supply chain
logistic
activities
concept
7's R
right product
right quantity
right condition
right place
right time
right customer
right price
Functions
transportation
warehousing
movement of goods in whole supply chain
3PL, 4PL
Reverse Logistic
re-use
returns
5 ways
air way
water way
rail way
road way
pipeline
connect between each operations from suppliers to customers in order to store materials or products.
activities
receiving
storing
shipping
recycling
disposal
goal
aim at matching customer satisfaction with the lowest cost
inventory management
goal
keeping the right quantity of stocks to satisfy demand will minimize the cost
concept
3PL
third party logistic: the external logistic company help you do one or more logistic processes in supply chain. you outsourcing your logistic for these companies
4PL
Some big big companies may establish the joint venture which is small companies but only focus on logistic, help the big company for whole of it supply chain
Risk management
Sustainability
Risks Prediction
tools help you to control the stocks properly in order to give a buffer between supply and demand
Risks estimating
Risks Prevention
Packaging
JIT
Pull & Push
ROI
Bullwhip Effect
VMI
WMS
RFID
EOQ
3 type of stocks
raw materials stock
semi-finished product
finished product
in some cases, some company just make in progress product (semi-finished product) like : spare parts, coffee powder in star buck
push : products are manufactured without asking from customer
Character:
- hard to predict demand (over stocks or out of stock)
pull: product is manufactured only when customer needs.
Character:
- base on customer need
- JIT : Just in time
stock turnover ❗
what is ? ⭐
how to calc ⭐
is the rate of movement of goods in Inventory
(annual amount spend on stock)/(average value of stock held)
the higher stock turnover: the better for the company .bc it means the company is selling more goods
common ways to calc value of stock
actual cost
replacement cost
average cost
FIFO
LIFO
click to edit
12 steps
technology of contactless replacing barcode, you just to tap or touch to surface. in SC RFID is used for tracking item in warehouse so that you dont have to use barcode anymore
is the effect when the orders from customers come to manufacture or suppliers cause the manufacture and the suppliers in each stage increase the products . in the end make the supply is bigger than demand. EX