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Supply Chain Management

Learn key concepts of supply chain management - from alignment of firms to coordination of production, inventory, transport, and more. Understand the role of ERP systems in integrating business information effectively.

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Supply Chain Management

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  1. Supply Chain Management

  2. Some Definitions … • “A supply chain is the alignment of firms that bring products or services to market.”—from Lambert, Stock, and Ellram. • “A supply chain consists of all stages involved, directly or indirectly, in fulfilling a customer request. The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves.”—from Chopra and Meindl

  3. More Definitions • “Supply chain management is the coordination of production, inventory, location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market being served.”—Michael Hugo

  4. Defining ERP Systems • Enterprise Resource Planning (ERP) systems are core software programs used by companies to integrate and coordinate information in every area of the business. ERP (pronounced “E-R-P”) programs help organizations manage company-wide business processes, using a common database and shared management reporting tools.

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