Management and Organizational Studies 3330A/B Lecture Notes - Lecture 3: Transact, Consumer Reports, Purchase Order

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3330A/B
• Professor: Rick Burjaw

Document Summary

Suppliers manufacturers wholesale / warehouse (distributor) retailers. Relevant information flows back and forth among members of the supply chain. Supply chain management coordinates and manages all the activities of the supply chain links suppliers, transporters, internal departments, third-party companies, and information systems. Scm provides company with competitive advantages such as quick response, low cost, good quality design, or operational flexibility. Components of a supply chain for a manufacturer. Tier one supplier supplies materials or services directly to the processing facility (cardboard / plastic manufacturer or label company) Tier two suppliers directly supplies materials or services to a tier one supplier in the supply chain (paper mill or chemical processing: do not directly supply the packaging operation. Tier three suppliers directly suppliers materials or services to a tier two supplier in the supply chain (chemical extraction that supplies raw materials) Companies put effort into developing external suppliers because cost of materials costs.