01:198:170 Lecture Notes - Lecture 1: Business Process Reengineering, Total Quality Management, Manufacturing Resource Planning
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01:198:170 Full Course Notes
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Scm- coordination of network of independent organizations that work together and coordinate their actions to create/deliver products/services to market for benefit of all companies in the network. Delivers value by managing the processes of all of those otherwise independent trading partners so that they collaborate w/ one another in an efficient, effective, cost conscious way. Delivering the right product at the right time to the right customer at the right price. Logistics- activities that occur within one single organization. Deals w the flow of goods from one place to another. Reverse logistics- when something is sent back, goes back up the supply chain. Find out where the problem occurred in the chain. Raw material suppliers (tier 1) intermediate suppliers (tier 2) finished product manufacturers wholesalers and distributers retailers (tier 1) consumers (tier 2) All of the contain transportation, warehousing, etc. Store materials, receive, breakdown, repackage, and ship. Types of transportation: truck, rail, air, pipeline, water.