SCM 300 Chapter : Mod1_What is Supply Chain Management_Notes.docx
Document Summary
What is supply chain management? enotes module 1. Effective and efficient management of supply chain partners across multiple countries can offer both competitive advantages as well as complicating circumstances. : the visual supply chain: supply chain illustration , 1st tier suppliers a company"s direct supplier. In a company an executive that works in downstream supply chain management finds ways to get goods and services closer to the customer in an effective and efficient manner. Inventory visibility (supply chain visibility) the ability to see what is happening with inventory up and down a supply chain. : managing a successful supply chain: profit companies invest money to make and deliver products and/or services. They then sell the products and/or services for money. This is revenue: profit = revenue cost, what some companies fail to acknowledge is that supply chains play a role in both revenue and cost.
