Summary
Logistics & SCM Summary year 1
- Course
- Institution
My logistics & supply chain management summary for year 1. I passed with a 16/20.
[Show more]
Seller
Follow
joyceenatamayala
Reviews received
Content preview
LOGISTICS AND SUPPLY CHAIN MANAGEMENTChapter 1 - Introduction 6
1. Logistics and SCM 6
Supply Chain Management 6
Logistics (subcategory of SCM) 7
Difference between Logistics and SCM 7
2. The evolution of logistics and SCM 7
Reduced transport intensity of freight 7
Falling product prices 8
Deregulation of transport 8
Productivity improvements 8
Emphasis on inventory reduction 8
Changes in company structure 9
Chapter 2 - Globalization 10
1. Growth in international trade 10
Important conclusions 11
2. Containers : the humble hero 11
3. Measuring logistics performance 11
Liner Shipping Connectivity Index (LSCI) 12
Globalization 12
4. Directional imbalances 14
Chapter 3 - Supply chain relationships 15
1. Globalization of supply chains 15
2. Outsourcing 15
Reasons for outsourcing 15
Issues and critical considerations of outsourcing 16
Tiers of outsourcing 17
3. Offshoring 17
Cost savings offset by unforeseen costs 17
Alternatives to offshoring 17
Reasons for offshoring 18
4. Failures in outsourcing 18
5. Evaluating and selecting outsourcers 18
Order qualifiers 18
Environmental separation index (ESI) 19
Order winners 19
Flowchart to follow when evaluating and selecting outsourcees 19
6. Outsourcer and outsourcee 20
, 7. Supply chain integration 20
Integration vs collaboration 20
Collaboration 20
Integration 20
8. Supply chain collaboration principles 21
Dynamics of trust and collaboration 21
Dimensions of collaboration applied to transport management 23
Chapter 4 - Supply chain strategies 24
1. Strategy 24
2. The evolution of manufacturing 25
3. Lean production 25
Toyota production system 26
Key areas of waste (TIMWOODS) 26
4. Agile supply chains and mass customization 27
The agile supply chain 27
Customer order decoupling points 28
Importance of CODP 29
5. Combined logistics strategies 29
Short lead times, predictable demand 30
Short lead times, unpredictable demand 30
Long lead times, predictable demand 31
Long lead times, unpredictable demand (hybrid strategy) 31
6. Critical factors to consider in supply chain management 31
The bullwhip effect 32
Chapter 5 - Transport in supply chains 33
1. Characteristics of the different transport modes 33
Relationship between rate and distance, and rate and weight 33
Choosing the right transport mode 33
Intermodal transportation 35
2. Transport operations, distribution centres and the role of factory gate pricing 36
Distribution centres 36
European logistics hubs 37
3. Load services used in international transportation 39
Intermodal transport unit (ITU) 39
Transloading 40
4. Efficiency of transport services (ref. 1) 40
5. International transport networks 41
There are a lot of international transport networks. A few examples include… 41
,Chapter 7 - Logistics service providers 42
1. Developments leading to logistics outsourcing 42
2. Classifying logistics companies 43
Further classification of LG companies 44
3. Selecting logistics service providers and services 45
Physical good flows 45
Information flows 45
Advantages 47
Disadvantages 47
Factors to be considered when selecting LSPs 48
Chapter 8 - Procurement 49
1. Purchasing vs. Procurement 49
2. Procurement as strategic activity 49
3. Difference between private and public procurement 49
Public sector procurement 49
Private sector procurement 50
4. Procurement and markets 50
5. Managing value and risk 50
6. The role of the buyer 50
7. The procurement process 50
8. Procurement performance and metrics 50
9. Ethical sourcing and sustainability 50
10. Procurement and SCM 51
,
,
, Chapter 1 - Introduction
1. Logistics and SCM
Supply Chain Management
= the management, across and within a network of upstream and downstream
organisations, of both relationships and flows of materials, information and resources.
=> the purposes of SCM are to create value, enhance efficiency, and satisfy customers.
SCM focuses on
- physical flows of materials
- flows of information that inform the sc
- resources that help the sc to operate effectively
We view SCM from an end-to-end perspective. Downstream goes from supplier to customer
while upstream is the reverse.
[synonyms : farm to fork, sketch to store, dust to rust]
There are two different supply chain views.
Push view : supply view
ex. buying a car from the lot
Pull view : demand view
ex. buying a customized car
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 joyceenatamayala. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.41. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80467 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now