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Learning Objectives. What is supply chain management? How do supply chains add value? How does a supply chain work? How is a supply chain managed?. Nicole Miller. Nicole Miller Website. Supply Chain Management. Supply Chain, Marketing Channels, and Logistics are Related.
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Learning Objectives • What is supply chain management? • How do supply chains add value? • How does a supply chain work? • How is a supply chain managed?
Nicole Miller Nicole Miller Website
Supply Chains Streamline Distribution FedEx Commercial
Check Yourself How does supply chain management add value?
Check Yourself What are the various supply chain links associated with each information flow step? What is the difference between push and pull supply chains?
The Distribution Center ABC News Segment on a Walgreens Warehouse
Inbound Transportation • Dispatcher coordinates deliveries • Manufacturer may pay transportation expenses or retailers may negotiate directly with trucking companies and pay expenses
Shipping Merchandise to Stores • Shipping merchandise to stores is complex for multi-store chains • Distribution centers use sophisticated routing and scheduling systems
Inventory Management Through Just-In-Time Systems Quick response (QR) Just-in-time (JIT) Zappos Website
Check Yourself What happens at each step of the merchandise flow in a typical supply chain? Why are just-in-time supply chain systems becoming so popular?
Managing the Supply Chain Supply chain or channel conflict
Managing Supply Chains Through Vertical Integration Independent or conventional supply chain
Check Yourself What are the different types of vertical marketing systems? How do firms develop strong strategic partnerships with their supply chain partners?
Merchandise cartons that are cross-docked are prepackaged by the vendor for a specific store. Glossary Return to slide
Manufacturers can ship merchandise either directly to a store or to a distribution center, where it is then shipped to the store. Glossary Return to slide
Electronic data interchange (EDI) is the computer-to-computer exchange of business documents from a retailer to a vendor and back. Glossary Return to slide
Just-in-time inventory systems are inventory management systems designed to deliver less merchandise on a more frequent basis than traditional inventory systems. Glossary Return to slide
Radio frequency identification (RFID) tags are tiny computer chips that automatically transmit to a special scanner all the information about a container’s contents or individual products. Glossary Return to slide
A strategic relationship or partnering relationship involves the supply chain members being committed to maintaining the relationship over the long term and investing in opportunities that are mutually beneficial. Glossary Return to slide
Supply chain management is a set of approaches and techniques firms employ to integrate their suppliers, manufacturers, warehouses, stores, and transportation intermediaries into a seamless operation in which merchandise is produced and distributed in the right quantities, to the right locations, and at the right time, as well as to minimize system wide costs while satisfying the service levels that their customers require. Glossary Return to slide
Vendor-managed inventory (VMI) is an approach for improving supply chain efficiency in which the manufacturer is responsible for maintaining the retailer’s inventory levels in each of its stores. Glossary Return to slide