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The Supply Chain Concept. Supply ... This document gives a description of the supply
chain concept and how it applies in eBusiness. Additionally ...
... of Concepts in Simulation Did not clearly identify an appropriate application of
each concept identified in the Managing Inventory in a Supply Chain simulation ...
... Vendor management inventory (VMI) is another supply chain concept introduced
by Wal-mart and is now being followed by other retailers. ...
... 2003) According to Czinkota, Ronkainen and Moffett, supply chain management is the
integration of three concepts; they are the systems concept, the total cost ...
... Consolidation – This strategy is the concept of creating large shipments ... In this
method, the customer is "pulling" the product through the supply chain. ...
Submitted by gspencer on July 31, 2005
Category: Business
Words: 1609 | Pages: 7
Views: 715
Popularity Rank: 11,079
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Supply Chain Concept
Introduction
In today's competitive business environment many firms face the arduous mission of managing their supply chain. In an effort to gain competitive advantage, firms must make key decision involving logistics and operations management to move products and service across the supply chain. The materialization and attractiveness of the Internet has made supply chain management more attainable for business enterprises. Research shows that Internet-derived technology has enabled companies to build and deploy supply chain management systems to perform key business decisions involving product flow and scheduling, process design and selection, product sourcing, layout, job design, and technology management. Implementation of supply chain management system gives firms the ability to publish information on a platform that can be accessed by the entire enterprise, suppliers, distributors, and customers all around the world. According to Gary Schneider (2004, p. 228, para. 1), author of E-Commerce the Second Wave, the ultimate goal of supply chain management is to achieve a higher-quality or lower-cost product at the end of the chain. This document gives a description of the supply chain concept and how it applies in eBusiness. Additionally, the benefits of the supply chain concept and the differences in the supply chain between a Business-to-Consumer (B2C) site compare to a Business-to-Business (B2B) site are explored.
The concept of the Supply Chain
The interaction between suppliers, manufacturers, distributors and consumers is important to understanding the supply chain concept. Schneider (2004, p. 544) defines the supply chain as "the part of an industry value chain that precedes a particular strategic business unit. It includes the network of suppliers, transportation firms, and brokers that combine to provide a material or service to the strategic business unit". A simple example of the supply chain...
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