What is Supply Chain?

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A definition of supply chain

Business Technology

What is Supply Chain?

let’s first ask a specialist….

Kate Vitasek Founder of Supply Chain Visions http://www.scvisions.com ,[object Object],[object Object]

and what about the literature…

“ The network of business processes and interrelationships among businesses that are needed to build, sell, and deliver a product to its final customer“ Introduction to Information Systems James O’Brien & Georges Marakas McGraw-Hill 2007

is that everything?...

[object Object],[object Object],[object Object],[object Object],Lambert, Douglas M., James R. Stock, and Lisa M. Ellram Fundamentals of Logistics Management Boston, MA: Irwin/McGraw-Hill, Chapter 14., 1998 “ The alignment of firms that bring products or services to market” “ A set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, and/or information from a source to a customer”

yep this is what supply chain is but let’s…

!!! Mix it !!! “ The network of business processes and interrelationships among businesses that are needed to build, sell, and deliver a product to its final customer“ “ A set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, and/or information from a source to a customer” “ The alignment of firms that bring products or services to market” ,[object Object]

and obtain…

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Supply Chain: The network of business processes and interaction among businesses that are needed to manage the material and informational interchanges from a source to a customer

visit my blog: http://www.supplychaincollaboration.blogspot.com

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Globalization of supply chains makes their administration and control increasingly troublesome. Blockchain technology, as a dispersed computerized record innovation that guarantees straightforwardness, credibility, and security, is indicating guarantee for facilitating some worldwide supply chain management and its issues. In this paper, we discussed and built a model for Blockchain innovation with shrewd agreements and connection with possible application to credible supply chain management. Manish Verma "Credible and Non-Corruptible Supply Chain Management using Blockchain Technology" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3 , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd41085.pdf Paper URL: https://www.ijtsrd.com/management/operations-management/41085/credible-and-noncorruptible-supply-chain-management-using-blockchain-technology/manish-verma

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Wal-Mart Used Technology to Become Supply Chain Leader by Todd Traub Posted 7/2/2012 in Arkansas Business ______________________________________________________________________________ It is hard to talk about supply chain management without mentioning Wal-Mart. In its relentless pursuit of low consumer prices, Wal-Mart embraced technology to become an innovator in the way stores track inventory and restock their shelves, cutting costs and passing the savings along to customers. In the process the company became synonymous with the concept of successful supply chain management. “I don’t believe there is a university in the world that doesn’t talk about Wal-Mart and the supply chain,” said James Crowell, director of the Supply Chain Management Research Center at the Walton College of Business. “They are just so well respected because they do it so well, and certainly I know a lot of peer institutions around our country … will bring a Wal-Mart guest to speak.” From ancient times through two world wars to today’s global market, the logistics of supply chain management have challenged any enterprise that tries to move goods and materials a long way in a timely manner. A break in the supply chain leading to a dearth of food or ammunition could spell disaster for an army on the move. For consumers and businesses, a supply chain breakdown means empty shelves and a loss of revenue. Through a combination of distribution practices, truck fleet management and technological innovations, Wal-Mart not only became the model of supply chain efficiency and used it to become the largest retailer and private sector employer in the world. Even the U.S. military noticed. Army Col. Vernon L. Beatty, who commanded the Defense Distribution Depot in Kuwait, spent a year with Wal-Mart as part of the military’s Training With Industry program. “Supply chain management is moving the right items to the right customer at the right time by the most efficient means,” Beatty said in article about his experience. “No one does that better than Wal-Mart.” Fewer Links Wal-Mart’s supply chain innovation began with the company removing a few of the chain’s links. In the 1980s Wal-Mart began working directly with manufacturers to cut costs and more efficiently manage the supply chain. From 1993 to 2001, Wal-Mart grew from doing $1 billion mailto:[email protected] in business a week to $1 billion every 36 hours, growth that was attributed as much to supply chain management as to customer service. Last year, Wal-Mart sold $1.22 billion worth of merchandise every day. Under a Wal-Mart’s supply chain initiative called VMI — vendor managed inventory — manufacturers became responsible for managing their products in Wal-Mart’s warehouses. As a result, Wal-Mart could expect close to 100 percent order fulfillment on merchandise. Wal-Mart streamlined supply chain management by constructing communication and relationship networks with s.

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Chapter Ten Case: ETSY What does orthopedic surgery and governing a country have in common with knitting socks, scarves, and headbands? Nothing except the salary. Hobbyist Alicia Shaffer is earning $80,000 a month selling her handmade goods on Etsy, which adds up to an annual revenue of $960,000. That is the same amount as an orthopedic surgeon makes, and more than twice as much as the United States president makes. Etsy is an online craft makerspace for handmade goods. ETSY is building a human, authentic, and community-centric makerspace that uses the power of business to create a better world. In an Etsy page 190Economy, creative entrepreneurs can find meaningful work selling their goods in both global and local markets, where thoughtful consumers can discover those goods and build relationships with the people who make and sell them. It’s an ecosystem that connects buyers around the world to the communities where Etsy shop owners live, work, and create. As Etsy grows it is committed to its mission ensuring its core values are woven into all decisions it makes for the long-term health of its business, from the sourcing of office supplies to employee benefits to the items sold in its marketspace. Shaffer’s company ThreeBirdNest is named after her bird tattoo that honors her three children. Shaffer attributes her success to deep-seated motivation and access to a global supply chain through Etsy. ThreeBirdNest launched in 2011, when she made a few headbands for the small women’s clothing boutique she ran in Livermore, California. Her headbands were so popular she decided to start selling them online. “I opened an Etsy shop, figuring I‘d help pay for my kids’ soccer and dance lessons to supplement the boutique’s sales,” states Shaffer. “I was recovering from the failure of a business I’d run selling baby products—handmade slings, carriers, and blankets. After that business tanked in the recession, I’d lost a little bit of confidence in my ability to be an entrepreneur.” In the first few weeks after its launch, ThreeBirdNest made 90 sales. Shaffer credits much of the traffic to Pinterest—she pinned her items. Still, “It was absolutely mindboggling. I thought it was a complete fluke.” But a few months later Shaffer found herself hiring a friend to help with shipping as orders began flowing like water. Through its independent website and Etsy shop, ThreeBirdNest receives an average of 150 orders per day, with most orders consisting of three items. Around the holidays, that number goes up to 700 to 1,200 orders per day. Last January, the business raked in a total of $128,000 in sales. Since its launch, it has made 100,000 sales on Etsy alone. ThreeBirdNest is unusually successful on Etsy, as most Etsy shop owners feel lucky to sell 10 pieces a month, and 65% of Etsy sellers make less than $100 from their shops in a year. Etsy makerspace crafters usually need day jobs to support their hobbies. 1 Questions 1. Without makerspace’s like Etsy how would .

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What is Supply Chain?

1. What is Supply Chain?

2. let’s first ask a specialist….

3.

4. and what about the literature…

5. “ The network of business processes and interrelationships among businesses that are needed to build, sell, and deliver a product to its final customer“ Introduction to Information Systems James O’Brien & Georges Marakas McGraw-Hill 2007

6. is that everything?...

7.

8. yep this is what supply chain is but let’s…

9.

10. and obtain…

11.

12. Supply Chain: The network of business processes and interaction among businesses that are needed to manage the material and informational interchanges from a source to a customer

13. visit my blog: http://www.supplychaincollaboration.blogspot.com