ADM 2372 Chapter Notes - Chapter 8: Electronic Data Interchange, Purchase Order, Inventory Turnover

• School: University of Ottawa
• Department: Administration
• Course: ADM 2372
• Professor: Morad Benyoucef

Document Summary

Production management: activity of managers that aid the creation of goods. Operations management (om): internal management of systems that convert resources into goods. Om activities include: forecasting, capacity planning, scheduling, managing inventory, quality control, motivating/training employees, locating facilities. Organisations tend to work as a collection of strategic business units, stand-alone businesses. Materials requirements planning: uses sales forecasts to predict raw material inventory. Global inventory management system: ability to track low of materials up and downstream. Deinition: internal processes that delivery value to customers. Deinition: external management that maintains and enhances relationships in a supply chain that involves external parties. Eicient scm decreases buyer power, increases its own supplier power, switching costs, entry barriers, competitive advantages through cost leadership. Supply chain: allows suppliers/manufacturers/distributors/retailers (linked through information networks and contractual relationships) to function as one virtual organisation to deliver products to consumers. Supply, production, inventory, shelf stock based on forecasts, customers buy from shelves.