Logistics and Supply Chain
Management Study Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Logistics and Supply Chain Management Study Guide.pdf Logistics and Supply Chain Management Study Guide.pdf Logistics and Supply Chain Management Study Guide.pdf
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Terms in this set (197)
supply chain A set of three or more organizations directly linked by one or more of the
upstream and downstream flows of products, services, finances, and
information from a source to a customer.
•Business world is changing ... faster than ever why does supply chain matter?
before
•
•New issues - such as security and technology -
impacting how business is conducted
•
•Organizations streamlining and restructuring; no
corporation is immortal
•
•New relationships with customers, suppliers,
associates/employees, and even competitors
•
•Evolution to customer-responsive organizations......
and reduce cost at the same time
Logistics and supply chain management.pdf Logistics and supply chain management.pdf Logistics and supply chain management.pdf
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know supply chain chart
Logistics That part of supply chain management that plans, implements, and
controls the efficient, effective forward and reverses flow and storage of
goods, services and related information between the point of origin and
the point of consumption in order to meet customers' requirements.
SCM (Supply Chain Management) Encompasses the planning and management of all activities involved in
sourcing and procurement, conversion, and all logistics management
activities. Importantly, it also includes coordination and collaboration with
channel partners, which can be suppliers, intermediaries, third party
service providers, and customers. In essence, supply chain management
integrates supply and demand management within and across companies
supply chain orientation is defined as "the recognition by an organization of the systemic, strategic
implications of the tactical activities involved in managing the various flows
in a supply chain."
SCM is the implementation of a supply chain orientation across suppliers and
customers.
Logistics and supply chain management.pdf Logistics and supply chain management.pdf Logistics and supply chain management.pdf
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•Supply Chain Operations Reference Model (S C O R -most widely know
Model). -frequent periodic updating
-includes the following components: plan, source, make, deliver, return
,enable
these components include:
-customer interactions,
(quote to cash)
-physical material transactions
(procure to payment, equipment, supplies, spare parts, bulk product,
software etc.)
- marketing interactions
(manufacturing from the understanding of aggregate demand to fufillment
of each order)
-significant practitioner involvement in development of the model
Logistics and supply chain management.pdf Logistics and supply chain management.pdf Logistics and supply chain management.pdf