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LEC 1: INTRODUCTION TO SUPPLY CHAIN MANAGEMENT - Coggle Diagram
LEC 1: INTRODUCTION TO SUPPLY CHAIN MANAGEMENT
Definition
Definition:
Supply : suppliers -> customers
Chain: source - make - deliver
SCM
ISM: the design and management of seamless, value added process -> meet the real needs of end customer
CSCMP: management of sourcing and procurement, conversion, all logistics management activities
CIPS: The management of the flow of G&S
APICS: design, planning, execution, control, monitoring
Typical supply chain
1st tỉer: direct suppliers EX: blue plastic components
end product manufacturer (focal firm)
2rd tier: raw material supplier EX: plastic
wholesalers
retailers
consumers
SCOR DS:
a model provides methodology, diagnostic and benchmarking tools -> help organizations make dramatic and rapid improvements in supply chain process
EX: VINAMIK
Plan
→ Stable raw milk supply (domestic & international)
Source
→ Sourcing from local farms & global suppliers
Make
→ 13 factories (Vietnam), 3 abroad, ISO certified
Delivery
→ 40+ countries, efficient distribution network
Return
→ Handles product returns, maintains quality
Enable
→ Focus on food safety, quality management, tech systems
The importance
Benefits
D -> cost, bullwhip effect
I -> quality, service
Bull whip effect
def: erratic/uncertain market demand -> safety stock increases -> production planning problems for the entire supply chain
Ex: Coin cake, Grapefruit, Sweet red bean soup
Impact:
Increase: cost (inventory, raw material, transport), lead time
Decrese: customer service, quality, responsiveness to market dynamics
material shortage
overtime expenses
stock out and lost sales
unnecessary adjusted capacity
Career
Purchasing/ procurement department
Logistics team
Transportation
Warehouse
Import/export
Production planning group
Operation management