Supply Chain Management (SCM) Assignment
Added on 2021-05-21
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Supply Chain Management Table of ContentsWeek 1...................................................................................................................................................2Chapter 1 – Supply Chain Management.............................................................................................2Logistics & SCM Intro......................................................................................................................2Chapter 2 – Global Dimensions of Supply Chains...............................................................................6Chapter 3 – Role of Logistics in Supply Chains....................................................................................7Week 2.................................................................................................................................................11Chapter 5 – Sourcing Materials and Services....................................................................................11Week 3.................................................................................................................................................17Chapter 9 – Managing Inventory in the Supply Chain......................................................................17Week 4.................................................................................................................................................26Chapter 13 – Supply Chain Performance Measurement and Financial Analysis...............................26
Supply Chain Management Week 1 Chapter 1 – Supply Chain Management Logistics & SCM Intro Logistics -The process of planning, implementing and controlling the efficient and effective flow and storage of raw materials, in process inventory, finished goods, related services and information from point of origin to point of consumption for the purpose of conforming to customer and organizational requirements The logistics Pipeline -The logistics Pipeline (Company Focused)-Materials Management (Inbound)-Physical Distribution (outbound)-Goal of Logistics: oTo provide an acceptable level of customer service at the lowest possible total costLogistics -The (customer service) goal of logistics is to get the right products, to the right people, in the right place, in the right quantity, in the right condition, at the right time, for the right price-3 Key Logistics Activities:oTransportationoStorageoOrder Processing (outbound)/ Purchasing (inbound)What has Logistics Done for us? -Give access to new markets-Increase economies of scale-Increase competition -Reduces prices to the consumer-Increases consumer choice -Allows companies to use comparative advantage to gain competitive advantage
Supply Chain Management Five Major External ForcesIntegrated Supply Chain – Basics SCM is the art and science of integrating the flows of products, information and financials through the entire supply pipeline from the supplier’s supplier to the customer’s customer
Supply Chain Management Logistics Supply Chain Management (Introduction)-Supply Chain Management oCrosses Company BoundariesoAims to make the entire channel operate as efficiently as possible (not just one company in the chain) oSubstitute information for inventory all along the chain oCreate win/win relationships with customers and suppliers Integrated Supply Chain – NetworkSupply Chain Flows -Product FlowoPhysical movement of goods and materials-Information FlowoEnabling physical flow of productsoDecision makingoSupply chain collaborations-Cash flowoManagement of working capital -Demand FlowoDetect and understand demand signals oSynchronize demand vs. supply
Supply Chain Management Major Supply Chain Issues1.Supply Chain Network a.Network system must be capable and flexible to respond to change with market dynamics2.Complexity a.Increased requirements in simplifying and continually evaluating areas of complexity in the various aspects of supply chain 3.Inventory Deploymenta.Increased requirements for coordination or integration to reduce inventory levels on horizontal and vertical levels in the supply chain 4.Informationa.The sharing of information along the supply chain b.The discipline to ensure the integrity of the vast amount of data collected and stored5.Cost and valuea.The prevention of sub-optimization 6.Organizational relationshipa.Internal collaboration b.External collaboration 7.Performance Measurement a.Connecting lower-level metrics in an organization directly to the high-level performance measures of the organization and the supply chain 8.Technologya.Evaluate, strategically plan, and successfully implement the technology to make improvements desired 9.Transportation management a.Transport “perfect storm.” Transport market changes; driver shortages; fuel costs; infrastructure constraints; and regulatory changes 10.Supply chain security a.Risk of disruptions, vulnerability, and exposure to terroristic threats exacerbated by distance and complexity in global supply chain 11.Talent management a.Attract, develop, and maintain the appropriate pool of talent from entry level to executive level
Supply Chain Management Chapter 2 – Global Dimensions of Supply ChainsRationale for Global Trade -Absolute advantageoLower cost and/or access to items not available locally -Comparative advantageoDifferences in the cost of producing products in different countries Global Markets and Strategy Supply Chain Perspective1.Strategically sourcing materials and components worldwide 2.Selecting global locations for key supply depots and DCs 3.Evaluating transportation alternatives and channel intermediaries4.Understanding governmental influences on global SC flows5.Examining opportunities for collaboration with 3 PLs or 4 PLsCustomer Service Perspective 1.Standardization to reduce complexity must maintain some customization. 2.Global Competition often reduces the product life cycle 3.Organizational structures and business models change with more outsourcing 4.Globalization introduces more volatility and complexity
Supply Chain Management Chapter 3 – Role of Logistics in Supply ChainsLogistics Supply Chain Management (Introduction)-Evolution and Background of Supply chain Management oLogistics The process of planning, implementing and controlling the efficient and effective flow and storage of raw materials, in process inventory, finished goods, related services and information from point of origin to point of consumption for the purpose of conforming to customer and organizational requirements -The Logistics Pipeline (company focused)-Materials Management (inbound)-Physical Distribution (outbound)-Goal of Logistics:oTo provide an acceptable level of customer service at the lowest possible total cost Dimensions of Logistics-The customer Service goal of logistics is to get the right products, to the right people, in the right place, in the right quantity, in the right condition, at the right time, for the right price-3 Key Logistics Activities oTransportationoStorage oOrder Processing (outbound), Procurement (inbound) Value-added Roles of Logistics Five Principal Types of Economic Utility Generally, production/manufacturing activities are credited with providing form utility; logistics activities with time, place and quantity utilities; and marketing activities with possession utility
Supply Chain Management Important Logistics ActivitiesTIMETIMEFORMFORMPLACEPLACEEconomic UtilityQUANTITYPOSSESSIONProduction Form utilityProduction Form utilityMarketing Possession utilityLogisticsPlace, Time & Quantity utility
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