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Supply Chain Management - Coggle Diagram
Supply Chain Management
Flashpoints
Sequence of events from conception to consumption
No one size fits all
Few companies adopted modern supply chains
Quality supply chains require, money, time talent, energy, focus and commitment
Typical Day
Budget projections
sourcing parts
Analysis of competitiors
Visiting suppliers
Supply chain manager
Minimise costs
Minimise disruptions to supply chains
Sourcing backup suppliers
Identify bottlenecks
Empower people
Supply chain management definitions
Plan, source, make, deliver and return
Source, procurement, conversion, and all logistics management activities
History
Jay Forrester 1950 - Modern supply chain concepts
Bull Whip Effect
1982 - supply chain management first appeared in print - Keith Oliver
Michael Porter 1985 - Identified 5 processes:
Inbound logistics
Operations
Outbound Logisitics
Sales and marketing
Service
Roadblocks
Problems during transformations
Technology failures
High project costs
Business hesitation
Business strategies
Unconvinced employees
Success
CEO level support
Strategy developement
Daily battles
Respond quickly to shifts in demand