Session2 - Supply Chain Modeling Session1:MatchingSupplyand...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Supply Chain Modeling Session 1: Matching Supply and  Demand Atalay Atasu
Background image of page 1

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

View Full DocumentRight Arrow Icon
Outline Introduction What is Supply Chain Management? Why is Supply Chain Management Important?
Background image of page 2
What is Supply Chain Management? What are the concepts or things that come to your mind when you think of Supply Chain Management? manufacturers distributors retailers inventory (RM, WIP, FGI ) outsourcing off- shoring technology beer game bullwhip
Background image of page 3

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

View Full DocumentRight Arrow Icon
The Shift from Manufacturing Operations to Supply Chain Management In 1927, Ford ran a vertically integrated factory  where all stages of manufacturing were controlled by  Ford During 1980s and 1990s manufacturers realized the  disadvantages of vertical integration: A company can  not be best in everything.  Companies started to focus on their core  competencies buying the parts and services needed  from external suppliers This shift has led to what we call supply chain  management today
Background image of page 4
Supply Chain Management Supplier Manufacturer Distributor Retailer Customers Ultimate Objective of a Firm: Match Supply and Demand Information flow Product flow Cash flow
Background image of page 5

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

View Full DocumentRight Arrow Icon
Supply Chain Definitions Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption. (WIKIPEDIA) Supply chain management (SCM) is the process of optimizing the shipment of goods and services from supplier to customer. The goals of SCM are to optimize
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/25/2011 for the course MGT 4803 taught by Professor Staff during the Spring '08 term at Georgia Institute of Technology.

Page1 / 23

Session2 - Supply Chain Modeling Session1:MatchingSupplyand...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online