Lecture Notes 1

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  Lecture Notes for Supply chain management Must be read in collaboration with text book 2015   Page 1  of 3   Start of lecture notes chapter 1 ã   The basic theme discussed in this chapter is the understanding of what really supply chain management is, and what are the different decisional phases involved in any decision pertaining to supply chain management. ã   The different supply chain macro processes both within the supply chain and at the input and output of the supply chain have been identified. ã   After the introduction of the macro processes a classification approach have  been introduced, in this classification approach the different processes can be either classified as push or pull. ã   The basic distinction between push and pull process is that push process is in the anticipation of the customer demand while the pull process is triggered after the arrival of the customer demand. ã   Definition: Supply Chain Management is primarily concerned with the efficient integration of suppliers, factories, warehouses and stores so that merchandise is produced and distributed in the right quantities, to the right locations and at the right time, and so as to minimize total system cost subject to satisfying service requirements.  Notice:  –   Who is involved  –   Cost and Service Level  –   It is all about integration Today’s Supply Chain Challenges    Global supply chain with long lead times    Rising and shifting customer expectations  Lecture Notes for Supply chain management Must be read in collaboration with text book 2015   Page 2  of 3      Increase in labor costs in developing countries Increase in labor costs in developing countries    Increase in logistics costs    Importance of sustainability    Unprecedented Volatility Conflicting Objectives in the Supply Chain Purchasing    Stable volume requirements    Flexible delivery time    Little variation in mix    Large quantities Manufacturing    Long run production    High quality    High productivity    Low production cost Warehousing    Low inventory    Reduced transportation costs    Quick replenishment capability Customers  Lecture Notes for Supply chain management Must be read in collaboration with text book 2015   Page 3  of 3      Short order lead time    High in stock    Enormous variety of products    Low prices End of Lecture Notes Chapter 1
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