Supply Chain Management: Basics & Beyond

Why Should You Study Supply Chain Management?

 

1. Role in Economy
2. Strong Career in Academics
3. Strong Career in Industry
4. Handle a large variety of business problems
5. Always relevant
6. You are going to get the best
7. Connected to all other areas

Careers in Operations and Supply Chain Management.

How Can You Succeed in SCM Area?

SCM implementation is one of the most difficult projects a company undertakes.

If it is implemented right, it will have huge savings.

 [We Will Train You]

If not, it can even break a company.

(Quotes from Lee Pender, CIO, July 15, 2001).

What is Supply Chain Management?

Supply Chains.

 Networks of manufacturers and service providers that work together to move goods from the raw material stage through to the end-user.

 Linked through physical, information, and monetary flows.

The Seven Rights of Logistics.

1. right product 
2. to the right customer
3. at the right time
4. in the right condition
5. in the right quantity 
6. at the right place
7. for the right cost.

https://youtu.be/Mi1QBxVjZAw