What is a Supply Chain - PowerPoint PPT Presentation

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What is a Supply Chain

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Supply chain activities transform raw materials and components into a finished ... just as machines are ready to use them; goods flowing out to freight cars ... – PowerPoint PPT presentation

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Title: What is a Supply Chain


1
What is a Supply Chain?
  • A supply chain, logistics network, or supply
    network is a coordinated system of organizations,
    people, activities, information and resources
    involved in moving a product or service in
    physical or virtual manner from supplier to
    customer.
  • Supply chain activities transform raw materials
    and components into a finished product that is
    delivered to the end customer.
  • The primary objective of supply chain management
    is to fulfill customer demands through the most
    efficient use of resources, including
    distribution capacity, inventory and labor.
  • Source Wikipedia

2
A Supply Chain Vision
  • One may even dream of production so organized
    that no business concern or other economic unit
    would be obligated to carry stocks of raw
    materials or of finished goods picture supplies
    of every sort flowing into factories just as
    machines are ready to use them goods flowing out
    to freight cars and trucks just pulling up to
    shipping platforms merchandise arriving at the
    dealers shelves just when space was made
    available under such conditions the burden of
    expense and risk borne by society because of the
    stocks necessary to the production process would
    be at a minimum.
  • Leverett S. Lyon, 1929

3
A Generic Supply Chain
4
Supply Chain Evolution
  • Old paradigm- Firm gained synergy as a vertically
    integrated firm encompassing the ownership and
    coordination of several supply chain activities.
  • New paradigm- Firm in a supply chain focuses
    activities in its area of specialization and
    enters into voluntary and trust-based
    relationships with supplier and customer firms.
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