Supply Chain Overview
DISCUSSION #1
What is supply chain?
The exact definition can vary, but supply chain to me is the flow of raw materials to the delivery of the finished product. Depending on the department and company, supply chain should track material from the time an order is placed to the final destination of that product. Supply chain also involves the communication between suppliers, departments, and transportation.
Why are companies finding the supply chain to be so valuable?
Supply chain effects all departments of a company and can be very valuable as well as very destructive as well. Depending on a company’s objectives and strategies such as lean manufacturing and just in time manufacturing, supply chain can have large financial impacts. The supply chain aspect of a company can also have large implications on the service a company can provide for its customers. Overall, I think supply chain is so valuable because it is in every aspect of what a company does from the financials to the service of a company.
How can a firm add value through the use of the supply chain?
Like I previously stated in question number two, supply chain can add value to a company with better financial and service implications. The faster, more efficient, and accurate a company can receive its materials, manufacture them, and deliver them to the specified customer will add value to that company from many aspects. Another objective supply chain tries to implement is reduce, recycle, and reuse policies which add value through the companies costs. Supply chain aims to reduce cost, become more efficient, more accurate, and speed up the flow of goods and materials to the customer which in return creates value.
How has the supply chain changed over the past fifty years?
Supply chain as changed greatly over the past fifty years. The advances in technology and the eagerness of businesses to go global has made supply chain a vital part of how business is conducted today. Another way supply chain
What is supply chain?
The exact definition can vary, but supply chain to me is the flow of raw materials to the delivery of the finished product. Depending on the department and company, supply chain should track material from the time an order is placed to the final destination of that product. Supply chain also involves the communication between suppliers, departments, and transportation.
Why are companies finding the supply chain to be so valuable?
Supply chain effects all departments of a company and can be very valuable as well as very destructive as well. Depending on a company’s objectives and strategies such as lean manufacturing and just in time manufacturing, supply chain can have large financial impacts. The supply chain aspect of a company can also have large implications on the service a company can provide for its customers. Overall, I think supply chain is so valuable because it is in every aspect of what a company does from the financials to the service of a company.
How can a firm add value through the use of the supply chain?
Like I previously stated in question number two, supply chain can add value to a company with better financial and service implications. The faster, more efficient, and accurate a company can receive its materials, manufacture them, and deliver them to the specified customer will add value to that company from many aspects. Another objective supply chain tries to implement is reduce, recycle, and reuse policies which add value through the companies costs. Supply chain aims to reduce cost, become more efficient, more accurate, and speed up the flow of goods and materials to the customer which in return creates value.
How has the supply chain changed over the past fifty years?
Supply chain as changed greatly over the past fifty years. The advances in technology and the eagerness of businesses to go global has made supply chain a vital part of how business is conducted today. Another way supply chain