[33:799:301] - Final Exam Guide - Everything you need to know! (31 pages long)
29 Mar 2017
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Document Summary
Video: i2 supply chain management: need software solutions to help processes work together efficiently, without software solutions, many products go bad in factories and trucks travel at half capacity, money is lost and product quality is affected. Supply chain flow of products and services from raw materials, manufacturers, wholesalers, retailers: connected by transportation, integrated with information and planning. Vertical integration buying down the chain of command. (ex. Manufacturer buys out supplier: not used much now, manufacturing now as big of a deal, this also means less control. New paradigm more tiers, greater risk, reverse logistics: all participants benefit. Successful steps in a supply chain: demand forecasting, product planning, product changes, marketing, technology, purchasing plans, delivery. Bullwhip effect erratic demand forecasts can create a surplus and cause production planning problems: makes supply chain inefficient and costly. Quality re(cid:448)olution in 80"s scm becomes prevalent: creation of just-in-time (jit) and total quality measurement (tqm) technologies.
