Introduction To Supply Chain Management PDF

Introduction to Supply Chain Management MSc. Linh Phuc Summer 2024 Nguyen Phuc Linh  Content 01...

Introduction to Supply Chain Management MSc. Linh Phuc Summer 2024 Nguyen Phuc Linh  Content 01 Definition of Supply Chain Management (SCM) Reading material: Chapter 1 - Chopra, S. (2019). Supply Chain Management: Strategy, planning, and Operation (7th ed.). Pearson Education Limited. 02 Chapter 1 - Wisner, J., Leong, G. and Tan, K., 2019. The Importance of SCM Principles of supply chain management: A Balanced Approach. 5th ed. Boston, MA 02210 USA: Cengage Learning. 03 Career in Supply Chain Nguyen Phuc Linh  SCM defined a) Definition b) A typical Supply Chain c) SCOR DS Nguyen Phuc Linh  The infrastructure which ensures that products or services get from the suppliers to the a) Definition customers The series of companies eventually making products and services available to consumers, including all of the functions enabling the production, delivery, and recycling of materials, components, end products, and services The planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities … also includes Supply coordination with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. Council of Supply Chain Management Professionals (CSCMP) The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer. Chain Institute for Supply Management (ISM) The design, planning, execution, control and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally. Management Association for Operations Management (APICS) The management of the flow of goods and services. Chartered Institute of Procurement & Supply (CIPS) Nguyen Phuc Linh  b) A typical Supply Chain Product & service flow Recycling & returns The only MANAGEMENT one true source of Information/planning/activity integration income Nguyen Phuc Linh  Part 2. Supplier Part 4. Logistics Topic 2 Topic 4, 5, 6 & 7 PRO Course Product & service flow Recycling & returns Out of scope Part 3. Operations Topic 3 IOM Course The only MANAGEMENT one true source of Information/planning/activity integration income Part 5. Management Nguyen Phuc Linh Topic 8, 9 & 10  E.g: Vinamilk Supply Chain Nguyen Phuc Linh  The Supply Chain Operations Reference Digital Standard c) SCOR DS (SCOR DS - previously SCOR Model) is a model that provides methodology, diagnostic and benchmarking tools v.07 (2005) that help organizations make dramatic and rapid improvements in supply chain processes. v.14 (2022) v.12 (2017) Nguyen Phuc Linh Source: scor.ascm.org  The Importance of SCM Nguyen Phuc Linh  The benefit of a successful supply chain  Purchasing and inventory carrying costs  Product quality Successful SCM  Sales and profits  Levels of customer service  Bullwhip effect (*) Nguyen Phuc Linh  (*) Bullwhip effect Definition: Erratic/ uncertain market demand -> safety stocks -> production planning problems for the entire supply chain Watch video: “Board Shorts Episode 1: The Bullwhip Effect” of Elementum Nguyen Phuc Linh  Impact of the bull whip effect Excess inventories -> high costs of inventory and obsolescence Problems with quality  raw material costs Material shortages Overtime expenses  transport costs  customer service  lead time Stockout and lost sales Unnecessary adjusted capacity Poor responsiveness to market dynamics Nguyen Phuc Linh  Career in Supply Chain Nguyen Phuc Linh  Purchasing/ Transportation Procurement (Domestic/ Department International) Logistics Team Warehouse Supply Chain Management Import/ Export Production Planning Group (Customs Procedures) Operations Management Nguyen Phuc Linh  Tech corner 1. Topic: How Supply Chain Management benefits from Generative AI? 2. Minimum expected content: What is Generative AI? Some example of Generative AI Benefits which Generative AI brings to Supply Chain Management Engage classmates in the discussion Proper reference 3. Maybe you will find something useful here: https://www.ey.com/en_gl/insights/supply-chain/how-generative-ai-in-supply-chain-can-drive-value Nguyen Phuc Linh