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Lynda: Supply Chain Foundations
- 1. SUPPLY CHAIN FOUNDATIONS Created by:Erin Wyrick Penn State Business Student
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- 3. Understanding Parts ofa Supply Chain ■ The primary parts of a supply chain are procurement, operations, and logistics.
- 4. Changing Nature ofSCM ■ Modern supply chain management extends beyond purchasing, operations, and logistics by integrating plans and utilizing different departments throughout the company.
- 5. Establishing SCM Goals ■A supply chain that meets its goals in the areas of cost, quality, speed, and flexibility is better able to make the customer happy, contribute to revenue, eliminate waste and control cost.
- 6. Understanding SCM Across Industries ■Executives in nearly every industry have taken notice to successes due to modern supply chain management and introduced us to the power of supply chain management.
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- 8. Understanding Inventory ■ Inventoryis an expensive investment that must be readily available to satisfy customer demands by managing raw materials going into the pipeline until the final product reaches the end customer.
- 9. Choosing a Supplier ■In the world of supply chain, everyone is in it together because just like we count on suppliers to be reliable, the suppliers are counting on their suppliers.
- 10. Good Buyer &Supplier Relationships ■ Buyers see everything suppliers do for them as a gift, and suppliers hope that buyers' businesses are thriving to gain a stronger link.
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- 12. Understanding Manufacturing & Operations ■The coordination and communication between marketing, design, and supply chain is the key to a better present and future for your company.
- 13. Managing Quality ■ Factorsthat need to be consider before making decisions involve design, business processes, employee skills, employee training, reliability, consistency, manufacturing quality, long-term quality control, facilities and equipment, raw materials and logistics.
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- 15. Understanding Logistics ■ Everyitems has its own special story regarding to packaging, documentation, insurance, modes of transportation, customs, rules, and regulations, so think about the companies that help plan, ship, and track those items.
- 16. Packaging Products ■ Packagesof products include the packaging that holds the product, the packaging that keeps the items safe from each other and the packaging that allows you to move lots of items and their packaging all at once.
- 17. Containerization ■ Containerization involveseasy loading and unloading, fewer hands touching the cargo, easy transition, and climate-controlled shipments.
- 18. Transporting & DistributingProducts ■ In the logistics world, there are four major modes of transportation (trucks, trains, airplanes, and ships) that are dependent on the infrastructure of each country.
- 19. Delivering Products ■ Thethings we send, the things we need, the things we return, and even people need to be delivered all over the world.
- 20. Delivering the LastMile ■ Supply chain managers must determine when and where customers want to obtain their purchases and how to manage all the variables.
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- 22. Integrating & Coordinationthe Entire Supply Chain ■ The best companies and supply chains look for ways to improve products by making smart and skillful decisions regarding the supply chain.
- 23. Mitigating the BullwhipEffect ■ Stores try and predict customer buying patterns, so in order to protect themselves against running out of stock, stores order more inventory than they need that is expensive to buy and hold.
- 24. Understanding Lean Systems ■Develop a set of goals and priorities that make you feel good about yourself that guides you in moments of doubt, constantly educate yourself to make good decisions, and empower yourself to take risks.
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- 26. Going Global ■ Withthe greater distances may come greater challenges in delivering supplies and finished goods, as well as in monitoring factory and supplier behaviors, but global supply chains also offer many potential advantages.
- 27. Creating & ManagingEthical Supply Chains ■ Supply chain managers are challenged to keep workers and customers safe, investors satisfied, and work with their supply chain partners to get all these things done right away by establishing internal and external codes of ethics, hiring auditors to monitor supply chain behavior, and even by using cell phone surveys to ask global employees about their job satisfaction and workplace conditions.
- 28. Creating Sustainable SupplyChains ■ When supply chain managers find ways to lower inventory levels, recycle packaging and defective items, reuse boxes and palettes, decrease retail packaging, use fewer trucks and containers by filling them to capacity, reduce defective and damaged goods, and even shift toward using renewable energies they aren't just being green, they're creating world class supply chains.