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Pratik Ghosh Asst. Professor( FMS) NIFT Bengaluru
SUPPLY CHAIN Pratik Ghosh Asst. Professor( FMS) NIFT Bengaluru
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Defination Supply chain management is the management of network of interconnected businesses involved in the ultimate provision of goods and services required by the end customer Supply chain management spans all movement and storage of raw materials, work-in-process inventory and finished goods from point-of-origin to point-of-consumption.
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Critical Aspects of Supply Chain
Everyone is involved Systems approach to reducing costs Integration being the key
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Components of Supply Chain
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A Generic Supply Chain Sources: plants vendors ports Regional
Warehouses: stocking points Field Warehouses: stocking points Customers, demand centers sinks Supply A customer is a supplier for some other company. A supplier is a customer for some other company. Not all pieces of a supply chain belongs to the same company. Inventory Purchase Inventory Transportation
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Cycle View of Supply Chains
Customer Order Cycle Replenishment Cycle Manufacturing Cycle Procurement Cycle Customer Retailer Distributor Manufacturer Supplier Any cycle 0. Customer arrival 1. Customer triggers an order 2. Supplier fulfils the order 3. Customer receives the order The supply chain is a concatenation of cycles with each cycle at the interface of two successive stages in the supply chain. Each cycle involves the customer stage placing an order and receiving it after it has been supplied by the supplier stage. One difference is in size of order. Second difference is in predictability of orders - orders in the procurement cycle are predictable once manufacturing planning has been done. This is the predominant view for ERP systems. It is a transaction level view and clearly defines each process and its owner.
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Typical Supply Chain Model
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Thank You
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