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This 3 page Study Guide was uploaded by Xue Liu on Saturday January 30, 2016. The Study Guide belongs to SCM 300 at Arizona State University taught by eduardo davila in Fall2014. Since its upload, it has received 76 views.
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I'm pretty sure these materials are like the Rosetta Stone of note taking. Thanks Xue!!!
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Date Created: 01/30/16
SCM 300 – MODULE 01 Study Packet Module 01: Intro to Supply Chain Management Reading Assignment eNotes (Supply Chain Management Fundamentals: Module 1) Below is a list of the items most likely to be tested from the Module 1 eNotes Section 1 Supply Chain Management (SCM)－“The effective and efficient integration of the suppliers, manufacturers, transportation organizations as well as the other parties responsible for collectively bringing products and services to market.” Procurement “The branch of an organization responsible for acquiring materials, equipment, products, and services.” Operations—“The branch of the supply chain responsible for making business processes effective and efficient.” Logistics－“The branch of the supply chain responsible for developing the transportation itinerary and finding the appropriate transportation and storage partners to successfully navigate the flow of materials from the point of origin to the final destination.” Reverse Logistics－“The management of products that flow backward in the supply chain, away from the consumer and back in the direction of manufacturers. (The management of materials moving upstream in the supply chain) Global SCM－“When suppliers, manufacturers, transportation companies, warehouse and distribution centers, retailers, and other supply chain partners span across multiple countries and/or continents, those are considered global supply chains.” Section 2 st nd 1 tier and 2 tier suppliers－“1st tier suppliers－ A company’s direct suppliers. A firm that directly provides goods and/or services to a company.” －“2nd tier suppliers－A firm that provides goods and/or services to a company’s firsttier supplier.” Upstream －“In a supply chain, the direction that points toward the suppliers.” Downstream－“In a supply chain, the direction that points toward the end consumer.” Three SCM Flows－“Materials, Money, and Information” Business Model－“A company’s plan for how it will purchase items, transform them, deliver them, and sell them in an effort to produce a profit.” Supply Chain visibility－“The ability to see what is happening with inventory upstream and downstream in a supply chain.” Section 3 Profit and ROI’s relationship to SCM Profit－Profit = Revenue – Cost－“supply chains play a role in both revenue and cost. ” ROI(Return on Investment)－“ROI = Total profit / Total investment”－“Supply chain managers seek to help companies maximize ROI.” Competitive priorities－“Cost, quality, speed, and flexibility” “tracking performance in cost, quality, speed, and flexibility is vital to knowing whether the company is meeting its goals in the present and working towards better performance in the future.” “Another thing to consider is how detailed each of the four categories are.” Core competencies－“The primary advantage a company has over its competitors.” Productivity vs. Value Value－“Value is the ratio of “output purchased” divided by “inputs used to purchase” the product or service. Customers seek value. Value can be increased by giving the customer more for the same price, or by giving them the same amount at a lower price.” Productivity－“The ratio of outputs to inputs. From a manufacturing perspective companies seek to maximize the amount of outputs that can be produced and delivered to market while minimizing the required inputs. Obj100 SCM 300 – MODULE 01 Study Packet Productivity is a relative term, so typically it can only be compared to the productivity of periods that precede the present productivity.” Primary Supply Chain Goals－“Effectiveness, efficiency, and adaptability – To make high quality products and services in a timely fashion that meet the needs of the customer. To do this in a way that utilizes minimal resources. To have the ability to adapt to the changing desires of the market.” Seven types of waste－“Seven types of waste that threaten supply chain performance are: Defects, Overproduction, Transportation, Motion, Waiting, Inventory, OverProcessing.”; “It should be noted that often decreasing one of the seven wastes may increase another.” Section 4 Keys to being a successful SC Manager a. Satisfy the needs of the customer b. Satisfy the needs of the company c. Be prepared for the future SC Strategy a. Understanding the product/service and the market’s desires b. Developing a business model c. Organizing the right group of supply chain partners SC Tools a. Supply chain metrics b. Information technology tools c. Relationship management skills d. Financial resources e. Organizational integration Works Cited Eddie Davila Media PowerPoint “study guide”. Lecture presented at SCM 300 Class Eddie Davila. “Supply Chain Management Fundamentals, Module 1.” iBooks. https://itun.es/us/F Obj100 SCM 300 – MODULE 01 Study Packet Object 1
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