Category Archives: Supply Chain Management

The Evolution of Supply Chain Management

The Evolution of Supply Chain Management Supply chain management is a relatively new concept in business. Previously, management theory suggested that the overall efficiency of etechnical core or production function could be significantly improved if the core could be isolated or-buffered to the greatest extent possible from an often erratic and uncertain external environment. In order to isolate the technical c

Definition of Supply Chain Management

Definition of Supply Chain Management Exhibit 13.1 shows the major elements in a firm's supply chain. in terms of tho e organizations with which it deals directly. The issues associated with the delivery of these products to the ~rm are referred to as inbound logistics. After the firm has added value by transforming  the purchased goods and services, the finished products are then delivered to its   ustomers and

Managerial issues

Managerial issues In recent years, managers have continued to focus their efforts on supply chain issues for several reasons. First, in order to be more responsive to the constantly changing needs of their customers, companies are concentrating their resources on their core competencies. With this a rower focus, firms are now buying a sulDgtantially'g'reader proportion of the goods and services that go into th

Supply Chain Management

SOLECTRON’S TIGHT SUPPLY  CHAIN IS A KEY FACTOR IN ITS SUCCESS Most of us have probably never heard of Solectron, but almost all of us come in contact every day with the products it makes. Solectron Corporation n is one of a growing number of firms ~at are referred to as contract manufacturers. These  firms don’t manufacture. products under their wn brand name but, instead, produce brand name ite

Supply Chain Management

Chapter Objectives • Introduce the concept of a firm’s supply chain and show how it has evolved over time to its present status. • Identify current trends that are affecting the characteristics of a supply chain. • Present the requirements necessary for a successful supply chain. • Discuss the impact of technology on a firm’s supply chain. • Define in-transit inventory costs and show how the