CHAPTER 1- INTRODUCTION TO SUPPLY CHAIN MANAGEMENT Principles of Supply Chain Management: A Balanced Approach Prepared by Daniel A. Glaser-Segura, PhD
Learning Objectives You should be able to: • Discuss the current state & future challenges of SCM. • Explain why Supply Chains are becoming more global. • Describe how firms are expanding their SCM efforts to second-& third-tier members of their supply chains. • Discuss why & how supply chains are making greater efforts to become more environmental responsible. • Explain how supply chains are becoming faster. • Explain why firms are outsourcing some or all SCM processes. • Describe some of the ways supply chains are reducing total costs. 2
Chapter Outline • Introduction • What is Supply Chain management? • Why is Supply Chain Management important? • The origins of Supply Chain Management • Important Elements of Supply Chain Management: • Purchasing • Operations • Distribution • Integration • Future Trends in Supply Chain Management • Expanding the Supply Chain • Increasing Supply Chain responsiveness • The Greening of Supply Chains • Reducing Supply Chain costs 3
What is a Supply Chain? A supply chain consists of the flow of products and services from: • Raw materials manufacturers • Intermediate products manufacturers • End product manufacturers • Wholesalers and distributors and • Retailers Connected by transportation and storage activities, and Integrated through information, planning, and integration activities 4
What is a Supply Chain? 5
What is Supply Chain Management? Here are two definitions: The design and management of seamless, value-added process across organizational boundaries to meet the real needs of the end customer Institute for Supply Management Managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer The Supply Chain Council 6
What is Supply Chain Management?
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- Supply Chain Management