ARE157_Wn15_Notes_09_SupplyChain_01.doc - ARE 157 Winter...

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ARE 157 – Winter 2015 Notes #9 – Supply Chain Management – Chapters 11 and 12 I. Class Notes 1. Problem Set #4 2. Written Assignment 3. Final exam II. Supply Chain Comments A. A few graphics - some terms used in the supply chain world – some are review 1. Value chain: 2. Target costing: III. Strategic Aspect of Supply Chain Management A. Some benefits 1. Can reduce direct cost – cost of materials 2. Can reduce indirect cost – ordering, handling, storage, shrinkage costs 3. Can improve response time – customer satisfaction B. Alignment of business strategy with supply chain strategy – See Table 11.2 in text – these topics were covered in earlier parts of the text as well. 1. Low cost business strategy: 2. Differentiation strategy 3. Response strategy 1
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ARE 157 – Winter 2015 Notes #9 – Supply Chain Management – Chapters 11 and 12 C. Metrics for supply chain – an example of cost savings in supply chain management going the bottom line – this is an example of what analyst do - known as “squeezing the cost out of the supply chain.” From the text: Note: So we measure by relationship of cost of material to sales dollars IV. Sourcing – How We Buy Things in the Supply Chain (need to memorize) A. Textbook list: 1. Many suppliers – commodity-type products 2. Few suppliers – used when more than just commodity are needed 3. Vertical integration and joint ventures and Keiretsu – gaining ownership in suppliers 4. Virtual companies – usually short-term supply situations for a specific project B. Contracts are important (primary because we are crossing some borders) 1. Need to be enforceable 2.
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