Intro to SCM Flashcards
What is a SC
A sequence of organizations that are involved directly or indirectly in producing and delivering a product or service.
SC consists of
Supplier Manufacturer Distributer Retailer Customer
Goal of SC
Match demand with supply
Higher Profits =
Right Product Right Price Right Store Right Quantity Right Customer Right Time
Global Optimization
Geographically dispersed complex network
SCM
Concerned with the management of the flows of material, information, and finances in supply chains.
Wal-Mart’s Success
Satisfying customer needs.
Company replinishment inventory
Cross-Docking
SC has switched from
Supply Driven to Customer Driven
Wired to Wireless
Inventory in motion to Information in Motion
Other names for SC
Logistics Chain
Value Chain
SC Facilities
Warehouses
Stores
Sales Office
Factory
SC Functions
Fork lift
Trucks
Machines
SC Activities
Quality Control
Sales
Inventory Management
Forecasting
Who is Directly involved in SC
Distributor
Retailer
Manufacturer
Who is indirectly involved in SC
Supplier
Whose SC is it?
Usually the dominate player in the SC, or the one that has the most control of the SC.
