SCM 301 Lecture Notes - Lecture 3: Fokker E.Ii, Operations Management
Document Summary
Scor, plan, enable, manage business rules performance resources, assets, contracts, regulatory requirements and risk. Leverage information technologies as a competitive advantage for the firm: source. Identify need: conduct make/buy analysis, manage supplier networks and agreements. Procure materials and services in a formalized process. Schedule producing activities: manufacture and test product, manage inventories (raw materials, wip, and finished product, manage performance, equipments, facilities, and production network, release product for delivery. Protects the environment: sc performance dimensions, cost, companies must design their supply chain strategy so that it aligns with the overall corporate strategy of the firm. Always a key concern, even for companies that compete on other dimensions. Varies by organization - often cited as key to focus management efforts: readily understood matric. Typical costs: labor, inventory, facilities, engineering, quality- related costs (positive, negative, and, quality avoidance/prevention) Firms cannot competitively distinguish themselves on all criteria.
