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Global Supply Chain management Summary containing everything you will need to pass SCM R116,62   Add to cart

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Global Supply Chain management Summary containing everything you will need to pass SCM

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This document not only covers all slides of the lectures but also all explanations of the lecturer. With this document, you will be more than prepared as it contains everything that could be in the exam, explained in a detailed way.

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  • Chapter 1 to 4; chapter 6, 11, 12, and 14
  • May 15, 2021
  • 67
  • 2020/2021
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LECTURE NR. 1
Supply Chain

 What it supply chain?
o It is dynamic
o Set of companies’ organizations that work together
o A set of organizations
o They are connected
o Because it is a process where they have to coorperate
o Includes constant flow and movement of information, goods, and funds
o Customers!
o All stages may not be present in all chains (e.g., no retailer or distributor they sell the
product directly to the customer)

 What is supply chain management?
o A set of approaches, techniques, and tools
o Integrate and/or coordinate suppliers, manufacturers, warehouses, and stores
o To guarantee the customer’s satisfaction (if the customer is satisfied you are doing good
business)

 Customer’s satisfaction
o When you make a promise to a customer it’s very difficult to repair it if you fuck it up

 Flows in supply chain




Example:

, DELL supply chain
 Objective of a supply chain




SC surplus, consumer value, price, consumer surplus,

 Example: a customer purchases a wireless router from best buy for 60$ (revebue)
 Supply chain incurs costs (information, storage, transportation, components, assembly, etc.)
 difference between 60$ and the sum of all these costs is the supply chain profit
 supply chain profitability is total profit to be shared across all stages of the SC
 success should be measured by total supply chain profitability, not profits at an individual stage
 in service sector the story is different (health care systems)

 Decision phases in a supply chain
o Supply chain strategy or design
 how to structure the supply chain over the next several years
o Supply chain planning
 decisions over the next quarter or year
o Supply chain operation
 daily or weekly operational decisions

, SC Decision: strategy or design
Strategic supply chain decisions:
o Whether to outsource or perform in-house operation,
o Locations and capacities of facilities,
o Products to be made or stored at various locations
o Modes of transportation
o Information systems
 supply chain design decisions are long-term and expensive to reverse; must take into account
market uncertainty

 Planning decisions:
o The goal is to maximize the supply chain surplus over the planning horizon
o Which markets will be supplied from which locations?
o Subcontracting, backup locations
o Inventory policies
o Timing and size of market promotions
 In planning decisions demand uncertainty, exchange rates, competition over the time horizon
must be considered

 SC Decision: operation
o Time horizon is weekly or daily
o Supply chain configuration is fixed, and operating policies are determined
o Operation decisions:
 allocate orders to inventory or production
 set delivery schedules
Much less uncertainty (short time horizon).

 Process views of a supply chain
o Spply chain is a sequence of processes
 Cycle view
 Push/Pull view

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