Supply chain management - global supply chain process With...

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Supply chain management ( SCM ) is the management of the flow of goods and services. It includes the movement and storage of raw materials , work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain . [3] Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally." [4] Boeing decided to change the rules of the way large passenger aircraft were developed through its Dreamliner program; rather than simply relying on technological know- how ,it decided to use collaboration as a competitive tool embedded into a new
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Unformatted text preview: global supply chain process. With the Dreamliner project, Boeing not only attempted to create a new aircraft through the innovativedesignandnewmaterial,butitalsoradicallychangedtheproductionprocess.Itbuiltan incredibly complex supply chain involving over Ffty partners scattered in 103 locations all over the world. The goal wasto reduce theFnancial risksinvolved in a $10billion-plus project fordesigning and developing a new aircraft and reduce the new product development cycle time. It tapped expertise of various Frms in different areas such as composite materials, aerodynamics, and IT infrastructure to create a network in which partners’ skills complement each other. This changed thebasis of competition toskill set rather than thetraditional basis of lowcost. Inaddition,thiswas the Frst time Boeing had outsourced the production on the two most critical parts of the plane— the wings and the fuselage....
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