BALLOU01 - Business Logistics/Supply Chain—A Vital...

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Unformatted text preview: Business Logistics/Supply Chain—A Vital Subject The supply chain is simply another way of saying “the whole process of business.” Chapter 1 Warehousing Warehousing Transportation Transportation Vendors/plants/ports Transportation Factory Transportation Customers Information flows The Immediate Supply Chain for an Individual Firm 1-2 Logistics Defined Logistics is the process of planning, implementing and controlling the efficient, cost-effective flow and storage of raw materials, in-process inventory, finished goods and related information from the point of origin to point of consumption for the purpose of conforming to customer requirements. Council of Logistics Management Supply Chain Management Defined SCM is the integration of all activities associated with the flow and transformation of goods from raw materials through to end user, as well as information flows, through improved supply chain relationships , to achieve a sustainable competitive advantage. Handfield and Nichols Evolution of Supply Chain Management Military logistics - can be traced to the times of Alexander the Great Clearly focused on “where” to battle and “when”, “where” and “how much” to enter and exit Result - smaller armies could defeat a larger competitor “Teeth versus Tail” strategy - focused on simple themes like keeping lean force with efficient supply through setting forward bases. Approach - planning, information-sharing and flawless execution Demand forecasting Purchasing Requirements planning Production planning Manufacturing inventory Warehousing Material handling Packaging Finished goods inventory Distribution planning Order processing Transportation Customer service Strategic planning Information services Marketing/sales Finance Supply Chain Management Supply Chain Management Logistics Purchasing/ Materials Management Physical Distribution Activity fragmentation to 1960 Activity Integration 1960 to 2000 2000+ Demand forecasting Purchasing Requirements planning Production planning Manufacturing inventory Warehousing Material handling Packaging Finished goods inventory Distribution planning Order processing Transportation Customer service Strategic planning Information services Marketing/sales Finance Supply Chain Management Supply Chain Management Logistics Purchasing/ Materials Management Physical Distribution Activity fragmentation to 1960 Activity Integration 1960 to 2000 2000+ Evolution of Supply Chain Management Supply Chain Schematic 1-5 The Logistics/SC Mission...
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This note was uploaded on 11/04/2010 for the course OPR 040 taught by Professor Ballau during the Spring '10 term at E. Kentucky.

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BALLOU01 - Business Logistics/Supply Chain—A Vital...

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