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Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability
Supply Chain Engineering is to make and execute supply chain processes.ANDTo make a schematic plan from supplier's supplier to the customer's customer and manage / execute the plan.
compare and contrast the customer service,customer satisfactio and customer success philosophies of supply chain management
Supply Chain Engineering is to make and execute supply chain processes.ANDTo make a schematic plan from supplier's supplier to the customer's customer and manage / execute the plan.
A customer driven supply chain isn't useful if it isn't effective. If a supplier can't get supply products customers need, then it isn't useful.
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
All goods needs a supply chain to reach a customer hands. so this course will be a evergreen one..
A supply chain is all of the companies and people involved in producing or manufacturing a product, placing it in a retail store, and then getting it to the customer. The supply chain would be a total of all parties involved in this.
The Customer service level rin a supply chain is a function of several different performance indices.
Strategic Fit meansthat both the Competitive and Supply Chain Strategies have algned goals. It also refers to the consistency between the customer priorities that the Competitive strategy hopes to satisfy and the Supply chain capabilities the Supply chain strategy aims to build. For an example IKEA and Walmart