SCM 3301 Lecture Notes - Lecture 15: Safety Stock, Supplier Relationship Management

• School: University of Houston
• Department: Supply Chain Management
• Course: SCM 3301
• Professor: Wayhan Victor

Document Summary

Sharing information and coordinating resources to jointly manage a process. Integration requires communication and cooperation from a variety of partners throughout the supply chain. The world class companies leverage cost and performance throughout the supply chain. These are key partners who will eventually enable the successful sale and delivery of end products to end customers (supplier evaluation and development) Align supply chain strategies with key supply chain process objectives. If a firm differentiates itself based on quality, then the key supply chain process objectives must align with the strategic objective. Acting only in regard to a single department within the firm or a single firm with the supply chain (local optimization) Inability to easily share or retrieve trading partner info. Artificial batching or orders makes more variations (end of quarter) Utilize a supply chain it system (across supply chain, i. e. , erp)