GMS 724 Lecture Notes - Lecture 12: Lean Manufacturing, Global Sourcing, Materials Management
5 Mar 2019
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Document Summary
What is supply chain management: supply chain the coordination of materials, information, and funds from the initial raw-material supplier to the ultimate customer. Logistics part of the supply-chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers" requirements. Suppliers can be part of the manufacturer"s organizational structure, as would be the case in a vertically integrated company, or they can be independent of the company. In a global context, suppliers can be located in the country where the manufacturing or assembly takes place, or they can be located in one country and ship materials to the country of manufacture or assembly. The output of the suppliers can be shipped directly to the factory or to an intermediate storage point.
