Summary MNP3702 Chapter Summaries

Chapter 1
INTRODUCTION
TO SUPPLY
CHAIN
MANAGEMENT




Prepared by Cynthia Wisner, MBA

©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or
duplicated, or posted to a publicly accessible website, in whole or in part.

, CHAPTER 1
LEARNING OBJECTIVES
You should be able to:
• Describe a supply chain and define supply chain management.
• Describe the objectives and elements of supply chain
management.
• Describe local, regional, and global supply chain management
activities among services and manufacturing companies.
• Describe a brief history and some of the trends of supply chain
management.
• Understand how the bullwhip effect impacts supply chain
members.


©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
2

, CHAPTER OUTLINE

• Introduction
• Supply Chain Management Defined
• The Importance of Supply Chain Management
• The Origins of Supply Chain Management in the U.S.
• The Foundations of Supply Chain Management
• Current Trends in Supply Chain Management




©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
3

, What is a Supply Chain?

A supply chain consists of the flow of products and
services from:
 Raw materials manufacturers
 Component and intermediate manufacturers
 Final product manufacturers
 Wholesalers and distributors and
 Retailers
Connected by transportation and storage activities, and
Integrated through information, planning, and integration
activities
Many large firms are moving away from in-house
Vertically Integrated structures to Supply Chain
Management

©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
4