ECON 1 Lecture Notes - Lecture 26: Lean Manufacturing, Global Sourcing, Strategic Sourcing
Document Summary
Supply management"s impact on firm and supply chain performance. Supply management = is the identification, acquisition, positioning, and management of resources and capabilities that a firm needs to attain its strategic objectives: organizations buy raw materials, indirect materials office suppliers, critical to an organization"s success. Sourcing = is the identification, evaluation, selection and management of suppliers, is a important part of supply management. Effective meet its strategic objectives and improve performance: ensure timely availability of resources, the right purchases are available at the right time to support new product launches, operations and shipments. Identifying and managing supply chain risks can help to ensure that deliveries are on time. Include delivery disruptions, thefts of intellectual property, price increases etc: sources of s. c. risk are often upstream in the supply chain, beyond a firm"s first tier suppliers, operations and supply chain practices can increase exposure to s. c. risk.
