SUPPLY CHAIN MANAGEMENT

The average company spends nearly half of every dollar that it earns on production.

-Basics of supply chain

- Factors driving ( SCM )

vasibility

consumer behavior

competiton

speed

-Vasibility

The ability to view all areas up and down the supply chain .

Bullwhip effect-occurs when ditorted products demand information passes from one entity to the next throughout the supply chain.

-Consumer behavior

Companies can respond faster and more effectively to consumer demands through supply chain enhances.

Demand planning software - generates demand forecasts using statistical tools and forecasting techniques.

-Competition

Supply chain planning (SCP) software

Supply chain execution (SCE) software

-Speed

Serving the customer in the best, most efficient, and more effective.

Information is crucial to managers abilities.

Information flows are essential to strategic planning.