Slides from basics of supply chain management, stevens. Blockchain can help companies realize the digital supply chain by providing a single version of the truth for the entire supply chain. In a harmonized supply chain, the retailer would advise the distributorsupplier group of anticipated demand expectations so that the supply chain can respond appropriately to ensure the. The supply chain management basics course focuses on the key strategic drivers of effective supply chain management. Supply chain management definitions supply chain management deals with the management of materials, information, and financial flows in a network consisting of suppliers, manufacturers. Underlying issues related to the observed transformation processes and value creation are analysed. Practically relevant objectives to measure supply chain and. This risk management book blends the practical with general legal principles and highlights best practices and the basics of supply chain management. My desire is to give every supply chain professional a better view of what they will.
Pdf this chapter introduces global supply chain and operations management. Use it to look for basic improvement opportunities, which can easily be overlooked in any busy company, especially when the main focus is on product development, marketing, and sales. Monitoring the daybyday, hourbyhour, or minutebyminute pulse of a supply chain could potentially bring significant operational and business benefits to a company. As the supply chain grows in complexity and companies continue. Underlying issues related to the observed transformation. The basic supply chain model at the end of a supply chain is the product andor service that are created by the supply chain for the end. However, he needed to look back to basics to find a solution. Supply chain management scm should enable companies to develop and execute strategies that efficiently integrate the management of all the players in a supply chain suppliers, manufacturers, distributors, and customers so that production and distribution are accomplished at the lowest possible total cost while meeting customer needs.
Understanding the basics of supply chain analytics. The supply chain officers kneejerk reaction was to revamp planning software technologies and focus on better forecasting. It demonstrates that product supply chains as varied as bananas to. Internal efficiency for organizations in a supply chain means that these organizations get an attractive rate of return on. A supply chain is a network between a company and its suppliers to produce and distribute a specific product, and the supply chain represents the steps it takes to get the product. This learning module introduces students to the lexicon of the supply chain. Those companies that learn how to build and participate in strong supply chains will have a substantial competitive advantage in their markets. The initial stage of the supply chain process is the planning stage. Basics of supply chain management nh learning solutions. Supply chain management deals with the management of materials, information, and financial flows in a network consisting of suppliers, manufacturers, distributors, and customers.
Flashcard study system for the cpim basics of supply chain management exam. A supply chain finance service relies on a cloud technology platform that is shared among the buyer which is the customer the supplier and. Effective supply chain management requires simultaneous improvements in both customer service levels and the internal operating efficiencies of the companies in the supply chain. Basics of supply chain management is suitable to those who work in a supply chain planning environment or require a fuller understanding of management and planning in regard to demand. This is an introductory course for production and inventory management personnel and cpim candidates.
Fundamentals of supply chain management kenyatta university. It explains fundamental relationships among the activities that occur in the supply chain from suppliers to customers. Scm basics scm supply chain resource cooperative scrc. This 70point checklist should help you to get your supply chain on track and keep it there. Pdf on jan 1, 2004, vorst and others published supply chain.
Top 23 supply chain interview questions and answers guide. Supply chain is the network of organizations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services in the hands of the ultimate consumer from logistics and supply chain management by martin christopher 10. This course provides basic definitions and concepts. Use these tips and resources to learn more about supply chains and logistics, and why theyre so important to every business. Supply chain management managing complex and dynamic supply and. With escm, you can have visibility across the entire supply chain. Supply chain management basics brandman university. This crosscutting effort is fundamental to our operations. By sharing important information such as sales data. Achieving excellence in managing a supply chain is essential for. This course provides basic definitions and concepts for planning and controlling the flow of materials into, through, and out of an organization. Apics online, powered by accenture certified in production and inventory management cpim independent online courses currently follow the legacy fiveexam format for cpim.
Fundamentals of supply chain management 10 introduction figure 1. Supply chain management scm is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. This tutorial will be useful for students from management streams who aspire to learn the basics of supply chain management. The definitions of operations, supply chains, operations management and supply chain management are provided. Tony verlezza is an associate partner at equus group llc, a supply chain advisory services company based in new.
A supply chain is the collection of steps that a company takes to transform raw materials into a final product. For any one person, making a really good cup of coffee is a challenge, but making more than 10 million cups of coffee per day every day throughout the country and around the world, that is a. Basics of supply chain management asq customer supplier division 2007 symposium 2 when you hear supply chain basics what comes to mind. If your goal is apics certification, this course covers basics of supply chain management and can assist your preparation for the exam. Table of contents page 2016 apics i instructor guide version 4. Dlas supply chain security strategy is the roadmap for how the agency will address supply chain security challenges across the enterprise. Supply chains now deal with reverse logistics to handle returned products. The five basic components of supply chain management are discussed below. Shortly after your alarm clock goes off and the coffee maker kicks on, the aroma of your favorite coffee fills the air. Supply chain management i about the tutorial supply chain management can be defined as the management of flow of products and services, which begins from the origin of products and ends with. As a supply chain grows in complexity, and companies increasingly source products and. It is now included in the curriculum of many business schools in the united states and in many selection from basics. Supply chains can be confusing to newbies and experts alike. Pdf basics of supply chain and operations management.
The basic supply chain model at the end of a supply chain is the product andor service that are created by the supply chain for the end consumer. Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse 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. Supply chain management is the systematic, strategic coordination of the. With different emphases most definitions of supply chain management, efficient consumer response and vertical marketing systems agree on the vertical cooperation aspect within the value chain e. Utilizing the planning process to optimize business performance. Supply chain management basics continuing education. This chapter introduces global supply chain and operations management. It includes product planning, demand planning, supply planning, sales and operations. In this learning video, you will learn what supply chain management is, four main links that make up the supply chain, and explore examples of how effective supply chain management works. Supply chain management basics 10 hours pdf certificate. Most of my courses on supply chain management were targeted at the master and executive levels.
Logistics typically refers to activities that occur within the boundaries of a single. Basic concepts of supply chain management most basic level means consistently high order fill rates, high ontime delivery rates, and a very low rate of products returned by customers for whatever reason. Well, i hope we all enjoyed the supply chain interview questions, and have learned a thing or two about supply chain. Supply chain management can be defined as the management of flow of products and services, which begins from the origin of products and ends with the products consumption at the enduser. Risk management book basics of supply chain management. Whether youre studying supply chain management or need a refresher for work, the concepts are always valuable. Todays supply chain challenges global supply chain with long lead times rising and shifting customer expectations increase in labor costs in developing countriesincrease in labor costs in developing. Supply chain strategy yes no dont know 1 does your company have a documented supply chain strategy. The practice of supply chain management has become widespread in most industries. A supply chain consists of the flow of products and. For instance, if you are a manufacturer of a product, in a traditional supply chain you would not have any visibility across the supply chain but. Supply chain management is the process of delivering a product from raw material to the consumer. Supply chain intro summary supply chain basics is an overview of the concepts of supply chain management and logistics.
1527 1123 1 972 90 71 1264 363 1239 359 406 83 972 303 510 1367 1506 1257 200 261 155 202 1079 1100 1293 1325 592 20 957 1066 695 1403 1163 1352 1325 182 180 28 589 348 1019 1054 791 737 1333 190