global supply chain management lecture notes - $5.52 Add to cart NL Vrije Universiteit Amsterdam (VU) International Business Administration Global supply chain management Looking for more study guides & notes to pass Global supply chain management? for the Client Area, you. This how you know that you are buying the best documents. . The objective of this paper is to identify global supply chain management challenges and its solutions. Key features of this new and . Supply Chain Management and Key components, External Drivers of Change. In order to achieve the objectives, a thorough literature review was conducted; main. Delivery and Logistics Supply Chain Management includes, planning, design, control and implementation of all business processes related to procurement, manufacturing, distribution and sales order fulfilment functions of a business. He may be reached at his downtown office: pburnson@peerlessmedia.com. 14 Oct 2021. Encompassing both practical and strategic perspectives, it takes a truly global perspective, recognising the transnational nature of logistics activities in today's world. Many are now seeking out solutions and . Forgot Password? The supply chain lays out all aspects of the production process, including the activities involved at each stage, information that is being . 1.3 Procurement and supply management activities are fundamental to program performance. 1 page. And, global supply chain management (GSCM) represents a central area of focus for many businesses and business schools today (Mentzer et al, 2006). 2022/2023 None. Samsung does this for several reasons like ensuring an uninterrupted supply of raw materials and lower operating expenses. Lecture Notes (1) Others (1) Name Download Download Size; Lecture Note: Download as zip file: 48M: Module Name . When you invest in supply chain management, you can track your shipments . Use existing knowledge as an All residency periods include curricula specifically geared toward global leadership, including courses in: Business and Public Policy Supply Chain Management (SCM) - "encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities.. ANNOUNCEMENT CISA, through the National Risk Management Center (NRMC), is committed to working with government and industry partners to ensure that supply chain risk management (SCRM) is an integrated component of security and resilience planning for the Nation's infrastructure. The goals of supply chain managers are to reduce costs, improve efficiency, and mitigate risk. Supply-chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and logistics. For additional information, email MS.GSCM@marshall.usc.edu. For example, a study of 397 U.S. companies between 2005 and 2014 revealed that a single supply chain disruption of any kind caused an average fall in sales of 4.82 percent, while operating income dropped by 26.5 percent and returns on assets (investment) fell 12.7 percent during the three months after the incident took place. Save. Have supply chain knowledge that is accurate and specific to their needs. In order to ensure access to effective and quality- assured health products, the Global Fund has developed a set of policies and principles on procurement and supply management, detailed or referenced in this guide that aim to: i. 3M is a global company . Pairing the optimized usage of containers, vehicles and other assets with . Data in the case allows students to compare Walmart's source of competitiveness with those of other retailers-both online including Amazon.com and traditional brick-and-mortar retailers, such as Target-to develop insights into the . High levels of responsiveness can be achieved when companies collect and share accurate and timely data generate by the operations of the other four drivers . Set in 2019, it provides a detailed description of the company's supply chain network and capabilities. Notes Chapter 1 1. Other supply chain elements include material handling, import/export facilities, and the distribution of refined energy products from points of origin to market. If the chief executive sees the supply chain as an extension of their workforce and community, the company can set expectations for best practices across its supply chain. edX | Free Online Courses by Harvard, MIT, & more | edX Nike is the largest maker of athletic footwear and apparel. Learn everything you need to know about developing a core strategy plus strategies for each of the critical supply chain functions: Filter knowledge into levels of importance to reduce its complexity. Supply Chain Management (SCM) has always been an important aspect of an enterprise's business model and an effective supply chain network is essential to remaining competitive in a global environment. can request one here. Global supply chain management is the process of ensuring the secure and timely delivery of everything from raw materials to finished consumer goods as they travel from manufacturers and suppliers to wholesalers, retailers, and other distribution points. Mattel Toy Recalls and Supply Chain Management: Download Verified; 13: Innovation in Emerging markets: Download Global operations and supply chain management spring 2020 21511 Quiz 2 notes. Find supply Chain Management course notes, answered questions, and supply Chain Management tutors 24/7. Textbook: Supply Chain Management: Strategy, Planning and Operation. Global sourcing creates a whole new network-design ballgame, he explains, because of several factors: The influence of low-cost labor. Up and down the supply chain, the same boxes are getting checked right now: High transportation costs Port delays Container shortages Long lead times on raw materials Difficulty attractingand retaininghigh-quality employees The squeeze on capacity management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. As supply chains grow increasingly global and complex, the risks associated with them have multiplied and intensified ' supply chain risk management must be a key focus for all businesses.Increased supply chain complexity brings with it 'more potential failure points and higher levels of risk,' a McKinsey article posits.The 2021 Supply Chain Resilience Report, published by the Business . Login. Global Supply Chain Management: Concept # 1. You can download the syllabus in Supply Chain Management pdf form. Global Supply Chain Management takes you step by step through the process of creating and managing a global supply chain strategy and aligning it with the conditions of your industry. The main support for its global business . In simple language, managing all of the above activities in tandem to manage demand and supply on a global scale is Supply Chain Management. Nowadays with globalization, global supply chain management is becoming a very important issue for most of businesses.The main reasons of this trend are procurement cost reduction, purchasing risks control, revenues increasing and etc. 2020/2021 None. more specifically, the objectives of the course are: - to develop an understanding of key drivers of purchasing and their inter-relationships with strategy and other functions of the company (e.g., marketing, manufacturing and accounting); - to impart analytical and problem solving skills necessary to develop solutions for a variety of Global supply chain management The benefits of buying summaries with Stuvia: Guaranteed quality through customer reviews Stuvia customers have reviewed more than 450,000 summaries. With the disruption in global supply chains all over the world making almost daily headlines, global companies may also come under pressure from ESG issues among their suppliers. 2. . Global logistics refers to the management of the flow of goods or services between the point of creation and the point of consumption. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. Use existing knowledge to reduce uncertainty of supply chain activities. Supply chain exam notes. Logistics & Supply Chain Management, MBA II Semester 5 Prepared by K.Swapna, Assistant Professor, Dept of MBA, CMRCET Supply chain management is a strategy through which such integration can be achieved. International Supply Chain management is the same as domestic supply chain management spread over a larger geographic area. Even firms engaged in local sourcing could purchase office supplies or cleaning products that were manufactured abroad, so technically they have a global supply chain in this respect. Over the last 20 months, the challenges to most businesses especially global companies have been numerous. The supply chain is long and fragmented and the main challenges are long lead times, the risk of disruptions in transportation and the difficulty of ensuring the specified product quality. It showed how big companies used supply chain management principles and formed their strategies. The UN Global Compact encourages companies to make sustainability a priority from the top of the organization. Donald J. Bowersox, David J. Closs, M. Bixby Cooper, and John C. Bowersox, Supply Chain Logistics Management (Boston: McGraw-Hill Companies, 2012). THE BIG DATA. The core aims of global supply chain management are to maximise profit, reduce inefficiencies, and deliver goods and services timely. More recently, the growing level of automation of supply chains has been a dominant element in the evolution of both physical distribution and materials management. MANAGING RISK IN THE GLOBAL SUPPLY CHAIN 5 This risk apathy is driven by supply chain executives striving to balance very demanding operational objectives while satisfying customers, cutting costs, and helping grow revenue. Chapter One Outline - Summary Supply Chain Management: a Global Perspective Chapter One Outline University Eastern Michigan University Course Intro To Supply Chain Managmnt (SCM 380) Book title Supply Chain Management: a Global Perspective Author Ian Sanderson; Nada R. Sanders Uploaded by chelsea justice Academic year 19/20 100% (1) 19 Pages 2016/2017. Geographic distances and their impact on service and availability. The fierce competition in today's markets is led by advances in industrial technology, increased globalization of demand and supply sources, tremendous . variety of resources to improve your use of COINS: If you do not have a login. A later edition is also ok. Cases for class discussion: "Aviation Spare Parts Supply Chain Management Optimisation at Cathay Pacic Free supply chain management notes and logistics notes. study analyzed over 800 supply chain disruptions that took place between 1989 and 2000. Request Access. The 1. edition is HF 5415.13.C533 at the library. This set of interrelated activities is termed as the value chain. According to Christian Verstraete, chief technology officer for worldwide manufacturing and distribution industries at Hewlett-Packard Company, cloud-based supply-chain management is a next logical step after "lean manufacturing," which removes wasted steps and processes from the factory floor so that managers can easily see just where things are. Deciding on the degree to which outsourcing will be employed. It enables business processes to be organized using international organizations that be reduced, companies can react rapidly to unforeseen market conditions, transport strategies can be improved, costs can be minimized and waste can be eliminated. A detailed Supply Chain Management syllabus as prescribed by various Universities and colleges in India are as under. These can include key areas such as selection, training . Global supply chain management generally refers to all processes regarding a product's lifecycle, from the concept of its creation to distribution to endpoints. Find more study material on our Global supply chain management overview page Class notes None 1 Pages 2022/2023. Global supply-chain management (also known as global SCM) is the process of administering and directing a network of entities to produce and distribute goods and services internationally. From the Client Area, you can get access to a wide. 2. These supply chain management lecture notes are delivered by interactive .. It's All About Leverage Consider how to turn an aircraft. Global SCM is aimed to enhance the productivity of each stage of this lifecycle, get rid of inefficiencies, and deliver the products timely and seamlessly. For instance, companies may set up overseas factories to benefit from tariff and trade concessions, lower labor cost, capital subsidies, and reduced logistics . A Green and Sustainable Supply Chain integrates ecological factors and supply chain management principles to identify the environmental impact of an organization's supply chain processes. Supply Chain Management. UNIT I: Development of SCM concepts and Definitions - key decision areas - strategic. 6 improvements in information availability . Although it seems that global supply chains are designed without regard to national boundaries, but the true value of a global supply chain can only be realized by taking advantage of these national boundaries. Course Hero has thousands of supply Chain Management study resources to help you. The oil and gas industry operates through a global supply chain that includes domestic and international transport, trading, shipping, ordering, and inventory visibility and control. Degree Requirements The Master of Science in Global Supply Chain Management degree requires 30 units including 19.5 units of required course work plus 10.5 units of course work chosen from a list of electives. GLOBAL SUPPLY CHAIN MANAGEMENT 6 Introduction Supply chain management is the broad range of activities that involve planning, controlling and implementation of goods and services flow. Key processes include: ordering, receiving, managing inventory and authorizing supplier payments. Jagdish Sheth and Rajendra - Selection from Global Supply Chain Management: Leveraging Processes, Measurements, and Tools for Strategic Corporate Advantage [Book] $52.99. Aircrafts are steered through the use of a . Week2 - has a few german notations New. Supply Chain Management is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores so that merchandise is produced and distributed in the right quantities, to the right location, and at the right time, in order to minimize system-wide cost while satisfying service level requirements. Have quick access to existing supply chain knowledge from key people. The rollout of the COVID-19 vaccine has . Global sourcing of manufactured goods Many variables come into play when sourcing manufactured goods or component parts from another country. Issenberg (2007), p. 40. Encompassing both practical and strategic perspectives, it also takes a truly global perspective . The process includes a number of crucial business procedures and practices that relate to storing and transporting goods or services and is concerned with the acquisition of resources along the supply chain. Strikers take note. Network configuration. It is . The execution of these key elements have an important bearing to the on the outcome of supply chain analysis process. None 7 Pages 2020/2021. 2016/2017 100% (1) Save. Supply chain strategy alignment. Supply Chain Digital focuses on procurement and supply chain news, key interviews, supply chain videos, along with an ever-expanding range of focused procurement and supply chain white papers and webinars. Global supply chain management has many benefits for a company. Forces more global consideration of supply chain processes as they relate to a customer order More the pull process better the supply chain Order Based on Manufacturer's Production Schedule SCM is . Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. Global Supply Chain Management 1. Its successful global business model is based on successful supply chain management. As per definition SCM is the management of a network of all business processes and activities involving procurement of raw materials, manufacturing and distribution management of Finished Goods. ADVERTISEMENTS: SCM is the oversight of materials, finances, and information when they move from the supplier to manufacturer to wholesaler to retailer and finally to the consumer through a predefined process. By Sunil Chopra and Peter Meindl. Advantage #8: Improve Customer Service. Week 3 Lecture - Project . A project team of students in a Supply Chain Management class had been assigned the task of . It also involves coordination and integration of these processes within and among companies. [1] The supply chain relies on the efficient management of assets and logistics to get raw materials, parts and finished products from one place to another. Online Supply Chain Management Program Courses. 7 pages. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. This case focuses on the supply chain strategy of Walmart. Supplychain management is typically viewed to lie between fully vertically integrated There is a newer edition of this item: Global Logistics and Supply Chain Management. Supply chain management has become a complex sequence of activities aiming at value capture and competitiveness. A summary of these strategies and ideas was presented in an article which formed the seven principles. Global Logistics and Supply Chain Management, now in its third edition, provides essential reading for anybody studying SCM and logistics. A well-organized supply chain management system involves optimizing operations functionality to be fast and efficient. The brand has maintained a strong supply chain network. The six key elements of supply chain are production, supply, inventory, location, transportation and information. Quick and easy check-out You can quickly pay through credit card or Stuvia-credit for the summaries. SUPPLY CHAIN MANAGEMENT Objective Maximise the overall value generated - is the difference between what the final product is . Global Logistics and Supply Chain Management, now in its second edition, is essential reading for students studying SCM and logistics. Supply Chain Management. The 7 Principles of SCM: Over a decade ago, a study was conducted with about 100+ distributors, manufacturers, and retailers. Are you a supplier or subcontractor. with supply chain activities. Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. The Value Chain Concept: The objective of any business firm is to create value by way of performing a set of activities, such as to conceptualize, design, manufacture, market, and service its offerings. 19 pages. With the help of logistics and supply chain technology, it is now easier than ever to put your products in the hands of your customers. Determining the number and location of suppliers, warehouses, production/operations facilities, distribution centers. Businesses are becoming aware of the importance of this integration to enable a sustainable business strategy. To attain that goal, the supply chain management should realize that the success is in the six key elements. Samsung is a leading global brand of smartphones, consumer electronics, and semiconductors.Its supply chain is the backbone of its business and the success of the firm can be attributed partly to its efficient supply chain management. Barriers associated with language and technology sophistication. By properly managing the flow of goods and services, businesses can operate more efficiently while managing most of the workload behind-the-scenes. Global Supply Chain Management (Video) Syllabus; Co-ordinated by : IISc Bangalore; Available from : 2013-08-26. . In the instance of global supply chains, it is extended around the world Any company that uses parts and services from another factory overseas faces issues with global supply chain management zIn essence, supply chain management integrates supply and The 40-credit Master of Science in Supply Chain Management curriculum includes 10 courses consisting of 7 core courses and your choice of a 3-course graduate certificate in Global Leadership, Operations Management, Healthcare Management or Supply Chain Management Level 1 or 2. Aligning supply and distribution strategies with organizational strategy. Global Supply Chain Management Tomas Hult Director, International Business Center (MSU-CIBER) Associate Professor of Marketing and Supply Chain Management Michigan State University Email: hult@msu.edu 2. Volatility and reliability issues. A global supply chain is made up of the interrelated organizations, resources, and processes that create and deliver products and services to end customers. GLOBAL SUPPLY CHAIN MANAGEMENT; ISSUES IN AN INCREASINGLY COMPLEX ENVIRONMENT Content uploaded by Mac Promese Kwami Amegashie Author content Content may be subject to copyright. When you're sending goods around the world, it's vital to use your transportation resources in the right way. But the global supply chain is facing a host of unique and interconnected challenges. Supply change management is a highly-detailed system used by small and large organizations alike to get products to consumers, from obtaining raw materials, manufacturing and delivering the final product to the customer. zImportantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. This process starts with a collection of raw material and distribution of finished goods and services to the end users in cost-effective manners. At the heart of virtually any successful business, you'll find stellar customer service. Manufacturing Organize the activities required to accept raw materials, manufacture the product, test for quality, package for shipping and schedule for delivery. Global supply chain management is a strategic management process that involves managing the flow of materials, information, and people . Course: Global Supply Chain Management 1 Page. Thus Supply Chain Management includes managing supply and demand, sourcing raw materials and parts . Nike is known for its great product quality, innovative product designs, and unique marketing style. Supply Chain Digital is the digital community for the global supply chain & logistics industry that connects the world's largest supply chain & logistics brands. Patrick Burnson, Executive Editor Mr. Burnson is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. Notes - Global Supply Chain Management [Book] Global Supply Chain Management by Matt Drake Notes Chapter 1 1. The Executive MBA for Global Supply Chain helps executives develop the vision, communication and leadership skills necessary to succeed in a global, multi-cultural environment. Paul Keel, the Sr. Vice President of Supply Chain Management at 3M, was gracious enough to explain to me how 3M was working to improve their supply chain capabilities. (9) In Stock. Fourth edition published by Prentice-Hall, Inc., 2010. Information in supply chain management, "much like money, is a very useful commodity because it can be applied directly to enhance the performance of the other four supply chain drivers. A supply chain is an entire system of producing and delivering a product or service, from the very beginning stage of sourcing the raw materials to the final delivery of the product or service to end-users. 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Supply-Chain management encompasses the planning and management of supply chain management pdf form fundamental program... On service and availability quick access to a wide active management of supply chain management, now its! Sourcing creates a whole new network-design ballgame, he explains, because of several factors: the influence of labor. The degree to which outsourcing will be employed essential reading for students SCM. As prescribed by various Universities and colleges in India are as under interconnected. Hero has thousands of supply chain management overview page Class notes None 1 Pages 2022/2023 distribution finished. Key processes include: ordering, receiving, managing inventory and authorizing payments! Sustainable business strategy and interconnected challenges termed as the value chain value and achieve a sustainable business strategy a sequence! Based on successful supply chain knowledge that is accurate and specific to their needs Pacific Rim perspective on trends! While managing most of the importance of this paper is to identify global supply chain should. As the value chain end users in cost-effective global supply chain management notes at each stage,,! And services timely brand has maintained a strong supply chain management tutors....
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