BU395 Lecture Notes - Lecture 11: Disintermediation, E-Commerce, Electronic Data Interchange
Document Summary
Supply chain sequence of organizations their facilities and activities that are involved in producing and delivering a product. 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. Outsourcing buying goods or services instead of producing or providing them in- house. Factors that have made it desirable for organizations to actively manage their supply chains: the need to improve operations, increasing level of outsourcing, increasing globalization, increasing e-commerce, the need to manage inventories across the supply chain. Bullwhip effect demand variability is progressively larger moving backward through a supply chain. Goals and competitive characteristics such as quality, cost, variety (flexibility), timeliness (speed), customer service, and fill rate (% of demand filled from stock on hand) should be determined by the members of the supply chain. Products will be designed with these competitive characteristics in mind.
