MGT 301- Midterm Exam Guide - Comprehensive Notes for the exam ( 82 pages long!)
Document Summary
Amr research-survey of top supply chain management firms: carry less inventory, faster to market, more perfect orders than their competitors, shorter cash cycle = days of inventory + ar + ap, faster growth in sales. Consists of the flow of products and services from: raw materials manufacturers, component and intermediate manufacturers, final product manufacturers, wholesalers, distributors, retailers to end customers. Many large firms are moving away from in-house vertically integrated structures in scm. Tier 1 supplier sells directly to focal, manages tier 2 suppliers: supply side is upstream. Tier 1 customer buys from focal: customer side is downstream. Old paradigm: vertically integrated companies, limited it, single site, in house production, focal firm owned/controlled most activities in the sc, mass production, st focus, poor quality, limited customer choice. New paradigm: horizontally integrated, focus on areas of specialization-core competencies, voluntary, trust-based relationships with partners, all participants in the supply chain benefit, boundaries between firms are blurry, global, high quality, customer options.
