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Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
Necessity and objectives of SCM?
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
How have recent advances made supply chain information technology systems more effective?
the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive. the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive.
How much money does a supply chain manager make?
how much does a supply chain manager makes
What is the Difference in supply chain and supply chain management?
Supply chain is the set of activities and resources that moves products from suppliers to customers. Supply chain management is the collaboration of firms to leverage strategic positioning and improve operating efficiency bringing value to customers.
What is Mcmaster-carr's supply chain structure?
SUPPLY
What is your take on todays youth?
lustful, weed smoking and always inadequate in money and pleasures. narcissistic supply is off the chain.
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Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
What is Green supply chain?
Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.
Necessity and objectives of SCM?
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
How does one optimize supply chain visibility?
One can optimize supply chain visibility by using a Sterling Supply Chain Visibility from IBM. This type of supply chain will help to optimize it quite nicely.
What is structured supply chain?
SUPPLY
When was NHS Supply Chain created?
NHS Supply Chain was created in 2006.
How have recent advances made supply chain information technology systems more effective?
the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive. the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive.
What is meant by Strategic Supply Chain Management?
Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.
Describe the various stages on the supply chain and the different flows involved in purchasing of a can of soda at a convenient store?
When a customer purchases a can of soda at a convenience store, his purchase represents the end of a supply chain's delivery of an item and the beginning of information regarding his purchase flowing in the opposite direction. The supply chain stages include customers, retailers, wholesalers/distributors, manufacturers, and component/raw material suppliers. A customer's purchase moves product towards the customer and dollars and information towards the retailer. The retailer places an order from the wholesaler/distributor to replenish stock, thereby moving information back up the supply chain while moving product down the supply chain. As the order is filled, the retailer will move dollars back up the supply chain. The wholesaler/distributor transmits information and dollars to the manufacturer who produces product and ships it down the supply chain to the wholesaler. Finally (or initially, depending on your perspective) the manufacturer moves orders (information) and dollars towards suppliers in exchange for material flow into their production processes.
