Supply Chain Management
At the end of the course the student will have the ability to:
- Define supply chain, supply chain management, distribution channel, demand management, distribution management, and logistics management.
- Describe the different types of supply chains.
- List and describe the various components of a supply chain.
- Explain the role of information systems and information technology in supply chain management.
- Describe the functions of supply chain management and logistics.
- Explain the motivations for supply chain management.
- Explain how to make supply chain decisions.
- Describe different supply chain designs.
- Explain global supply chains and virtual supply chains,
- Explain the relationship between supply chain/logistics strategy and the structure of the organization
- Describe how organizational structure affects performance.
- Explain the changing appearance of logistics and supply chain organizations within the firm.
- Explain the purchasing, transportation, inventory management, production planning and control, physical distribution, and MIS functions as they relate to Supply Chain Management.
- Describe the process of Supply Chain Management Performance Measurement.
- Describe, in general terms, the future of Supply Chain Management.
Supply Chain Management: Introduction
- Understand the development of supply chain management in leading corporations.
- Appreciate the importance and role of supply chain management among private and public organizations.
- Understand the contributions of a supply chain approach to organizational efficiency and effectiveness.
- Analyze the benefits that can accrue from implementing effective supply chain practices.
- Understand the major challenges and issues facing organizations developing and implementing supply chain strategies.
- Discuss the major change drivers in our economy and in the global marketplace.
The Bullwhip Effect
- Describe the Supply Chain Bullwhip effect.
- Explain what causes it.
- Explain how to minimize its impact.
- Explain how VMI can help to minimize the Bullwhip effect.
Types of Supply Chains
- Identify the different types of supply chains and the advantages/disadvantages of each.
- List and describe the following types of supply chains:
- Don’t Know
- Tie Down the Firm
- Project Logistics
- Demand Chain
- Extended Supply Chain
- Market Dominance
- Supply Integration
- Speed to Market
- Value Chain
- Information Networks
Supply Chain Strategy and Organization
- Examine the relationship between supply chain/logistics strategy and the structure of the organization;
- Appreciate the influence of organizational structure on logistics performance; and
- Review the changing appearance of logistics and supply chain organizations within the firm.
Global Supply Chains
- List the pros and cons of globalization.
- List and explain the objectives of global supply chains.
- List and describe the challenges to developing global supply chain.
- Explain several important global supply chain considerations.
- Explain how to develop and implement global supply chains.
- List and describe the critical success factors for global supply chains.
Purchasing in the Supply Chain
- Understand the role and nature of purchasing/procurement management in a supply chain context.
- Explain the different types of inbound systems.
- Discuss the major materials management activities.
- Understand the purchasing/procurement process.
- Explain the risk/value technique for determining purchased item importance.
- Identify the four steps necessary for effective purchasing/procurement.
- Explain the criteria for evaluating suppliers.
- Examine the role of E-commerce in the procurement process.
Transportation in the Supply Chain
- The macroeconomic and microeconomic roles of transportation;
- The characteristics of various transportation modes;
- The various methods of ownership.
- The economics of movement.
- The changing environment in which transportation operates.
Production Planning and Control in the Supply Chain
- The importance of a production planning and control system.
- How to use a planning and control system to effect efficient and effective production/maintenance/repair.
- Five Levels in a Typical Manufacturing/Operations Planning and Control (MPC) System.
- Production/Operations Planning Strategies.
- The importance of the Master Production Schedule.
Inventory Management in the Supply Chain
- Understand the fundamental differences among approaches to managing inventory.
- Appreciate the rationale and logic behind the Economic Order Quantity (EOQ) approach to inventory decision making, and be able to solve some problems of a relatively straightforward nature.
- Understand alternative approaches to managing inventory --- JIT, MRP, and DRP.
- Explain ABC Analysis.
- Realize how variability in demand and order cycle length affects inventory decision making.
- Know how inventory will vary as the number of stocking points decreases or increases.
- Recognize the contemporary interest in and relevance of time-based approaches to inventory management.
- Make needed adjustments to the basic EOQ approach to respond to several special types of applications.
Physical Distribution Management: Demand Management and Customer Service
- Understand the critical importance of outbound-to-customer logistics systems.
- Appreciate the growing need for effective demand management.
- Know the types of forecasts that may be needed, and understand how collaboration among trading partners will help the overall forecasting and demand management process.
- Identify the key steps in the order fulfillment process, and understand how effective order management can create value for a firm and its customers.
- Realize the meaning of customer service, and understand its importance to logistics and supply chain management.
- Understand the difference between logistics and marketing channels, and understand that goods may reach their intended customer via a number of alternative channels of distribution.
Information Systems in the Supply Chain
- Understand the overall importance of information systems to logistics and supply chain management.
- Recognize key issues in information systems.
- Know what is meant by the quality of information, and know what to measure to assure that this quality exists.
- Understand the architecture and objectives of information systems.
- Appreciate the role of logistics in the “connected” economy, and appreciate how evolving technologies are impacting logistics and logistics processes.
- Identify the structural components of the logistics information system, and understand how each contributes to the overall effectiveness of logistics and supply chain processes.
- Appreciate the importance of adapting to new information technologies.
Performance Measurement in the Supply Chain
- Understand the scope and importance of performance measurement.
- Explain the characteristics of good performance measures.
- Discuss cost and service performance measurement and quantification.
- Understand transaction and revenue measurement and quantification.
- Explain supply chain channel measurement.
- Discuss overall supply chain metrics.
Supply Chain Future Challenges
- Understand what is meant by strategy and how it applies to logistics and supply chain management.
- Trace the stages in the evolution of strategic planning and its application to logistics and supply chain management.
- Have a working knowledge of how logistics and supply chain strategies have benefited individual business firms.
- Explain the relevance and importance of logistics and supply chain strategies of the following types: time-based, asset productivity, technology-based, and relationship-based.
Book Title -: Supply Chain Management: Strategy, Planning, and Operation (5th Edition)
Author/s -: Sunil Chopra and Peter Meindl (2010).
Publisher -: Upper Saddle River, NJ: Prentice Hall, 2012
Book Title -: Essentials of Supply Chain Management, (Third Edition)
Author/s -: Michael H. Hugos.
Publisher -: Harlow : John Wiley and Sons, 2011.