GMS 804 Lecture Notes - Lecture 1: Laundry Detergent, Procter & Gamble, Walmart

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

Document Summary

Supply chain management (scm) is the fastest-growing area of business today. It is at the core of success of such companies as. Zara, as well as starbucks and countless others. These companies have achieved world-class status in large part due to a strong focus on. Today"s business environment has forced companies to compete in very different ways than just a few years ago. In addition to competing on traditional dimensions such as quality, time, cost, and customization, companies must be rapid innovators. A supply chain is the network of all entities involved in producing and delivering a 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. Supply chain management (scm) is the design and management of flows of products, information, and funds throughout the supply chain.