SUPPLY CHAIN MANAGEMENT
The average company spends nearly half of every dollar that it earns on production.
-Basics of supply chain
- Factors driving ( SCM )
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.
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.
Supply chain planning (SCP) software
Supply chain execution (SCE) software
Serving the customer in the best, most efficient, and more effective.
Information is crucial to managers abilities.
Information flows are essential to strategic planning.