|
Supply Chain Management
In commerce, supply chain management (SCM) is the management of the flow of goods and services including all processes that transform raw materials into final products between businesses and locations. 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. Supply-chain management has been defined as 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". SCM practice draws heavily on industrial engineering, systems engineering, operations management, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand Network (en)
Supply 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 *Narcissistic supply, the way in which a narcissistic individual requires affirmation, approval, and admiration from others in the same way as the infant requires an external supply of food Places *Supply, North Carolina, an unincorporated community *Supply, Virginia, an unincorporated community Ships * HMS ''Supply'', eight ships of the Royal Navy of the United Kingdom * HMAS ''Supply'', two ships of the Royal Australian Navy * USS ''Supply'', four ships of the United States Navy People with the name *Supply Belcher Supply Belcher (March 29, 1751 – June 9, 1836) was an American composer, singer, and compiler of tune books. He was one of the so-called Yankee tunesmith ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainability
Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable living). Sustainability is commonly described as having three dimensions (also called pillars): environmental, economic, and social. Many publications state that the environmental dimension (also called " planetary integrity" or "ecological integrity") is the most important, and, in everyday usage, "sustainability" is often focused on countering major environmental problems, such as climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution. Humanity is now exceeding several " planetary boundaries". A closely related concept is that of sustainable development, and the terms are often used synonymously. However, UNESCO distinguishes the two thus: "''Sustainability'' is often thought of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolfgang Partsch
Wolfgang Partsch (born August 29, 1945) is an Austrian pioneer in the domain of supply chain management (SCM). As an author of various standard works he gained wide international recognition. Education and career Wolfgang Partsch was awarded PhD in physics in 1970 by the University of Vienna with a thesis on the exploration of natural resources. 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 magazine “WirtschaftsWoche", being the fi ... [...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 An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ... of the weekly. Under the leadership of Miriam Meckel, WirtschaftsWoche has gone through a major structural as well as design relaunc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation (informally Booz Allen) is the parent of Booz Allen Hamilton Inc., an American management and information technology consulting firm, headquartered in McLean, Virginia, in Greater Washington, D.C., with 80 other offices around the globe. The company's stated core business is to provide consulting, analysis and engineering services to public and private sector organizations and nonprofits. History Beginnings The company that was to become Booz Allen was founded in 1914, in Evanston, Illinois, when Northwestern University graduate Edwin G. Booz founded the ''Business Research Service.'' The service was based on Booz's theory that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice.Booz Allen History Boozallen.com. Retrieved o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keith Oliver
Keith Oliver is a British logistician and consultant known for coining the terms "Supply Chain" and "Supply Chain Management", first using them in public in an interview with Arnold Kransdorff of the Financial Times on 4 June 1982. Education and career Keith Oliver was educated in the United Kingdom at Monmouth School and Birmingham University. He is currently on the staff of the management consulting firms Booz & Company / Booz Allen Hamilton, and worked previously as Senior Organisations and Methods Analyst at the West Midlands Gas Board, and then as a consultant for Business Operations Research (Systems) Limited. According to Damon Schechter, Oliver played a critical role in ushering in the third significant evolution of logistical thought in the 1970s and 1980s and has contributed as author and co-author of numerous articles and the chapter entitled: "Distribution: the total cost-to serve" in ''The Gower Handbook of Management'' (1983 - 1998). ''Supply Chain Management'' ter ... [...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'' ( leakage) 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warehouse
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns, or villages. Warehouses usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets and then loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, and production. In India and Hong Kong, a warehouse may be referred to as a "godown". There are also godowns in the Shanghai Bund. History Prehistory and ancient history A warehouse can be defined functionally as a building in whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematical Model
A mathematical model is a description of a system using mathematical concepts and language. The process of developing a mathematical model is termed mathematical modeling. Mathematical models are used in the natural sciences (such as physics, biology, earth science, chemistry) and engineering disciplines (such as computer science, electrical engineering), as well as in non-physical systems such as the social sciences (such as economics, psychology, sociology, political science). The use of mathematical models to solve problems in business or military operations is a large part of the field of operations research. Mathematical models are also used in music, linguistics, and philosophy (for example, intensively in analytic philosophy). A model may help to explain a system and to study the effects of different components, and to make predictions about behavior. Elements of a mathematical model Mathematical models can take many forms, including dynamical systems, statisti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a Government agency, government body. It is the art and science of managing resources of the business. Management includes the activities of setting the strategic management, strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its goal, objectives through the application of available Resource (economics), resources, such as financial, natural resources, natural, technological, and human resources. "Run the business" and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend (other), trend. The term "management" may also refer to those people who manage an organization—managers. Some people study management at colleges or univer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Supply Chain Management")
