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Logistics and SCM: Difference between revisions
→Notes from slides: good definition of w:logistics from slides
('''w:Value chain management capability''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its value chain. ( Wikipedia )) |
(→Notes from slides: good definition of w:logistics from slides) |
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=== Notes from slides === | === Notes from slides === | ||
* '''''[[w:Logistics|Logistics]]''' is the [[w:process|process]] that integrates and co-ordinates the elements within the [[w:supply chain|supply chain]]'' ( Teacher slide core wikified ) | |||
::: to ensure the best possible [[w:matflow of materials and [[w:information|information]] | |||
A '''[[w:lead time|lead time]]''' is the [[:wikt:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia ) | A '''[[w:lead time|lead time]]''' is the [[:wikt:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia ) | ||
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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|'''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]]}} | ||