GMS 804 Lecture Notes - Lecture 10: Reverse Auction, Outsourcing, Safety Stock

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 804
• Professor: Hossein Zolfagharinia

Document Summary

A supply chain supply chain is the network of all entities involved in producing and delivering a finished product finished product to the final customer. This includes sourcing raw materials and parts, manufacturing, producing, and assembling the products, storing goods in warehouses, order entry and tracking, distribution,and delivery to the final customer. to the final customer. Supply chain management (scm) is the design and management of flows of products, information, and funds throughout the supply chain. Pulled customer supply chain: the customer is the driving force and pulls the items down through the supply chain. Service supply chains focus more on the interaction between the customer and often rely on customers as the supplier of inputs tend to be shorter than manufacturing shorter than manufacturing supply chains are often more like hubst han chains. Logistics: the part of scm that deals with the flow of products. Competitive sc characteristics: three characteristics to a supply chain: responsiveness, reliability, and relationship management.