COMMERCE 2OC3 Chapter Notes - Chapter 11: Accounts Payable, Electronic Data Interchange, Apics
11 Apr 2017
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Supply chain management: management of activities that procure materials and services, transform them into intermediate goods and final products, and deliver them through a distribution system. Supply chain management includes determining 1) transportation vendors, 2) credit and csh transfers, 3) suppliers, 4) distributors, 5) accounts payable and receivable, 6) warehousing and inventory, 7) order fulfillment, and 8) sharing customer, forecasting, and production information. The objective is to build a chain of suppliers that focuses on maximizing value to the ultimate customer. The supply chain strategy must match the om strategy, whether it be low cost, fast response, or differentiation. There are several organizations in canada striving to increase awareness and expertise within the area of supply chain management, some of the most notable are as follows: Development of successful strategic plan for supply chain management requires careful research, an understanding of the risk involved, and innovative planning.
