Chapter Review 1-3 Principles of Supply Chain Management
Chapter Review 1-3
Principles of Supply Chain Management, 3ed
Wisner, Leong, Tan 2012
Chapter Review 1-3
Chapter One: Introduction To Supply Chain Management A Supply Chain is the steps necessary for a manufacturer to procure materials, build a product, and transport the product to consumers. The consumers buy the products based on a combination of cost, quality, availability, maintainability and reputation factors. They hope these products will live up to their needs and expectations. An example of a supply chain that I was involved in while serving in the Air Force would be when I worked in the Supply Squadron. One of our customers, the jet engine maintenance shop, would need a part to repair and F101 engine for use on a B1B bomber aircraft. They would place the order through us. We would place the order with one of our depots that manage the assets. The depots would then place an order with the manufacturer of the asset. The manufacturer of the asset would be our second-tier supplier. The depots would be our first-tier supplier. The jet engine maintenance shop would be our first-tier customer, and the flight line mechanics would be our second-tier customer that needed the engine to install on the aircraft. The end product consumers would be the recipients of the mission to be accomplished by the aircraft crew. The three definitions of supply chain management in the text are all stated differently but pretty much mean the same thing; planning and managing the processes of procuring assets, converting assets into products, and delivering them to a customer. Of course there is much more detail involved getting from one end of the chain to the other and back again when necessary. There are four foundation elements of supply chain management. The supply elements are all about the purchasing and strategic concepts of supply management. The operations elements consist of several internal operations that oversee the assembling of parts
Principles of Supply Chain Management, 3ed
Wisner, Leong, Tan 2012
Chapter Review 1-3
Chapter One: Introduction To Supply Chain Management A Supply Chain is the steps necessary for a manufacturer to procure materials, build a product, and transport the product to consumers. The consumers buy the products based on a combination of cost, quality, availability, maintainability and reputation factors. They hope these products will live up to their needs and expectations. An example of a supply chain that I was involved in while serving in the Air Force would be when I worked in the Supply Squadron. One of our customers, the jet engine maintenance shop, would need a part to repair and F101 engine for use on a B1B bomber aircraft. They would place the order through us. We would place the order with one of our depots that manage the assets. The depots would then place an order with the manufacturer of the asset. The manufacturer of the asset would be our second-tier supplier. The depots would be our first-tier supplier. The jet engine maintenance shop would be our first-tier customer, and the flight line mechanics would be our second-tier customer that needed the engine to install on the aircraft. The end product consumers would be the recipients of the mission to be accomplished by the aircraft crew. The three definitions of supply chain management in the text are all stated differently but pretty much mean the same thing; planning and managing the processes of procuring assets, converting assets into products, and delivering them to a customer. Of course there is much more detail involved getting from one end of the chain to the other and back again when necessary. There are four foundation elements of supply chain management. The supply elements are all about the purchasing and strategic concepts of supply management. The operations elements consist of several internal operations that oversee the assembling of parts