer
- greater customer affluence and sophisication
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characterisitcs of competitive supply chain
- responsiveness
- reliability
- relationship management
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trends
- globalization
- outsourcing
- technology
- postponement
- lean supply chain
- manage disruptions
- security
- green
- innovation
- financial supply chain
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