33:799:301 Chapter Notes - Chapter 1: Supply Chain, Cash Flow, Operations Management

• School: Rutgers University
• Department: Supply Chain Management
• Course: 33:799:301
• Professor: A Taitt

Document Summary

Establishes the parameters within which the supply chain will operate. Developing metrics to monitor supply chain so that it is efficient and cost effective. Process of identifying suppliers that provide materials needed for supply chain to deliver finished product. Defined as the global network used to deliver products and services from raw materials to customers through an engineered flow of information, physical distribution, and cash. Simply put: everything that happens to a product on the journey from concept to consumer". Companies plan what they make, source the materials, make the products, and deliver them to the marketplace. Companies may also handle returns back through the supply chain. Series of operations performed to convert materials into a finished product. Most metric intensive portion of supply chain: able to measure quality levels, production output, and worker productivity. Oversees planning and execution of both forward and reverse flow of goods and related info between various points in supply chain.