Summary
Full summary of all the lectures of Supply Chain management 2022/2023
- Course
- Institution
All the information for your exam is in this summary. Everything from the lectures is in the summary.
[Show more]
Seller
Follow
maartjevangerwen
Content preview
Supply chain managementCOURSE OUTLINE:
Lecture 1
What is a supply chain?
• All companies who have to work together to get the product at the consumer.
• Supplier → factory → distributors → customers
What is supply chain management?
Supply chain management is a set of approaches utilized..
to efficiently integrate suppliers, manufacturers, warehouses, and stores …
so that merchandise is produced and distributed at the right quantities, to the right locations, and at
the right time…
In order to minimize system wide costs while satisfying service level.
Other definitions:
• Institute for supply management: the design and management of seamless, value-added
process across organizational boundaries to meet the real needs of the end consumer.
• The supply chain council: managing supply and demand, sourcing raw materials and parts
manufacturing and assembly, warehousing and inventory tracking, order entry and order
management, distribution across all channels, and delivery to the customer.
The SCM network
, • Very big, complicated networks.
The goods – services continuum
• Delivering the right product, at the right time, and the right location.
• Many companies combine services and goods.
o Products are supported by services such as warranties and training
o Services are enhanced through the inclusion of products.
Key observations
• Every facility that impacts the costs need to be considered.
o Suppliers’ suplliers
o Customers’ customers
• Efficiency and cost-effectiveness throughout the system is required
o Increased pressure for sustainability
o Increased risk / disruptions require agility and resilience.
• Multiple levels of activities
o Strategic – tactical – operational
What type of questions does SCM addresses?
What activities constitute SCM → 3 levels
1. Strategic
• How do I select suppliers, how many suppliers, outsource or inhouse? (procurement)
, • Strategic is about these 2 things!
2. & 3: Tactical and operational
➢ Forecast demand: how can I use past data / available data to forecast demand.
➢ Plan & manage inventory: how much inventory do I need? How many do I have to
produce / buy? → high inventory = high cost!
➢ Plan production: how many do I produce to meet the requirements
These 3 are based on long term decision making
➢ Process orders
➢ Move product: how do I schedule delivery to customer?:
These 2 are based on daily / weekly decision making
Supply chains: an evolutionary perspective
In the beginning
➢ Fewer channel intermediaries
➢ Sole suppliers
➢ Limited interactions and transactions (customers)
Henry Ford & Fully integrated supply chains( industrial revolution)
➢ Vertical integration
➢ Firm boundary was drawn to cover as many activities as possible
➢ Ford Rouge plant → do as many as possible
, Disintegrated with Geographical Proximity
Emergence of the Toyota City concept
➢ Component and material suppliers are different firms
➢ They don’t own the companies to who they provide products; but they work very closely
with the suppliers who are located in the same area
➢ Located in the same geographical area
➢ Toyota city
Early supply chains
• Geographical proximity
• Integrated ownership structures
Why?
• Transportation slow and costly
• Communication and information exchange challenges
Now: it has changed!
Today’s supply chains
➢ Fragmented supply chains
➢ SKU proliferation → more companies offer customers a huge variety of products.
In contrast to Ford:
Porsche get his materials for a auto from many companies
Globally dispersed manufacturing
• Complexity of manufacturing
• A product has a lot of components from different countries → that is why the production
time can be very long. (i.e. fashion products) → up to 9 months
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 maartjevangerwen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.97. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now