Please summarize reading(s) for chapter 1
Two or three main points.
The most interesting point in your opinion.
Anything you know that would help other students in this class to better understand the materials presented in this chapter (if any. Optional)
Anything that is confusing to you or you would like to know more about (Also Optional)
The article or the chapter mainly describes about the key aspects of supply chain management.
SCM is an operational , strategic and tactical management practise which involves flow of goods, information and cash from one source to the other through various channels. It should be systematic and demand driven. The value generated through supply chain determines the quality of goods and services. Right time to right customer on right quantity needs a supply chain configuration, relationship and co ordination. Customer orientation is a prime goal for all supplychain practices. A supplychain starts from the origin( Supplier). Then it transfer the value to the next level which can be an OEM or manufactur plant. Once the raw material is converted to finish goods it is shifted to the warehouse or cross dock centres and then finally distributed to the direct customers. Value chain proposition is very important in SCM.
Flow can be in the form of material, information, finance and resources. SCM serves customers as an object it serves.SCM is used to fulilf the strategic outputs. Thus key supplchain functions such as transportation, warehousing and inventory management activities are carefully managed in it.
Most interesting point is Supplychain conceptual modelling.
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