BUS 370 Lecture Notes - Lecture 1: Operations Management, Tyvek, Walmart
Document Summary
Chapter one//introduction to operations and supply chain management: why study operations & supply chain management (scm), pervasiveness - every organization must make a product or provide a service that someone values, manufacturers, retailers, design firms, universities, health services. These manufacturers and service providers are linked together through physical flows, information flows, and monetary flows: supply chain management (i. e. beer, wal-mart: supply chain improves efficiency and effectiveness. 800 employees: 200 million pounds of dough are delivered by 110 trucks that travel 9. 7 million miles annually. Important trends: electronic commerce, the use of information technology (it) solutions to automate business transactions. November and december holiday season, giving supply chain partners little time to react. Leapfrog and its manufacturing and logistics supply chain partners would have to find a way to produce another 350,000. Traditionally, toys produced in china traveled by ship. Although this option was relatively slow, it kept costs down. September and october, leapfrog had to consider other, more expensive, options.
