Session 1- Supply Chain Management

Session 1- Supply Chain Management - Supply Chain...

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Supply Chain Management
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2 Flow of Products and Services Financial Flows Flow of Information The Supply Chain Defined A SUPPLY CHAIN is a set of three or more organizations directly linked by one or more of the upstream and downstream flows of products, services, finances, and information from a source to a customer.
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Definition of SC Management 3 Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies. (Council of Supply Chain Management Professionals)
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4 Supply Chain Management Defined Supply chain management is the design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer.
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Unformatted text preview: - Institute for Supply Management 5 Types of Supply Chain Relationships SELLER BUYER PARTNERSHIP SUPPLIER FOCAL FIRM BASIC SUPPLY CHAIN CUSTOMER SUPPLIER EXTENDED SUPPLY CHAIN CUSTOMER SUPPLIER’S SUPPLIER . . . . . . CUSTOMER’S CUSTOMER FOCAL FIRM ULTIMATE SUPPLY CHAIN 3RD PARTY LOGISTICS FINANCIAL PROVIDER MARKET RESEARCH FIRM SUPPLIER CUSTOMER INITIAL SUPPLIER . . . . . . ULTIMATE CUSTOMER FOCAL FIRM 6 Theory of Supply Chain Management Companies seek to design business models that meet customer needs better than competitors. Success depends on the ability to Design, Make, and Deliver innovative, high quality, low cost products and services that customers demand. 7 Supply Chain: Manufacturing Example Definition of Logistics Business Logistics – supply chain process that plans, implements, and controls the efficient, effective flow of goods, services, and related information from the point of origin to the point of use or consumption in order to meet customer requirements....
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