Summary
Summary Guide to Supply Chain
- Course
- Institution
- Book
Summary of key chapters of logistics and supply chain management chapters from book SUPPLY CHAIN MANAGEMENT written by John J. Coyle.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Test Bank For Supply Chain Management: A Logistics Perspective - 11th - 2021 All Chapters - 9780357442135
-
Summary SCM CAB5
-
"Supply Chain Management: A logistics Perspective" Summary Chapter 1
Seller
Follow
peter_strmensky
Content preview
SUPPLY CHAIN MANAGEMENTJohn J. Coyle
Hanze University of Applied Sciences
International Business
, PETER STRMENSKÝ
1.1.21
SUPPLY CHAIN MANAGEMENT
CONTENT
FACTORS INFLUENCING SUPPLY CHAIN.................................................................................................3
1. Globalization..............................................................................................................................3
2. Technology.................................................................................................................................3
3. Organizational Consolidation and power shifts..........................................................................3
4. Empowered consumer...............................................................................................................3
5. Government policy and regulation............................................................................................3
SUPPLY CHAINS: DEVELOPMENT AND SHAPING 21 st CENTURY.............................................................3
CONCEPT DEVELOPMENT.................................................................................................................3
1960: Physical distribution.............................................................................................................3
1980: Integrated logistics management.........................................................................................3
1990: Supply chain management...................................................................................................4
Major Supply Chain Issues.............................................................................................................4
GLOBAL DIMENSIONS OF SUPPLY CHAINS.........................................................................................5
1. Rationale for Global Trade and Commerce................................................................................5
2. Contributing factors for global commerce and supply chain flows............................................5
3. Global markets and strategy......................................................................................................5
ROLE OF LOGISTICS IN SUPPLY CHAINS..........................................................................................5
SUBDIVISIONS OF LOGISTICS.........................................................................................................6
ACTIVITIES: LOGISTICS MANAGER.....................................................................................................7
LOGISTICS IN THE ECONOMY: MACRO PERSPECTIVE.....................................................................7
LOGISTICS IN THE FIRM: MICRO DIMENSION.................................................................................8
LOGISTICS IN THE FIRM: FACTORS INFLUENCING THE COST..........................................................9
SOURCING MATERIALS AND SERVICES..................................................................................................9
ASPECTS OF STRATEGIC SOURCING.................................................................................................10
TYPES AND IMPORTANCE OF ITEMS AND SERVICES PURCHASED................................................10
STRATEGIC SOURCING PROCESS......................................................................................................11
SUPPLIER EVALUATION AND RELATIONSHIPS..............................................................................12
PRODUCING GOODS AND SERVICES....................................................................................................13
PRODUCTION PROCESS FUNCTIONALITY.........................................................................................13
PRODUCTION TRADEOFFS...........................................................................................................13
PRODUCTION CHALLENGES.........................................................................................................13
OPERATIONS STRATEGY AND PLANNING.........................................................................................14
2
, PETER STRMENSKÝ
1.1.21
SUPPLY CHAIN MANAGEMENT
PRODUCTION PLANNING.................................................................................................................15
PLANNING TIMEFRAMES.............................................................................................................15
ACTIVITIES....................................................................................................................................15
PRODUCTION EXECUTION DECISIONS.............................................................................................16
MATRIX........................................................................................................................................17
PACKAGING......................................................................................................................................17
PRODUCTION METRICS........................................................................................................................18
PRODUCTION TECHNOLOGY............................................................................................................18
ORDER MANAGEMENT AND CUSTOMER SERVICE...............................................................................19
CUSTOMER RELATIONSHIP MANAGEMENT.....................................................................................19
B2B Integration............................................................................................................................19
Activity-Based Costing.....................................................................................................................20
CUSTOMER SERVICE........................................................................................................................21
EXPECTED COST OF STOCKOUTS......................................................................................................22
ORDER MANAGEMENT INFLUENCE ON CUSTOMER SERVICE..........................................................23
SERVICE RECOVERY..........................................................................................................................25
MANAGING INVENTORY......................................................................................................................25
INVENTORY IN THE FIRM.................................................................................................................25
INVENTORY COSTS...........................................................................................................................26
INVENTORY MANAGEMENT: APPROACHES.....................................................................................27
ADDITIONAL APPROACHES..............................................................................................................28
CLASSIFYING INVENTORY.................................................................................................................29
DISTRIBUTION – MANAGING FULFILMENT OPERATIONS....................................................................30
DISTRIBUTIONS PLANNING AND STRATEGY.....................................................................................31
DISTRIBUTION EXECUTION..............................................................................................................32
DISTRIBUTION TECHNOLOGY...........................................................................................................33
2
, PETER STRMENSKÝ
1.1.21
SUPPLY CHAIN MANAGEMENT
“Change is
inevitable, but
growth and
FACTORS INFLUENCING SUPPLY CHAIN
Factors influencing supply chain decisions
1. Globalization
a. More competitive environment
b. Geographical placement
c. Time and distance
d. Challenges
i. Shortening product-cycle life – products are easily reproducible
ii. Organizational boundaries – business transformation
iii. Economic and political risk – various policies restructuring the business
environment
e. Outsourcing – a technique used to overflow competition
2. Technology
a. Information availability
b. Social sites
3. Organizational Consolidation and power shifts
a. Retail market
4. Empowered consumer
a. Services specialization
b. Increasing demand specifications
c. Custom made products
d. Demographic – diversity
e. Internet driven – marketing
5. Government policy and regulation
a. Transportation deregulations – economic controls, rates and areas of service
b. Financial market had become more responsive, flexible to consumer needs
c. Communication industry – the split of AT&T phone system
i. Opened a market for other companies
ii. Responsive market
SUPPLY CHAINS: DEVELOPMENT AND SHAPING 21st
CENTURY
CONCEPT DEVELOPMENT
1960: Physical distribution
1. Physical distribution
a. Focuses on the outbound side of a firm’s logistics system
i. Transportation, inventory requirements, warehousing, exterior
packaging, materials handling, cost activities
1980: Integrated logistics management
1. This concept added inbound logistics to the outbound logistics of physical distributions
2. Improved customer service, reduced the cost and increased efficiency
a. Total cost concept
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller peter_strmensky. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $22.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now