Supply chain management terms

SUMMARY / KEY POINTS The article talks about the relationship between the knowledge management (KM) process and the supply chain performance. Moderators that were considered for the empirical study are - information technology/information system (IT/IS) support, supply chain integration, and supply chain strategy. There is a positive moderation of the IT/IS support for the KM process on the supply chain performance. To scale up operations the IT/IS investments seem unavoidable. It helps improved…

physical stock it also a financial charge that is the current cost of capital to a company or the opportunity costs of tying up a capital that might otherwise be producing a better return if invested elsewhere. 2. Service Cost: The cost of stock management and insurance. 3. Storage…

Why Odoo? ( Selection Criteria) Odoo allows you to consolidate your applications, to centralize your data and to make your daily work easier, in a nice and unified interface. In terms of product, Odoo is going way beyond traditional ERP. What's usually interfaced with third party apps is fully native with Odoo CMS, E-Commerce, Point of Sale, and a Business Intelligence engine. Integrating your sales floor with inventory, accounting and manufacturing plant is one thing. But Odoo goes one step…

Tesla will be moving a lot of their outsourced components in house, in order to reduce risk throughout their supply chain. This can be expensive, but if Tesla does choose to move more production in house, it would mean less suppliers. Less suppliers would mean that there would be less suppliers, and consequently less supply contracts. This could reduce some of the supply chain management tasks within Tesla, but it remains to be seen if they will make this…

1. Introduction Supply chain management refers to the management of relationships and flows between operations and process (Slack, et al., 2012). Through recent studies, presenting an increasing interest in the topic that is Green Supply Chain Management (GSCM). GSCM aims at the whole optimal material and information flows on the value supply chain management, especially for the aspect of ecological and sociological (Kumar, Teichman and Timpernagel., 2012). The research paper from Tachizawa,…

guidelines are developed for making it easy to report the compliance violation. The company also aimed at developing gender balance in their workforce. Nestle has also set an example by making it sure that it’s all employee must be covered in good health management systems. The company also practices the rules against corruption and bribery. The company also offer training on their corporate business principles that focus on environment and nutrition safety. The company CSR operations also…

managing its local and multinational partners throughout the supply chain (Cruz, 2013). Furthermore, company executives are requesting real-time data on supply versus demand across all tiers of the supply chain - as a means of enhancing customer service, while maximizing profits (KPMG, 2013). As a result, organizations may seek the services of an industry subject matter expert, knowledgeable in the field of sustainable purchasing and supply. OPITO is an organization that provides support to the…

Theories and Techniques Just in time is usually a management philosophy that originated from Japan, it aims at cutting down the cost through reducing the amount of materials and goods that an organization holds in its stores and warehouses. This technique involve producing and delivering goods just in time to be sold, assembling partly finished goods into finished goods just in time, assembling parts just in time to partly finished goods and assembling materials just in time which are made into…

CAI 121 Product Id & Purchasing Unit 1 Lecture In this unit we will examine the purchasing function and the steps that need to be taken in order to reach the optimal goals of selection and procurement. We will discuss the policies and procedures that will help to assure that you are doing everything that needs to be done to maximize the value of the operation. This unit will highlight the factors that affect the availability of product and the importance of product specifications and…

logistics was at one moment alone used in military. It said that term logistics was first used in military need, just to supply itself as soldiers and material moved from their base to a leading position. Logistics involved the migration of, equipment, troops, food, and machinery to and from a combat zone to maintain the necessary supplies to battle efficiently in wars. Even present-day, army’s rely on getting the appropriate and sufficient supplies - logistics plays a life-and-death role in…