OM 300 Lecture Notes - Lecture 11: Political Risk Insurance, Keiretsu, Logistics

85 views8 pages

Document Summary

Supply chain management: the objective of supply chain management is to coordinate activities within the supply chain to maximize the supply chain"s competitive advantage and benefits to the ultimate customer. The supply chain"s strategic importance: the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer. Includes suppliers, manufacturers and/or service providers, distributors, wholesalers, retailers, and final customer: large portion of sales dollars spent on purchases, supplier relationships increasingly integrated and long term. Choosing between obtaining products and services externally as opposed to producing them internally: outsourcing. Transfer traditional internal activities and resources to outside vendors. Six sourcing strategies: many suppliers, few suppliers, vertical integration, keiretsu networks, virtual companies. Many suppliers: commonly used for commodity products, purchasing is typically based on price, suppliers compete with one another, supplier is responsible for technology, expertise, forecasting, cost, quality, and delivery. Vertical integration: developing the ability to produce goods or service previously purchased.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents