GMS 803 Lecture Notes - Lecture 2: Supply Chain

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 803
• Professor: Wally Whistance- Smith

Document Summary

Gms803 - week 2 lecture notes: transportation started in egypt, traded between egypt and libya, and down the red sea to yemen, transportation methods: air, rail, road. Supply chain and distribution channel: supply chain --> distribution channel, supplier: provides raw material to factory, factory: produces finished goods from raw material, customer: purchases finished goods. 70% of profit for businesses happens in developing markets: factories moved to developing countries for cheaper labour and location, transportation becomes much more important, when you"re bringing things from half way around the world o o. It does not take 2 weeks for shipping. It now becomes more than 2 months: no one wait for products anymore if transportation of goods takes too long to reach the consumers" hands, consumers will go elsewhere. Supply and distribution networks: a company is not only shipping one item, it is shipping more than one products, transportation becomes a huge concern to these companies.