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Supply-Chain Management
The objective of supply chain management is to structure the supply chain to maximize its competitive advantage and benefits to the ultimate consumer
More Reliance on supply chain means
more risk
For Supply chain risk, fewer suppliers increases
dependence
Supply chain risks
Vendor reliability and quality risks, political and currency risks
The outbound flow of products
Rapid Response
Product Choice
Service
Increasing the # of facilities generally imrpvoes
Response time and customer satisfaction
Inventory Turnover Formula
COGS / Value of inventory Investment
% invested in Inventory
(Value of Inventory Investment / Total Assets ) x 100
Weeks of supply formula
Inventory investment / ANnual Cost of goods sold
Note 
Flashcard (40)