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