MGMT614 Handouts pdf | Supply Chain Management Notes (pdf)

MGMT614: Supply Chain Management

In commerce, supply chain management is the management of the flow of goods and services, between businesses and areas, and includes the delivery and storage of immature goods, the establishment of work, and finished goods and their disposal. fulfillment of the order from the place of origin to the place of use. MGMT614 Handouts pdf

MGMT614 Handouts pdf

  Course Category: Management  MGMT614 Handouts pdf

Course Outline

What is Supply Chain Management, Purchasing,  Supply Chain Policy,  Supplier Relationship Management, Logistics, Contract Management, Reverse Supply Chain, Lean & Agile Supply Chain Management,  Supply Chain Process, Strategic Supply Chain, Supply Chain Concepts & Key Financial Measures, Drivers of Supply Chain Performance, Distribution Network, Supply Chain Network, Uncertainty in Supply Chain, Forecasting in Supply Chain, Aggregate Planning, Manage Demand & Supply,  Supply Chain Coordination, Cycle Inventory & Lot Size,  Safety Inventory,  Product Availability & Service Level, Transportation Networks, Sourcing in Supply Chain Management, Pricing & Revenue Management, Information Technology for Supply Chain Management, Sustainability & Future Supply Chain

MGMT614 Handouts pdf


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MGMT614 Handouts pdf
MGMT614 Handouts pdf


MGMT614: Supply Chain Management

Supply Chains and Value Chains

Over time, researchers and physicians have developed a myriad of definitions to define supply chain management and supply chains. One team of researchers has shown that defining supply chain management as a philosophy and as a set of performance tasks creates confusion not only for students but also for effective managers. These researchers divide this concept into three areas and divide the direction of the chain supply chain and supply chain management. The three areas are Supply Chain Orientation, Supply Chain, and Supply Chain Management respectively. 

Multitier System of Suppliers and Customers

To reflect current thinking, we need to expand the model of the original value chain, with a strong focus on internal participants, to include providers and clients who live well upstream from the focused organization. Many suppliers and customers form the basis of an extended value chain or expanded business concept, which states that success is the task of successfully managing a connected business group past first-class providers or customers. In fact, developing businesses understand that cost management, quality, and delivery require attention from suppliers who live within a few categories from the manufacturer. The expanded business concept clearly recognizes that competition is no longer among businesses but within chains of integrated assets or corporate networks.

Benefits Of E-Procurement Systems

Virtual University students are asked to identify the benefits of e-Procurement Systems in their work or use the internet to learn about e-Procurement Systems, currently in use. The main advantages of electronic shopping are cost savings and an increase in the time available to focus on the core business.
1. Electronic procurement systems allow businesses to focus on large quantities of small purchases with a few suppliers, using e-catalogs, available to corporate users.
2. Returning auctions are a special feature of e-Procurement Systems. Pre-trained providers log on to the site and at a predetermined time and date, try to undermine competitors, monitoring bid prices until the end of the session.

How To Improve Purchasing Process

Improving Procurement Process is required; all organizations specifically emphasize the importance of the important purchase of MRO items and should not be overlooked. An organization or business can improve its procurement process by:

1. Implement and implement online application systems
2. Issue purchase cards to end-users
3. Using E-commerce based on online auctions, b2b purchases, etc.
4. Develop long-term purchase agreements
5. Using online ordering programs
6. Redesign the purchase process
7. Using Electronic data interchange (EDI)
8. Refers to online orders and electronic catalogs
9. Managing direct user-supplier communications
The steps mentioned above are not coherent or coercive but are based on the material assets and processes of the organization.


MGMT614 Handouts 

MGMT614: Supply Chain Management Notes (pdf)