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In this document you can find the supply chain summary for my first two quarters of my first year of college.
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Operations and supply chain management II chapter 1, 2, 8, 11, 7, 12s
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Operations and supply chain management summary chaper 1, 2, 3, 4, 5
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Summary Introduction to operations and supplychain management q3
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Supply chain summaryTraining 1
Operations management:
the planning, scheduling and control of the activities that transform inputs into finished
goods and services.
Logistics 7 rights
Logistics management is that part of the supply chain management that plans, implements
and controls the efficient, effective forward and reverse flow and storage of goods, services
and related information between the point of origin and the point of consumption in order
to meet customers’ requirements.
A supply chain ‘encompasses all activities associated with the flow and transformation of
goods from the raw material stage (extraction), through to the end user, as well as the
associated information flows.’
Examples of reverse flow:
- Returning products
- Giving feedback
- Recycling
Upstream supply chain:
supplier’s supplier
supplier
upstream logistics
raw material
production
The raw material and production parts are in WIP (work in progress).
Downstream logistics:
finished goods (from WIP)
downstream logistics
wholesalers
retailers
consumers
First tier supplier:
Your own supplier
Second tier supplier:
The supplier of your supplier
there can be more supplier tiers than just two
, Training 2
Lead time:
The amount of time between an order is placed until it is ready to be delivered.
Process integration:
Working together in the supply chain is the key element which provides value to the
customer.
for example suppliers and distributors.
Intra-organizational operations
Supply chain operations consist of:
- Finance
Budgeting, analysis, funds
- Marketing
What product? What volumes? Cost? Quality? Delivery?
- Accounting
Performance measurement systems. Planning and control.
- Design
Sustainability, quality, manufacturability.
- (M)IS
Management information systems. What IT solutions to make it all work together?
Inter-organizational interactions:
suppliers
distributors
wholesalers/retailers
customers
A top-down model of strategy
Mission statement
- Reason for existence
- Core values
- Domain
Business strategy
- Targeted customers/markets
- Areas of sustainable competitive advantage/core competency
- Role of supply chain partners
- Time frames and performance objectives
Operations and supply chain strategies <-> other functional strategies
- Translate business strategy into operations - marketing
and supply chain actions - finance
- Provide value to targeted customers - human resource
- Develop supporting core competencies in - research and develop.
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