CHAPTER 10: EXTENDING THE ORGANIZATION-SUPPLY CHAIN MANAGEMENT

Extending The Organization-Supply Chain Management

Supply Chain Management:
  • the average company spends nearly half of every dollar that if it earns on production.
  • in the past, companies focused primarily on manufacturing and quality improvements to influence their supply chains.
Basic of Supply Chain:
  • the supply chain has three main links:
    • material flow from suppliers and their "upstream" suppliers at all levels
    • transformation of materials into semi finished and finished products through the organization's own production process
    • distribution of products to customers and their "downstream" customers at all levels
  • organizations must embrace technologies that can effectively manage supply chains.
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Information Technology's Role in the Supply Chain:
  • it's primary role is to create integrations or tight process and information linkages between functions within a firm
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  • factors driving SCM
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Visibility:
  • supply chain visibility - the ability to view all areas up and down the supply chain
  • bullwhip effect - occurs when distorted product demand information passes from one entity to the next throughout the supply chain 
Consumer Behavior:
  • companies can respond faster and more effectively to consumer demands through supply chain enhances
  • demand planning software - generates demand forecasts using statistical tools and forecasting techniques
Competition:
  • supply chain planning (SCP) software - uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain
  • supply chain execution (SCE) software - automates different steps and stages of the supply chain
  • SCP and SCE in the supply chain
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Speed:
  • three factors fostering speed
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Supply chain management success factors:

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  • SCM industry best practices include:
    • make the sale to suppliers
    • wean employees off traditional business practices
    • ensure the SCM system supports the organizational goals
    • deploy in incremental phases and measure and communicate success
    • be future oriented
SCM success stories:
  • top reasons why more and more executives are turning to SCM to manage their extended enterprises.
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  • numerous decision support systems (DSSs) are being built to assist decision makers in the design and operation of integrated supply chains.
  • DSSs allows managers to examine performance and relationships over the supply chain and among:
    • suppliers
    • manufacturers
    • distributors
    • other factors that optimize supply chain performance
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14 NOVEMBER 2017
TUESDAY























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