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Logistics and SCM: Difference between revisions
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== SCM == | == SCM == | ||
{{Q|'''Supply chain management''' ('''SCM''') is the management of an interconnected or interlinked between network, channel and node [[w:business|business]]es involved in the provision of [[w:Product (business)|product]] and [[w:Service (economics)|service]] packages required by the end customers in a [[w:supply chain|supply chain]].|Wikipedia|[[w:Supply chain management|Supply chain management]]}} | |||
{{Q|'''Toimitusketjun hallinta''' (Supply Chain Management, SCM) tarkoittaa tavaroiden toimituksen ja palveluketjun optimointia. Kaikkien toimitusketjun osapuolien; toimittajien, jakelijoiden, alihankkijoiden ym. liikekumppaneiden yhdistämistä ja koko ketjun tehokasta hallinnointia. Tavoitteena on lisätä kaikkien jäsenten välistä kommunikointia ja siten alentaa kustannuksia, lisätä myyntiä ja tehostaa asiakaspalvelua. | |||
|Suomenkielinen Wikipedia|[[w:fi:Toimitusketjujen ja logistiikan hallintajärjestelmä|Toimitusketjujen ja logistiikan hallintajärjestelmä]]}} | |||
== Week 36 == | |||
* '''[[w:Raw material|Raw material]] [[w:Resource extraction|extraction]]''' and [[w:supplier|supply]] | |||
* '''Component [[w:manufacturer|manufacturer]]s''' | |||
*[[ | * '''[[w:Final product|Final product]]''' manufacturers | ||
* [[w:Reverse logistics|Reverse logistics]] is also needed in SCM ( already discussed in [[Logistics]] ) | |||
* '''[[w:Value chain management capability|Value chain management capability]]''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its [[w:value chain|value chain]]. ( Wikipedia ) | |||
::* '''[[w:Value chain|Value chain]]''' is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable [[w:product|product]] or [[w:Service (economics)|service]] for the [[w:market|market]]. ( Wikipedia ) | |||
'''4 strategic decisions''' | |||
# What [[w:modes of transport]] to use ? | |||
# What [[w:carrier|carrier]]s in each mode will the use ? | |||
# Own [[w:fleet]] or hire outsiders ? | |||
# Will the company manage transportation operations or [[w:Outsourcing|hire a 3rd party]] ? | |||
* '''[[w:Just in time (business)]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:invent ory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia ) | |||
*'''[[w:Fleet vehicles|Fleet vehicles]]''' are groups of [[w:motor vehicle|motor vehicle]]s owned or leased by a business or government agency, rather than by an individual or family. Typical examples are vehicles operated by [[w:Car rental|car rental companies]], [[W:Taxicab|taxicab companies]], [[w:Public utility|public utilities]], public bus companies, and police departments. In addition, many businesses purchase or lease fleet vehicles to deliver [[w:good (economics)|goods]] to customers, or for sales representatives to travel to clients. ( Wikipedia ) | |||
* '''[[w:International]] logistics''' vs. | |||
* '''[[w:Global sourcing|Global sourcing]]''' is the practice of [[w:sourcing|sourcing]] from the global market for goods and services across [[w:geopolitical|geopolitical]] boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. ( Wikipedia ) | |||
=== Week 39 === | |||
* '''[[w:Purchasing|Purchasing]]''' refers to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. ( Wikipedia ) | |||
* A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia ) | |||
World class purchasing must accomondate | |||
* '''[[w:Total quality management|Total quality management]]''' / '''TQM''' is an integrative philosophy of management for continuously improving the [[w:Quality (business)|quality]] of products and [[w:business process|processes]]. ( Wikipedia ) | |||
* '''[[w:Just in time (business)|Just in time]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:inventory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia ) | |||