Chapter 1 Flashcards
A competitive environment
Increasing the number of world class competitors domestically and internationally
Sophisticated customer base
Widely available information sources
Balance of power between buyers and suppliers
Greater levels of outsourcing
A competitive environment
Increasing the number of world class competitors domestically and internationally
Sophisticated customer base
Widely available information sources
Balance of power between buyers and suppliers
Greater levels of outsourcing
Factors driving supply chain
Low cost and wide availability of information
Higher levels of competition in domestic and international market
Customer expectations and requirements
Ability of an organization supply chain to identify and mitigate risk
Competition is now between supply chains not just businesses
Why is purchasing important
(Building a house)
Increasing value and savings
Building relationships md driving information
Improving quality and reputation
Reducing time-to-market
Managing supplier risk
Generating economic impact
Contributing to competitive advantage
Key elements defining supply management
Strategic orientation- activists that have a major long-term impact on the firm’s performance
Cross-functional groups- supply management encourages long term, win-win relationships between buying company and selected suppliers as opposed to purchasing which is adversarial
Process driven approach - work directly with suppliers to provide world-class performance
Supply base management - describe as a process of identifying, evaluating, selecting, management and developing suppliers to realize supply improve performance
Umbrella management activities
Purchasing
Customer service
Demand management
Order processing
Receiving and storing
Quality control
Inventory control
Outbound logistics
Inbound logistics
Operation planning
Enablers of purchasing and supply chain management
(HOMI)
Human Resources- supply chain professsionals who have the ability to manage critical relationships and analyze competitive environments
Organizational Design - feautyre crocs functional teams to manage supply hai process
Information technology- real time system software supporting supply chain planning to perform
Measurement - includes sc measures that quantify what creates value
Enablers of purchasing and supply chain management
(HOMI)
Human Resources- supply chain professsionals who have the ability to manage critical relationships and analyze competitive environments
Organizational Design - feautyre crocs functional teams to manage supply hai process
Information technology- real time system software supporting supply chain planning to perform
Measurement - includes sc measures that quantify what creates value
