BUS1201 ch 6 supply chain

supply chain mgmt

planning and admin of activities needed to source and purchase and manage all logistics mgmt activites

suppliers

people who provide goods or services to the manufacturer

manufacturer

business who produces the goods and wants to distribute it to its customers

shipper

agent or business who ships products by means of transportation

warehouse

place where finished products are stored until their distribution is for sale

distribution channel

people that take part in a flow of goods and services from the manufacturer to the customer

distributor

intermediaries between manufacturers and stores that deliver finished goods

information flow

helps members make informed decisions, minimize risks, adapt to changes, and quickly detect problems

product flow

movement of raw materials across supply chain

cash flow

movement of money across supply chain

efficient chain model

best for highly competitive markets where priority is end to end efficiency

fast chain model

model suits businesses that manufacture products based on trends or products with a short life cycle, such as toys

continuous flow model

focuses on producing the same product that has little to no variations

responsive models

support businesses who need to be ready as demand fluctuates, especially for what is known as on demand situations

agile model

ideal for businesses that trade in specialty order items - focuses on capacity of supply chain to increase operations when needed but also be consistent when not much demand is happening

flexible model

for challenging environments where unexpected demand must be met - there are high demand peaks and low demand periods

custom configured model

custom configurations during assembly and production - blend of continuous flow and agile models

the 3 P’s

people, planet, profit

triple bottom line (3BL) model

encourage a business to stop thinking only about profits and expand their focus - 3 p’s