Lscm Flashcards
is the oversight of materials, information, and finances distributed from supplier to consumer.
SUPPLY CHAIN MANAGEMENT
is the oversight of materials, information, and finances distributed from supplier to consumer.
SUPPLY CHAIN MANAGEMENT
includes moving goods from supplier to consumer, as well as dealing with customer service needs.
Product Flow
includes order information and delivery status.
Information Flow
includes payment schedules, credit terms, and additional
arrangements.
Financial flow
OBJECTIVE OF SUPPLY CHAIN MANAGEMENT
- Enhancing customer service
- Expanding sales revenue
- Reducing inventory cost
- Improving on-time delivery
- Reducing order to delivery cycle time
- Reducing lead time
- Reducing transportation cost
- Reducing warehouse cost
- Reducing supplier base
- Expanding depth of distribution
The final objective of a supply chain is
Customer satisfaction
The main purpose of the supply chain is to
maximize overall value generated
defined as the total profit shared by all the stages and intermediaries of a supply chain.
Supply chain surplus
The supply chain management has to be_____________ across the entire system;
efficient and cost-effective
IMPORTANCE OF SUPPLY CHAIN MANAGEMENT
- Reduce inventories along the chain
- Share better information among the partners
- Plan in consultation rather than in isolation
ACTIVITIES OF SUPPLY CHAIN MANAGEMENT
1 strategic
2 Tactical
3 Operational
size and location of manufacturing sites, partnerships with suppliers, products to be manufactured and sales markets are taken.
Strategic
focus on adopting measures that will produce cost benefits
Tactical
making schedule changes to production, purchasing agreements with suppliers, taking orders from customers and moving products in the warehouse.
Operational
SUPPLY CHAIN DRIVERS
1 Production
2 Inventory
3 Location
4 Transportation
5 Information
This driver can be made very responsive by building factories
Production
Responsiveness can be had by stocking high levels of inventory for a wide range of products.
Inventory
emphasizes responsiveness would be one where a company establishes many locations that are close to its customer base.
Location
Responsiveness can be achieved by a transportation mode that is fast and flexible such as trucks and airplanes.
Transfortaion
a very useful commodity because it can be applied directly to enhance the performance of the other four supply chain drivers.
İnformation
What, How, and When to produce
Production
How much to make, How much to stock
Inventory
Where the best to do what activity
Location
