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Lecture 1: Introduction to Sourcing and Supply Management (Managing the…

- - - - “the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers.” Harland (1996)
      - “the systemic, strategic coordination of the traditional business
        functions and the tactics across these business functions within a
        particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole.”
        Mentzer et al. (2001)
    - - “the network of organisations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services delivered to the ultimate consumer.” Christopher (1992)
      - “a set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, and/or information from a source to a customer.” Mentzer et al. (2001)
- - - - 3D Printing
        3D Printing Could Revolutionize Supply Chain Management (Slide 69)
        
        Possible Future Advantages of a Supply Chain Based on 3D Printing Technology
        
        Reduces costs for managing a global logistics network, i.e., costs for transportation and warehousing.
        
        By stationing manufacturing close to strategic markets, 3D printing reduces the length of the supply chain.
        
        Regional manufacturing centers can tackle inventory concerns, e.g., for industrial spare parts, customized products.
        
        3D printing enables manufacturers to easily produce goods to order, helping save money and minimize waste.
        
        3D printing makes it possible for businesses to consistently deliver goods in tighter timescales.
        
        3D printing helps to meet customers’ growing demands for personalized products.