SCM 300 EXAM 1 MODULES 1-4 (DAVILA) LATEST| 2024
Supply Chain Management the management of the chain of supplies
buy it -> make it -> move it -> sell it -> service it SCM Flows/Strategy
1. cost
2. quality
3. speed/time
4. flexibility Competitive Priorities
value (what i...
Procurement (buy it) process of obtaining services, supplies, and equipment in conformance
with corporate regulations
Operations (make it) makes business processes effective and efficient. They help the
organization create high quality products/ services using the fewest resources
Logistics (move it) developing the transportation itinerary and finding reliable transportation
and storage partners, to be able to navigate the flow of materials to the final destination
purchasing -> production -> distribution -> retail sales The Supply Chain
The efficient integration of the Supply ChainSCM Def
satisfy the customer, satisfy the company, consider the future Successful SC Manager
sustainable long term profits and maimize ROI Corporation Goals
Reverse Logistics reuse of production and materials
1st Tier Suppliers a company's direct supplier. A firm that directly provides goods and/ or
services to a company
2nd Tier Suppliers a firm provides goods and/ or services to a company's first-tier supplier
, Downstream direction in which products flow towards an end consumer. Direction is the right.
Storage and consolidation/sorting
picking and packing, labeling
Upstream direction from customers to suppliers. Direction is the left
central return center AKA reverse logistics activities
Business model planning to purchase, transform, deliver, and sell products with intent on
making a profit
Supply Chain Visibility ability to see what is happening with inventory up and down a
supply chain
Profit Formula: profit = revenue - cost. If supply chain creates a damaged product no one will
buy it for a premium price, that's why it's important for the supply chain to deliver the best
products
ROI Formula: total profit/ total invest money. Return on investment- an economic measure
that helps evaluate the return of money. Scenario 1: 10/1,000 = 0.01 Scenario 2: 10/1 = 10 (good
investment).
total profit/ total invest money ROI Formula
profit= revenue - cost Profits Formula
Delivery time from order placement to order fulfillment
1. defaults
2. overproduction
3. transportation (moving products may involve damage or theft)
4. motion (employees get tired thus get injured)
5. waiting (work in process finished to soon and is waiting to be finished)
6. inventory (not providing return)
7. over processing (doing unnecessary work) 7 types of waste
a. supply chain metrics: be able to report success or failure.
b. info technology tools: knowing what's happening in global supply chain
c. relationship management skills: being able to work with executives and employees at other
companies
d. financial resources: company needs to be willing to invest in supply chains.
e. organizational integration: being able to communicate between marketing, design, finance, and
advertising. SC Tools
Amazon B2C
DHL Cargo B2B
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