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Operations
Production and delivery of goods and services.
Management
Plan, Implement, Control.
Essential business functions
Marketing, Finance, Operations.
Operations generate ___?
Cash
Product flows which direction?
Downstream
Cash flows which direction?
Upstream
Information flows which direction?
Both up and downstream.
Tiers
Structure of the supply chain from focal firm to consumer.
Logistics Management
Plans, implements, and controls the efficient effective flow and storage of goods/services
Supply Chain Orientation
The importance of your customers customers.
Quality of Distribution channel
Impacts sales performance.
Market Orientation
Gathering, analyzing, and communicating customer information.
Reverse Logistics
Returns, repairs, and unsold merchandise.
Supply Chain evolution
Identify, evaluate, and implement opportunities
Synonyms for Supply Chain Management
Value Chain Management and Demand Chain Management
Supply
Defines the supply chain and its structure.
Demand
Drives the supply chain activities.
Value
Added by each member of the supply chain.
Process
Sequence of activities transforming inputs into valuable outputs.
Strategic Planning
Long-term decisions defining objectives and capabilities.
Tactical Planning
Deciding how capacity should be used to meet demand.
Operational Planning
Short-term priorities for resource allocation.
Modeling
Simplified representation of the world for decision-making.
Trade-off
Compromises made in managerial decisions, e.g., cost vs quality.
Systems approach
Big picture approach of working towards a goal
Synergy
The whole is greater than the sum of its parts.
System
A set of interrelated parts that work together to achieve a goal