BUAD 331 Study Guide - Final Guide: European Cooperation In Science And Technology, Tums, Balance Sheet
Document Summary
Sped along by commoditization of products and industries. Cost differentials between you and your competitor create value to the customer and is the. Logistics management: managing the movement of goods and information through the organization and marketing channels in a cost effective way to maximize profits. Supply chain management: relationship with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole. Inbound logistics: coordination of purchasing, inbound transportation, raw materials, component parts, work in process inventories, and production scheduling. Outbound logistics: the distribution function: coordinate forecasting, finished goods inventory management, warehousing, outbound transportation, customer service and production scheduling. Order decoupling point: point that customer order penetrates in the supply chain process. Supply chain management coordinates information, materials, and logistics to support customer requirements. Supply constraints are continuously communicated to sales and managed at point of sale. Focus on continuity of supply and direct vendor relationships ensure material availability.
