GMS 401 Lecture Notes - Lecture 5: Fixed Cost, Order Fulfillment, Retail
Document Summary
Lo1: explain what a supply chain is, discuss the need to manage a supply chain including outsourcing, and identify strategic and tactical/operational supply chain activities. Supply chain management: collaboration and coordination of all components of the supply chain so that market demand is met as efficiently and effectively as possible. Next, supply chains are designed/redesigned for these products, goals, and competitive characteristics: this involves determining the number, location, capacity, and process types of the facilities. Quality assurance, workforce, and information systems should also be considered: determining the extent of vertical integration (i. e. , the ownership of a segment of supply chain), which is affected by outsourcing decisions, is also a strategic decision. Recently, instead of ownership, customer supplier partnerships are becoming more widespread. Lo2: describe what logistics is, know how to select a transportation mode, and discuss some fast delivery methods, third party logistics, reverse logistics, and global supply chains.