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IS1107

Week 3 - SCM

TermDefinition
SCM Supply Chain Management
SCM System - Help to manage the flow of of g/s into company to create new g/s and also the flow of finished g/s out of company - Info. flows are important to allow an organisation to respond quickly to changes in demand/supply of g/s
Goals of SCM system - Improve efficiency - Cost Reduction - Better Decision Making - Enhance customer satisfaction - Sustainability
Types of Procurement Contract Purchasing Spot Purchasing
Contract Purchasing Long-term written agreements to purchase specific products with agreed upon terms and quality
Spot Purchasing Involves purchase of goods based on immediate needs in larger marketplaces that involve many suppliers
Lean SCM Efficiency Low-Cost Predictable Demand
Agile SCM Speed Flexibility Volatile Demand
Private SCM Large firm using extranet to link it's suppliers, distributers and other key business partners Typically owned by the buyer
Private SCM benefits Lower admin. costs and and search costs for buyers Reduced inventory costs Increased production flexibility Improved Quality of products New opportunities for new ways of collaberating
Private SCM Challenges Concerns about sharing property data Expensive for integrating old and new networks Requires change of behaviour of employess
Public/Online SCM Industry Owned Generate revenue from transaction fees Uses prices through negotiation
Created by: peadarbailey1206
 

 



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