Flashcards
Supply chain management
Cards in this deck (14)
- 1Supply chainNetwork of all the activities involved in delivering a finished product or service to the customer
Coordinated and manages all activities of the supply chain - 2Components of supply chainExternal suppliers
Internal functions - processing, purchasing, planning, quality and shipping - 3Components of a supply chainExternal distributors - responsible for managing movement of product between locations
Traffic management (shipment of incoming & outgoing products or material)
Distribution management - 4Bullwhip effectInaccurate or distorted demand information created in the supply chain
Causes - price fluctuation, demand forecasting updating
Results in
Poor customer service
Excessive inventory investment
Lost revenues - 5How to counteract the bullwhip effectChange the way suppliers forecast product demand
Eliminate order batching
Stabilise pricing - 6E-commerce and e-business B2BUse Internet and web to transact business
Business to business - businesses selling/buying from other businesses - 7Benefits of b2bLower procurement administrative costs
Low cost access to global suppliers
Lower inventory investment
Better product quality - 8SCM expectations & competitionConsumer has the power
Globalisation
Government internet regulations
Green supply chain management - 9Global SCM factorsInfrastructure issues - scarce local materials, transportation, Comms, lack of skilled labour - results in higher costs and poorer services
- 10Role of purchasing in SCMSelection of suppliers
Negotiate/administer long term contacts
Monitor supplier performance
Place orders to suppliers
Maintain good relations - 11Win win factors in partnership relationsHave long term orientation. Strategic in nature, share information, share risks and opportunities
Share a common vision
Share long and short term plans
Driven by end customer expectations - 12SC distributionRequires effective warehouse operations who provide transportation, consolidation, product mixing and service
- 13Implementing SCMBegins with manufacturer integrating internal processes
1st integrate external suppliers then integrate external distributions - 14Evaluate performance if SCRegular performance metrics (market share, customer service levels) hat reflect objectives of the SC
Information
- Description
- Flashcards on Supply chain management , created by Briallen Britt on 22/11/2016.
- Created by
- Briallen Britt · Nov 2016
- Updated
- Dec 22, 2016
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