SUPPLY CHAIN MANAGEMENT

1. SUPPLY CHAIN MANAGEMENT

2. A sequence of organizations – their facilities, functions, and activities – that are involved in producing and delivering a product of service. • A value chainis another name for a supply chain.

3. Supply Chain Management is primarily concerned with the efficient integration of suppliers, factories, warehouses and stores so that merchandise is produced and distributed in the right quantities, to the right locations and at the right time, and so as to minimize total system cost subject to satisfying customer service requirements. • Its the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

6. Determining what products and/or services customers want. • Predicting the quantity and timing of customer demand. • Incorporating customers, wants, manufacturability and time to market • Meeting demand requirements while managing the costs of holding inventory. • Matching supply and demand. • Controlling quality, scheduling work. • Evaluating suppliers & making timely purchases for production • Managing supply and supplier relations • Determining the best location for the facility • Deciding the best way to move information & materials

7. Logistics • The part of supply chain involved with the forward and reverse flow of goods, services, cash, and information. • The movement of materials, services, cash and information in a supply chain.

8. Logistic Types • Logistics types • Movement within the faculty • Incoming and Outgoing shipments • Traffic management • Distribution requirements planning (DRP) • 3-PL (Third party logistics) • Reverse logistics • Gate keeping • Avoidance

10. Quality • Cost • Customer service • Flexibility • Velocity

13. Purchasing Interface

14. Purchasing Cycle

15. Supplier Management