MGT 524 lecture 1.pptx

MGT 524 Food Supply Chain Management Lecture 1 Mr. Christopher Addo [email protected] // 020 8522556 May 2024  For self introduction Kindly Scan this code 2  Introduction Every organization is involved...

MGT 524 Food Supply Chain Management Lecture 1 Mr. Christopher Addo [email protected] // 020 8522556 May 2024  For self introduction Kindly Scan this code 2  Introduction Every organization is involved directly or indirectly production, manufacturers, distribution, that is, suppliers, transport, maintenance and consumption of goods and services. 3  Introduction Companies in-sourcing, producing and marketing however must bear in mind the over-all processes involved in the distribution of these goods and services to consumers. 4  Introduction They must have a good knowledge of the desires of consumers. This will bring successes to the companies involved in the design and delivery processes. 5  Objectives To be able to understand: the meaning of Supply chain and Logistics the relationship between logistics and supply chain management the purpose of supply chain the importance of supply chain decision and the various supply chain decision phases 6  Go to Menti.com, Code 71636676, or Scan 7  The Meaning of Supply Chain Supply Chain Management includes all activities involved in sourcing and procurement, conversion, and all logistics management activities. It also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers - Supply Chain Management Professionals 8  Streams of Supply Chain Upstream supply chain Includes the organization’s first-tier suppliers and their suppliers Internal supply chain Includes all the processes used by an organization in transforming the inputs of the suppliers to outputs Downstream supply chain Includes all the processes involved in delivering the products to final customers Down and up Stream supply chain  https://www.youtube.com/watch?v=R8rYsCmAEEY 1  Supply Chain Management A Focal Company The entity involved in producing and setting of raw materials and components for consumers as goods and services. Distributors The entity or entities involved in the delivery of the produced goods and services through various modes of transportation between each location of the chain. 1  Supply Chain Management (Cont.) Overt Chain The chain through which goods and services pass from one company to another before reaching the final consumer. Factors Necessary for Effective Overt Chain Information communication Management co-ordination Chain Leadership 1  The Purpose of Supply Chain Optimization of performance Achieving excellence Optimization of all departments within the supply chain 1  https://www.youtube.com/watch?v=MMyZ9Pu01RI 1  Logistics Management Logistics management is defined as that part of the Supply Chain Management process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements. - The Council of Logistics Management 1  Role of Logistics Every time you buy, lease, hire or borrow something, someone has to deliver it to you. Manufacturers have to move materials from at the point of production to delivery. The coordination of this process from point of production to point of delivery is the Logistics management. E.g, people who live in cities buy food from shops which are transported from country sides or large farms to the destination such as shops or markets,i.e Logistics management. 1  Relationship Between Logistics Mgt. and Supply Chain Mgt. Logistics Management is that part of Supply Chain Management (SCM) that concerns itself with the coordination, planning, implementation of the movement and reverse movement of goods and services from the point of production to the point of demand in order to fulfill consumer requirement. 1  https://www.youtube.com/watch?v=9sOGL4ujipY 1  Relationship Between Logistics Mgt. and Supply Chain Mgt. (cont.) Logistics involves getting in the right way, the right product, in the right quantity and right quality, in the right place at the right time, for the right customer at the right cost. 2  Relationship Between Logistics Mgt. and Supply Chain Mgt. (cont.) Logistics Management is a process within the SCM that plays a role in product development, supply and commercialization of the product to consumers. Logistics for a business includes physical distribution, material handling, packaging, warehousing, freight transportation, sales order processing, inventory planning and production planning. 2  The Decision Phase in the Supply Chain 1. Supply Chain Strategic Decision The decision is on long term basis and the company pays if the decision fails. The market conditions should be taken into consideration at this stage. It also deals with the optimal maximization of long term profit by bearing in mind the following: 2  1. Locations and capacities of facilities 2. Products to be made or stored at various locations 3. Modes of transportation 4. Information systems 2  Issues to Note Supply chain design must support strategic objectives Supply chain design decisions are long-term and expensive to reverse must take into account market uncertainty 2  The Decision Phase in the Supply Chain (Cont.) Supply Chain Planning Competitors and strategies they are following to meet their customer requirements are examined in the planning process. Supply Chain Operations Operations decisions are those that should be made within minutes, hours or days. The aim of this phase is reducing uncertainty and performance optimization. 2  2. Supply Chain Operations Operations decisions are those that should be made within minutes, hours or days. The aim of this phase is reducing uncertainty and performance optimization. 2  References Camuffo, A., Romano, P and Vinelli, A (2001) “Back to the future: Benettontransforms its global network” ,Sloan Management Review Volume 43(1) Chopra, Sunil. and Meindl, Peter, 2010, Supply Chain Management: Strategy, Planning & Operations, 4th Edition, Pearson Prentice Hall, (CHM) https://www.sketchbubble.com/en/presentation-food-supply-chain.html David A. Taylor, 2004 Supply Chains: A Manager's Guide, Addison Wesley, Boyson, Harrington, Corsi, Managing Supply Chain in Real Time, Praeger, 2  Thank You For any concerns, please contact [email protected] May 2024