About This Chapter
Supply Chain Strategy & Design - Chapter Summary and Learning Objectives
Every business requires a product aiming to fulfill a customer need. Products, however, are rarely hanging off trees, ready to be gift wrapped and handed over to a needy consumer. The many steps involved in delivering a product to a customer, whether it be physically refining a natural resource or assembling a digital service, comprises the supply chain.
Supply chains are extremely important parts of any business plan. An efficiently managed supply chain can lower business costs, leading to a more affordable product and a leg up on the competition. This chapter will examine the common features of all supply chains and strategies for efficient management. You'll learn concepts such as risk pooling and how to measure performance. At the end of this chapter, you'll have mastered:
- The Bullwhip Effect and its causes
- The origins of supply chain uncertainty and managing these risks
- How to create sustainability initiatives
- The differences between traditional and digital supply chains
|Supply Chain Management: Elements & Goals||Learn the common features of supply chains and the goals for effective supply chain management.|
|Managing Supply Chain Uncertainty||Explore the many factors leading to uncertainty in supply chains and possible management solutions.|
|Supply Chain Risk Pooling: Definition & Purpose||Build upon the examination of uncertainty and learn how to reduce risk by pooling supply chains.|
|Bullwhip Effects: Causes & Effects||Examine the Bullwhip Effect, its origin in customer demand, and how to account for it in management.|
|Managing a Green & Sustainable Supply Chain||Discuss definition of a green and sustainable supply chain initiative and how the definition changes according to the type of company.|
|Traditional vs Digital Supply Chain Processes||Define the ideas behind traditional supply chains and juxtapose them with digital supply chains.|
|Information Technology Used for Supply Chain Management||Discover the many technologies available to manage supply chains including point of sale data, barcodes, build-to-order, and more.|
|Supply Chain Integration & CPFR||Elaborate on the idea of integration and its relationship with CPFR.|
|Measuring Supply Chain Performance: Key Performance Indicators||Explore the key methods in measuring supply chain efficiency and performance.|
1. Supply Chain Management: Elements & Goals
Supply chains and their efficient management may mean the difference between success and failure for a business. In this lesson, you'll learn about the elements of the supply chain and the key goals businesses seek in managing their supply chains.
2. Managing Supply Chain Uncertainty
While supply chains may be, in theory, meant to run without any interruption, sometimes things don't go perfectly to plan. In this lesson, we take a look at the causes for such uncertainty in the supply chain.
3. Supply Chain Risk Pooling: Definition & Purpose
As you might expect, there are plenty of risks when it comes to managing a supply chain. So, why in the world would you want to pool those risks? In this lesson, we look at why supply chain risk pooling actually makes sense.
4. Bullwhip Effect: Causes & Effects
Failure to manage a supply chain effectively can lead to inefficiencies. In this lesson, you'll learn about the bullwhip effect, including what it is, its causes and effects, and what to do to stop it. A quiz follows.
5. Managing a Green & Sustainable Supply Chain
More and more companies are trying to move towards a green and sustainable supply chain. But what does that mean? In this lesson, we find out what that means and how companies are beginning to implement it.
6. Traditional vs Digital Supply Chain Processes
The rise of digital products has made getting products to consumers even simpler and quicker. But how has the supply chain changed with digital products? In this lesson, we'll look at the difference in traditional and digital supply chain processes.
7. Information Technology Used for Supply Chain Management
Watch this video lesson to learn about the different types of technology you can use to manage your supply chain. Learn how these technologies make keeping track of your supplies and inventory easier.
8. Supply Chain Integration & CPFR
Through a process known as CPFR, companies can link their supply chains with those of their suppliers, meaning that they get raw materials faster and in a more timely manner. Learn about this process and its benefits to business.
9. Measuring Supply Chain Performance: Key Performance Indicators
A big part of supply chain management is understanding how your company is performing. In this lesson, we'll discuss some key performance indicators for supply chain management, including what they are and how to calculate them.
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Other chapters within the Business 112: Operations Management course
- Introduction to Operations & Supply Chain Management
- Quality in Operations & Supply Chain Management
- Six Sigma & Operations
- Monitoring & Controlling Quality
- Project Management
- Product Design
- Service Design
- Operations Processes & Technology
- Capacity & Facilities Design
- Facility Location Models
- Global Supply Chain Procurement & Distribution
- Inventory Management
- Lean Systems
- Forecasting in Operations Management
- Sales & Operations Planning
- Resource Planning in Operations Management
- Scheduling in Operations Management