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Supply Chain Management
In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is 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, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. SCM is the br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand Network (en)
Supply or supplies may refer to: *The amount of a resource that is available **Supply (economics), the amount of a product which is available to customers **Materiel, the goods and equipment for a military unit to fulfill its mission *Supply, as in confidence and supply, the provision of funds for government expenditure Places *Supply, North Carolina, an unincorporated community *Supply, Virginia, an unincorporated community People with the name *Supply Belcher (1751–1836), early American composer of the First New England School Ships * Supply-class fast combat support ship, ''Supply''-class fast combat support ship * Supply-class replenishment oiler, ''Supply''-class replenishment oiler * HMS Supply, HMS ''Supply'', eight ships of the Royal Navy of the United Kingdom * HMAS Supply, HMAS ''Supply'', two ships of the Royal Australian Navy * USS Supply, USS ''Supply'', four ships of the United States Navy Other uses *Supplies (song), "Supplies" (song), by Justin Timberlake, fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Cost
In marketing, carrying cost, carrying cost of inventory or holding cost refers to the total cost of holding inventory. This includes warehousing costs such as rent, utilities and salaries, financial costs such as opportunity cost, and inventory costs related to perishability, shrinkage, and insurance. Carrying cost also includes the opportunity cost of reduced responsiveness to customers' changing requirements, slowed introduction of improved items, and the inventory's value and direct expenses, since that money could be used for other purposes. When there are no transaction costs for shipment, carrying costs are minimized when no excess inventory is held at all, as in a just-in-time production system. Excess inventory can be held for one of three reasons. Cycle stock is held based on the re-order point, and defines the inventory that must be held for production, sale or consumption during the time between re-order and delivery. Safety stock is held to account for variability, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suppliers
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. The phrase "supply chain" may have been first published in a 1905 article in ''The Independent'' which briefly mentions the difficulty of "keeping a supply chain with India unbroken" during the British expedition to Tibet. Overview A typical supply chain can be divided into two stages namely, production and distribution stages. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Channel Partner
A channel partner is a company that partners with a manufacturer or producer to market and sell the manufacturer's products, services, or technologies. This is usually done through a co-branding relationship. Channel partners may be distributors, vendors, retailers, consultants, systems integrators (SI), technology deployment consultancies, and value-added resellers (VARs) and other such organizations. Managed services channel partner The Managed Services Channel Program (MSCP) defines managed services based on market and industry best practices, validates a provider’s managed service against those standards, and offers escalating rewards tied to the value delivered. Outsourcing channel partner The Outsourcing Channel Program is designed for partners who assume management of customer assets for multiple years across multiple technologies, either at the customer site or at another location like a remote data center A data center is a building, a dedicated space within a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logistics Management
Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other edible items. In military logistics, it is concerned with maintaining army supply lines with food, armaments, ammunition, and spare parts apart from the transportation of troops themselves. Meanwhile, civil logistics deals with acquiring, moving, and storing raw materials, semi-finished goods, and finished goods. For organisations that provide garbage collection, mail deliveries, public utilities, and after-sales services, logistical problems must be addressed. Logistics deals with the movements of materials or products from one facility ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Sourcing
Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price. It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services to sourcing production lines where the labor market would increase firms' ROI. Strategic sourcing processes aim for continuous improvement and re-evaluation of the purchasing activities of an organisation. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the client's individual needs. In a production environment, it is often considered one component of supply chain management. Modern supply chain management professionals have placed emphasis on defining the distinct differences between strategic sourcing and procurement. Procurement operations support tactical day- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Business Logistics
The ''Journal of Business Logistics'' is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of thCouncil of Supply Chain Management Professionals (CSCMP) covering research and best practices in logistics and supply chain management. In October 2020, Robert 'Glenn' Richey, Jr. and Beth Davis-Sramek, both of Auburn University's Harbert College of Business, were appointed as the incoming editors-in-chief, taking over from Thomas J. Goldsby and Walter Zinn, of The University of Tennessee-Knoxville and The Ohio State University Fischer College of Business, respectively. Some notable writers include Dean Matthew Waller of the University of Arkansas Sam M. Walton College of Business, Stanley E. Fawcett, and John T. Mentzer. According to the ''Journal Citation Reports'', its 2020 impact factor is 6.677 and its 5-year impact factor is 7.362, ranking it 48th out of 226 journals in the category "Management". Notable articles Highly cited and influential articles in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reseller
A reseller is a company or individual ( merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. Individual resellers are often referred to as middle men. This is usually done for profit (but can be done at a loss). One example can be found in the industry of telecommunications, where companies buy excess amounts of transmission capacity or call time from other carriers and resell it to smaller carriers. Resale can be seen in everyday life from yard sales to selling used cars. According to the Institute for Partner Education & Development, a reseller's product fulfillment–based business model includes a corporate reseller, retail seller, direct market reseller (DMR), and an internet retailer (eTailer); less than 10 percent of its revenue comes from services. Internet Resellers are known to conduct operations on the Internet through sites on the web. Another common example of this is in the web hosting area, where a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Thomas Mentzer
John Thomas Mentzer (December 7, 1951 – February 26, 2010 ) was a University of Tennessee marketing and logistics professor and author. Life and career John T. (Tom) Mentzer was born on December 7, 1951, in Harpers Ferry, West Virginia. He graduated with a bachelor's degree in industrial administration from the General Motors Institute, now Kettering University. He continued his studies at Michigan State University, graduating with an MBA and a Ph.D. After completing his studies, Mentzer worked for General Motors and then took a position at Virginia Polytechnic Institute (Virginia Tech) in Blacksburg, Virginia, where he stayed for 17 years. In 1994, he accepted a position at the University of Tennessee, where he was appointed as the Harry and Vivienne Bruce Chair of Excellence in Business. While at Tennessee, he was also appointed as a Chancellor's Professor. He served as president of the Council of Logistics Management, president of the Academy of Marketing Science and executiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer
A consumer is a person or a group who intends to order, or use purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use. Rights "Consumers, by definition, include us all", said President John F. Kennedy, offering his definition to the United States Congress on March 15, 1962. This speech became the basis for the creation of World Consumer Rights Day, now celebrated on March 15. In his speech, John Fitzgerald Kennedy outlined the integral responsibility to consumers from their respective governments to help exercise consumers' rights, including: *The right to safety: To be protected against the marketing of goods that are hazardous to health or life. *The right to be informed: To be protected against fraudulent, deceitful, or grossly misleading information, adverti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolfgang Partsch
Wolfgang Partsch (born August 29, 1945) is an Austrian academic and business leader that is a pioneer in the domain of supply chain management (SCM). As an author of various standard works he gained wide international recognition. Education Wolfgang Partsch was awarded PhD in physics in 1970 by the University of Vienna with a thesis on the exploration of natural resources. Career In 1979, the German monthly business magazine “Manager Magazin” published an article where Partsch described a supply chain concept explaining that efficiency could be achieved considering the interdependency among all areas of a company. Subsequently, he joined Booz Allen & Hamilton and was part of the team that, led by Keith Oliver, developed the first official Supply Chain concept and coined the term. By that time, Partsch was the leading manager in a Supply Chain implementation project for Landis+Gyr in Switzerland. The results of this project were published in Germany's leading economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wirtschaftswoche
''Wirtschaftswoche'' is a German weekly business news magazine published in Germany. ''Wirtschaft'' means “economy” (including business), and ''Woche'' is “week”. History and profile For many years, ''Wirtschaftswoche'' was published weekly on Thursdays, but since March 2006, this has been changed to Mondays. The editorial office is in Düsseldorf. The publisher is Verlagsgruppe Handelsblatt, which also publishes '' Handelsblatt''. The magazine provides business- and economy-related news. Its target audience is managers and business people. In November 2014 Miriam Meckel was appointed editor-in-chief of the weekly. Under the leadership of Miriam Meckel, WirtschaftsWoche has gone through a major structural as well as design relaunch with edition 20/2015. The magazine has slightly changed its logo as part of this redesign. Circulation In the period of 2001–2002, ''Wirtschaftswoche'' had a circulation of 187,000 copies. For the first quarter of 2005 the circulation o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
