[33:799:301] - Final Exam Guide - Everything you need to know! (46 pages long)

• School: Rutgers University
• Department: Supply Chain Management
• Course: 33:799:301
• Professor: James King

Document Summary

Supply chain management - from obtaining raw goods to delivering final goods to customers. Managing all the steps involved in bringing a product to market - buy materials, manufacture or assemble them, sell to customer. Vertical integration - company owns resources from point of source to point of sale. Tiers of suppliers and tiers of channel partners (customers) all the way to consumers. Efficient supply chain model - supply chain and processes are designed to minimize cost, predictable supply and low cost, high inventory turns, low cost production/utilized capacity. Responsive supply chain model - supply chain designed to respond quickly to market demand, fast response, minimal inventory, minimize lead time, flexible capacity/inventory of parts. Push or make-to-stock - producing stock on the basis of anticipated demand. Forecast > buy components > manufacture > warehouse > sell > deliver. Pull or make-to-order - producing stock in response to actual demand. Sell > buy components > manufacture > deliver.