Supply Chain Management
procurement
process of buying production inputs from various sources
3 parts of production process
procurement, manufacturing and operations, transportation and logisitcs
operations for target
what areas of operation are a focus for target?, how does target seek efficiency in it processes?
outsourcing
A decision by a corporation to turn over much of the responsibility for production to independent suppliers.
supply chain management
active integration and coordination of all supply chain activities with the objective of providing you with the best value
transportation and logistics
commercial activity of transporting goods to customers
manufacturing and operations
design, execution, control of operations that convert resources into desired goods and services and implement a company's business strategy
transportation and logistics for target
how does target ensure the right products reach the right place at the right time?
procurement for target
how does target procure necessary resources?, how do they navigate relationships with suppliers?
The physical arrangement of a production facility is called its
layout
supply chain
network of businesses and ppl that are directly/indirectly responsible for fufilling your needs
Many companies keep a continuously updated list of inventory levels, orders, sales, and receipts. This is called a(n) _____ inventory.
perpetual