MGM102H5 Chapter Notes - Chapter 6: E-Procurement, Laser Printing, Accounts Receivable
Document Summary
Supply chain thinking: an application of systems thinking and provides a basis for understanding processes that cut across a (cid:272)o(cid:373)pa(cid:374)(cid:455)"s i(cid:374)te(cid:396)(cid:374)al depa(cid:396)t(cid:373)e(cid:374)ts a(cid:374)d p(cid:396)o(cid:272)esses that e(cid:454)te(cid:374)d outside the company as well. Supply chain and supply chain management: supply chain: the set of entities and relationships that cumulatively define materials and information flows both downstream toward the customer, and upstream toward the first supplier. Some may use distribution through company-owned warehouses, direct distribution, some use outside manufacturing, some in-house manufacturing. Elements in a supply can be arranged in many different ways: supply chain management (scm): the design and management of seamless, value- added processes across organization boundaries to meet the real needs of the end customer. Processes must be tightly integrated to allow information flow and deploy within and across. Design and management of processes require decisions to implement strategies and solve issues to ensure effective and efficient flow of materials and requisite information across the entire chain.
