Supply Chain Management Basics

As a student, you will:

• Define supply chain management and understand its strategic role
• Explain the goals of effective procurement and supply chain management
• Learn the eight guidelines for successful supply chain management
• Discuss how organizations assess their supply base
• Summarize how organizations appraise individual suppliers
• Understand the importance of communication in managing a complex supply chain
• Compare common relationship problems between organizations in a supply chain
• Discuss the basics of economic drivers in managing suppliers
• Analyze globalization, regulatory demands, and changes in commodity pricing
• Describe how suppliers can impact customer service
• Discuss Lean manufacturing and its role in supply chain management
• Appraise the various supplier selection criteria and explain the supplier appraisal process
• Understand quality measurements and compare basic quality management techniques
• Understand potential supply chain disruptions and strategize ways to reduce supply chain risk
• Define logistics and describe the role it plays in supply chain management
• Assess the strengths and weaknesses of offshoring and of using different transportation methods
• Distinguish between the four types of transportation service companies
• Distinguish between different types of warehouses
• Assess the major trends shaping supply chain management

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