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CHAPTER 1: INTRODUCTION TO SUPPLY CHAIN MANAGEMENT (Definition (consists…
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The design and management of seamless, value-added processes across organizational boundaries
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- Planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities
- includes coordination with channel partners
Firm gained synergy as a vertically integrated firm encompassing the ownership and coordination of several supply chain activities
focuses activities in its area of specialization and enters into voluntary and trust-based relationships with supplier and customer firms.
- Large inventories
- Large number of suppliers
- Complex products
- Customers with large purchasing budgets
- Lower purchasing and inventory costs
- Improved quality
- Higher levels of customer service
- Start with key suppliers
- Move on to other suppliers, customers, and shippers
- Integrate second tier suppliers and customers (second tier refers to the customer’s customers and the supplier’s suppliers)
- Reduced Bullwhip Effect by Collaborative planning, forecasting, and replenishment
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- Supply Chain Management (SCM)
- Just-In-Time (JIT)
- Total Quality Management (TQM)
- Business Process Reengineering (BPR)
improving supply chain capabilities with initiatives such as:
- Third-party service providers (3PLs)
- Integrating logistics
- Using transportation to facilitate rapid response
- Supplier management
- Strategic partnerships
- Ethics and sustainability
- Demand management
- Linking buyers & suppliers via MRP and ERP systems
- Use lean systems
- Employ Six Sigma
- Transportation management
- Customer relationship management
- Network design
- Supply Chain Process Integration
- Supply Chain Performance Measurement
- Cost reduction achieved
- Continuous Improvement