COMMERCE 2OC3 Study Guide - Final Guide: Vendor-Managed Inventory, Perpetual Inventory, Inventory Theory
8 Apr 2018
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Chapter 11/11s: supply chain management and supply chain analytics. Supply chain is a coordinated network of people, organizations, and resources that move a product from the suppliers to the customers. If you order a computer from their website for example, they can make, test, and deliver your customized computer to your desktop within 24 hours. A service supply chain: home internet service. Supply chain management is about: how to manage suppliers, how to manage logistics. Supply chain analytics is a set of quantitative tools for managing supply chains: understanding the patterns of a supply chain (data analysis, optimizing the performance of a supply chain (optimization) Supply chain strategy: question it answers: what are the goals the supply chain is trying to achieve, the strategy guides our future decisions, three types of strategies. Respond quickly to changing requirements and demand to minimize stockouts. Prioritize options that provide speed, capacity, and flexibility. Share market research; jointly develop products and options.
