BMGT 110 Chapter Notes - Chapter 10: E-Procurement, Retail, E-Commerce

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 110
• Professor: All

Document Summary

Materials spend lots of time in warehouse opp to reduce time of suppy chain cycle. Lead to reduction in inventory, more flexibility, reduces cost, + better deliveries. Companies need to consider relation to further improve operations. Supply chain=set of entities + relationships that define materials + information flows downstream toward customers + upstream toward 1st supplier. Materials + requisite info flow forward (suppliers to customers) Return materials, info + monetary payments flow backward (customer to supplier) More useful to show chain from specific perspective. Physical supply= flow of materials from upstream into z. Physical distribution= flow of materials through z downstream. Distribution channel= specific route, that"s only pt of supply chain for z. ~1st tier suppliers are directly connected, 2nd tier connect though other. Can supply chain by starting w/ final customer + trace backwards. Supply chain management (scm)= design +management of seamless, value-added processes across org boundaries to meet real needs of end customer.