Supply Chain Management (HSC SSCE Business Studies): Flashcards
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Supply Chain Management (SCM)
Supply Chain Management (SCM)
Integrating & managing flow of supplies through production
Three key aspects of SCM
Three key aspects of SCM
Logistics, E-commerce, Global sourcing
Logistics in SCM
Logistics in SCM
Physical movement and storage of products
Distribution
Distribution
Method of delivering goods/services to customer
Distribution centres vs warehouses
Distribution centres vs warehouses
DCs focus on rapid turnover; warehouses on long-term storage
E-commerce
E-commerce
Buying and selling goods/services via the internet
B2B (Business-to-Business)
B2B (Business-to-Business)
Direct electronic access from supplier to buyer business
B2C (Business-to-Consumer)
B2C (Business-to-Consumer)
Selling goods/services to consumers over the internet
Global sourcing
Global sourcing
Purchasing supplies without being constrained by location
Four factors in sourcing decisions
Four factors in sourcing decisions
Demand, quality, flexibility, cost
