Supply Chain Management

There are three different internal strategies in SCM?

- Agility (flexible, in environments you can't predict) - Leanness (low variety, predictable environments) - Leagility

What are the principles of lean?

- Eliminate Waste - Effectiveness and Efficiency in processes - Continuous improvement process

What are the principles of agile?

- Flexible and reconfigurable network - sharing competencies and market knowledge

What are the principles of leagility? Three approachese

- Pareto distribution (high variety) - surge and base demand distinction (base level demand can be predicted from past data) - decoupling point (possibility of modular production)

How can you gain competitive advantage through SCM?

Dimensions include to - EITHER cost leadership - OR superior service/ quality

What is supply chain management?

SCM is the systemic, strategic coordination of business functions and processes within a particular company and across organisations within the supply chain, for the purpose of improving the long-term performance of the individual companies and the supply chain as a whole It also means the management of intra and inter-company processes.