SMG IS 223 Lecture Notes - Lecture 7: Supply Chain, Management System

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21 Jun 2018

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Takeaway: supply chain management systems

oBusiness value of supply chain management systems:

Match supply to demand

Reduce inventory levels

Improve delivery service

Speed product time to market

Use assets more effectively

Reduced supply chain costs lead to increased profitability

Total supply chain costs can be 75% of operating budget

Increase sales

oSupply Chain planning systems

Model existing supply chain

Demand planning

Optimize sourcing, manufacturing plans

Establish inventory levels

Identify transportation modes

oSupply chain execution systems:

Manage flow of products through distribution centers

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