MGMT 3230 Lecture Notes - Transportation Planning, International Trade, Safety Stock
30 Jun 2020
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Document Summary
Supply chain mgmt: long-term, sets up framework [agreeing how many months of products etc. ) Their facilities and activities that are involved in producing and delivering a product. : collaboration of supply chain companies and coordination of their activities so that the market demand is met as efficiently and effectively as possible. **end of chain = physical movement of material. Goal of supply chain management: determining appropriate level of outsourcing, managing procurement, managing suppliers, managing customer relationships, being able to quickly identify problems and respond to them. Need for supply chain management: increasing competition [using lean or jit, increasing levels of outsourcing, increasing globalization, increasing e-commerce, managing orders & inventories [bullwhip effect] **demand/order variability gets progressively larger the further back in a supply chain the company is. Demand variations begin at the customer end of the chain and become increasingly large as they radiate backward through the chain. Forecasting purchasing transporting inventory scheduling production distribution service.
