demand for better understanding of supply chain management from managers, Most of my courses on supply chain management were targeted at the master. strong supply chains will have a substantial competitive advantage in their markets. CHAPTER 1. Basic Concepts of. Supply Chain Management. This is an introductory course for production and inventory management personnel and activities that occur in the supply chain from suppliers to customers.
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PDF | This chapter introduces global supply chain and operations management. Underlying issues related to the observed transformation. Supply Chains: Definitions & Basic Concepts A supply chain is the collection of processes and resources . Why is supply chain management important?. Basics of Supply Chain Managment (Lesson 1) - Download as PDF File .pdf) or read online. APICS. Certified production and inventory management (CPIM).
supply chain management (SCM)
In many cases you will be required to apply that knowledge in a business context. The answers are available in the appendix of this self study guide.
The ideal time to check your work against these answers is just before you start the next section. There are two advantages to this approach: you can fill in any gaps in your learning and also refresh your memory on the work covered so far before progressing to new content.
Supply Chain Strategy: Back to Basics
The questions provided in the online examination have been carefully designed by a Fellow of the APICS organization to assess your understanding of the material covered. On completion of the examination, you receive immediate feedback of your score.
If you have difficulty understanding a concept in your self study manuals, the frequently asked questions section should be your first port of call. The question bank is regularly updated to reflect the issues that concern students.
Mentoring You will have access to a highly qualified and experienced Fellow Member of APICS who will respond to queries you may have on the course material contained in these courses. Supplementary Reference Materials Throughout the self-study lessons, appropriate further reading may be identified. Summaries containing the key points of some references may be available from the e-scp web site. These summaries and articles should help to broaden your understanding of the concepts covered in the lessons and clarify issues with which you have difficulty.
On completion of this lesson you will be able to: Describe the role of manufacturing in the economy Identify areas of difficulty in traditional supply systems Explain the role, objectives and responsibilities of materials manufacturing Differentiate between various manufacturing processes State the importance of planning Describe a planning and control system Identify the levels of the planning hierarchy and the questions that must be addressed at each level Define manufacturing resource planning MRP II The Role of Manufacturing What is wealth and how do we get it?
Most people would answer that it is money. Money is a means of exchanging or measuring wealth. Wealth itself comes from: Manufacturing Services For example, a piece of land is a natural resource and has a va lue for most people.
If you mine precious metal from the land you have increased the wealth you can gain from the land. Both of these are natural resources. Many natural resources are of limited use but can be made more useful through transforming of the raw materials into a more useful form. One example might be the transformation of stone and quarry dust into bricks.
Services are not reliant on transforming a raw material into a more useful product. Contributor s : Diann Daniel Share this item with your network: Supply chain management SCM is the broad range of activities required to plan, control and execute a product's flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible.
SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning , sourcing, production, inventory management and storage, transportation -- or logistics -- and return for excess or defective products.
Both business strategy and specialized software are used in these endeavors to create a competitive advantage. Supply chain management is an expansive, complex undertaking that relies on each partner -- from suppliers to manufacturers and beyond -- to run well. Because of this, effective supply chain management also requires change management, collaboration and risk management to create alignment and communication between all the entities.
In addition, supply chain sustainability -- which covers environmental, social and legal issues, in addition to sustainable procurement -- and the closely related concept of corporate social responsibility -- which evaluates a company's effect on the environment and social well-being -- are areas of major concern for today's companies.
Logistics vs. However, logistics is a component of supply chain management.
It focuses on moving a product or material in the most efficient way so it arrives at the right place at the right time.
It manages activities such as packaging, transportation, distribution, warehousing and delivery. In contrast, SCM involves a more expansive range of activities, such as strategic sourcing of raw materials, procuring the best prices on goods and materials, and coordinating supply chain visibility efforts across the supply chain network of partners, to name just a few.
Benefits of supply chain management Supply chain management creates efficiencies, raises profits, lowers costs, boosts collaboration and more. SCM enables companies to better manage demand, carry the right amount of inventory, deal with disruptions, keep costs to a minimum and meet customer demand in the most effective way possible. These SCM benefits are achieved through the appropriate strategies and software to help manage the growing complexity of today's supply chains.
Supply chain complexity The most basic version of a supply chain includes a company, its suppliers and the customers of that company. The chain could look like this: raw material producer, manufacturer, distributor, retailer and retail customer.All the plans must co-ordinate with each other.
Water is a basic necessity of such business. It assumes some knowledge of manufacturing organizations. Accurate production forecast D. For more information, please contact yvonne.
This list has to be regularly updated to demarcate available stock and required stock. Wealth itself comes from: Benefits of supply chain management Supply chain management creates efficiencies, raises profits, lowers costs, boosts collaboration and more.
A garden chair that will collapse under 20 kilos of weight will not attract any customers. They may try to ensure long production runs.
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