Supply Chain Management (HSC SSCE Business Studies): Flashcards

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Supply Chain Management
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Supply Chain Management (SCM)

Integrating & managing flow of supplies through production

Three key aspects of SCM

Logistics, E-commerce, Global sourcing

Logistics in SCM

Physical movement and storage of products

Distribution

Method of delivering goods/services to customer

Distribution centres vs warehouses

DCs focus on rapid turnover; warehouses on long-term storage

E-commerce

Buying and selling goods/services via the internet

B2B (Business-to-Business)

Direct electronic access from supplier to buyer business

B2C (Business-to-Consumer)

Selling goods/services to consumers over the internet

Global sourcing

Purchasing supplies without being constrained by location

Four factors in sourcing decisions

Demand, quality, flexibility, cost

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