Management and Organizational Studies 3330A/B Chapter Notes -Vendor-Managed Inventory, Facility Location Problem, Pharmaceutical Industry

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Supply chain: a network of facilities, functions, and activities involved in producing and delivering products or services, from suppliers to customers. Supply chain management: coordination of the movement of goods through the supply chain, control of information such as sales data, sales forecasts, promotions, and inventory levels. Traditional view of supply chain: suppliers manufacturers wholesalers (distributors) retailers. Customers: information passed both ways in chain, goods flow right, revenue flows left. Network view of supply chain: e. g. Pharmaceutical company: active ingredients formulation packaging distributor retail pharmacy customer. Secondary packaging (tier 1: label manufacturer (tier 2, two or more chains come together. E-supply chain: can sell to customers directly, goods flow. Suppliers contract manufacturers logistics providers customers: information flows everywhere with different types of data. Transportation cost, mode, lead time, traffic management. Positioning of inventory (where/how many to hold?) Outsourcing freight consolidation and distribution activities: they can get economies of scale. International business: makes sense to use 3pl.

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