Chapter Summaries 1-3

Chapter Summaries 1-3 - CHAPTER SUMMERIES 1-3 Chapter...

Info icon This preview shows pages 1–3. Sign up to view the full content.

CHAPTER SUMMERIES 1-3 Chapter Summaries 1-3 OMGT 415 Integrative Supply Chain Management Stephen M. Smith Instructor: Max Van Ausdal
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

CHAPTER SUMMERIES 1-3 Chapter 1 Chapter one introduces us to the supply chain management by defining the process, which is primarily the “idea of coordinating or integrating a number of goods and services related amongst supply chain participants to improve operating efficiencies, quality and customer service among the collaborating organizations” (Wiesner, Tan Leong, Principles of SCM). We are also shown the importance of SCM and how it effect profit margins, production, and mitigating factors that lower cost. Chapter 1 explains the foundation of SCM and Its origins as it relates to its rising popularity and practice in the United States. There are many factors that can change the dynamic of a firms SCM strategies such as: political, environmental, and technological forces. However, the use of 3 rd and 4 th party logistics providers can manage and help firms navigate through the challenges of an expanding global market.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern