Mar-3023 Lecture Notes - Lecture 15: Best Buy, Nabisco, Vending Machine
Document Summary
Supply chain management: related terms, distribution channels, operations management, supply chain, logistics, place. Intermediaries: strategies that ensure products are produced and distributed to the right customers, in the right quantities, to the right locations, and at the time customers need them. Involves upstream and downstream firms: downstream is closer to the customer, upstream is closer to the. The evolving supply chain manufacturer: amazon sending packages with drones, amazon dash button. Related concepts: distribution channel- the people and firms that direct the flow of goods from m. C within the supply chain: logistics- involves the movement and storage of products from m c, operations management- involves transforming raw materials into products. Why do we need intermediaries: convenience- you can go to a store and get all kinds of products in one place, why you pay a markup. Supply chain configurations: producer -> wholesalers -> retailers -> consumers.
