Modules 1-5 Flashcards
It allows suppliers,
manufacturers, distributors,
retailers, and customers to reduce lead time,
paperwork, and other
unnecessary activities
Technological Advancement
It made communication tools easier for users, allowing its presence in components to extend in the supply chain.
Communication
Supply chain management planning
tools are intended to integrate the
resource planning activities in a firm or
organization.
Planning and Analysis
What are the most
common planning tools?
Material
requirement planning (MRP), Manufacturing resources planning
(MRPII), and Enterprise Resource Planning (ERP).
Directly related
to relationship management,
which includes suppliers and customers.
Management
It leads to significant reduction in costs and also helps continuous evaluation and improvement in the buying process.
Inventory Control
Companies are inclined to work with different suppliers in different
ways.
Supply Chain Relationships
Commodity processes or products that already exist; you only have to
use smart modifications and apply them.
Value-added Process (Manufacturing)
Two factors are significant when we talk about value-added:
Flexibility and Quality
Transfer the products from one stage of the supply chain to the end user count much.
Transportation
Time-to-consumer is a crucial indicator of product flow
efficiency. The less time it takes for goods to reach the end customer, the more efficient the
product flow.
Improved product and material flow.
Help them
evaluate the quality of information
sharing, then implement solutions to
best fill the gaps.
Seamless Information Flow
Leads to significant
reduction in costs and also helps continuous
evaluation and
improvement in the buying process.
Enhanced Financial Flow
The relationship between the supplier and hotel becomes stronger because of professional
management in the form of development of proper purchasing
policies.
Better Relationship with
Suppliers
Inter-firm operational coordination. It
involves coordination of material flow from supplier to buyers
and to end-consumers.
Supply Chain Coordination
Inter-firm relationship in the supply chain focusing
around on the OEM – Original Equipment Manufacturer and
first tier of supplier and first tier customer.
Supply Chain Relationship
How the supply chain is constructed from all its
participating firm.
Supply Chain Configuration
Everyone involved in the manufacturing process
communicates and collaborates. Instead of functioning in separate
divisions, or silos, integrated teams work together to make sure
the product gets to the distribution phase.
Integration
The day-to-day activities in the company must be
managed properly. Keeping a strong supply chain, day-to-day
operations are the backbone of the work manufacturers do.
Operations
The area of supply chain management that makes
sure a company has everything it needs to manufacture products,
including materials, supplies, tools and equipment.
Purchasing
The supply chain ends when the product lands
on store shelves where customers can buy them or their front door
(if they purchase them online).
Distribution
Prevent the intent and
appearance of unethical
or compromising
conduct in relationships,
actions, and
communications.
Impropriety
Ensure that any personal,
business, or other activity
does not conflict with the
lawful interests of your
employer.
Conflicts of Interest
Avoid behaviors or
actions that may
negatively influence, or
appear to influence,
supply management
decisions
Influence
Uphold fiduciary and
other responsibilities
using reasonable care
and granted authority to
deliver value to your
employer
Responsibilities to
Your Employer
Protect confidential and
proprietary information
Sustainability and
Social Responsibility
Protect confidential and
proprietary information
Confidential and
Proprietary Information.