DSCI 304 Final: OP MGMT chap 15

• School: College of Charleston
• Department: Decision Sciences
• Course: DSCI 304
• Professor: Hartley

Document Summary

Supply chain: sequence of organizations, their facilities and functions and activities that are involved in producing and delivering a product or service. Logistics: the part of a supply chain involved with the forward and reverse flow of goods, services, cash and information. Goal of supply chain mgmt: to match supply and demand as effectively and as efficiently as possible. Being able to quickly identify problems and respond to them. Lower prices may result from lower labor costs. The ability of the organization to focus on its core strengths. Permits the conversion of some fixed costs to variable costs. It can free up capital to address other needs. Some risks can be shifted to supplier. The ability to take advantage of a suppliers expertise. Makes it easier to expand outside of the home country. What are risk to supply chains when outsourcing occurs: supply chain disruption.