What is the supply chain? Functions of a supply chain management: One function of supply chain management is to ensure there is efficiency when it comes to supply and demand. Supply should always meet demand, and the products should be cheap, have quality, and have to reach the market on ...
The supply chain is a crucial component of any business, ensuring the smooth flow of products and services from the point of origin to the point of consumption. In today’s rapidly evolving business landscape, supply chain management has become more complex and challenging than ever before. One ...
In order to address the marketing and supply chain challenges presented by shopper marketing initiatives, scholars from both disciplines can find common ground by focusing on the shopper instead of consumers or products. The issue is no longer one of matching a supply chain to a product. Instead...
Supply chain management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer and then to the consumer. The three main flows of the supply chain are the product flow, the information flow and the finances...
What is the supply chain pyramid? There are different levels or tiers to every industry'ssupply chain. Let's take the example of the automotive industry. Here, the original equipment manufacturer (OEM) is at the top of the supply chain pyramid. A tier 1 vendor is a company that is a ...
Managers must understand their needs and develop relationships with vendors to ensure that raw materials are supplied to the business in a timely fashion at a reasonable price. This process of analyzing and interpreting the organizational needs is typically called supply chain management....
In this McKinsey Explainers, we define what a supply chain is, how it connects businesses and consumers, and the risks and disruptions that impact our world.
1. Supply chain planning and demand management Understanding customer demand is key to creating an efficient supply chain and ensuring product availability. Businesses will typically analyse past sales data to forecast future sales growth and from that can extrapolate the future demand. They may also ...
What is the Right Supply Chain for Your Product? Responsive supply chain Demand uncertainty Cost-effective supply chain Low (functional products) High (innovative products) Beers, Tissues Nokia, Fashion Step 3: A stratigc fit Step 3: A stratigc fit Toyota, HP Toyota, HP 13 A Mismatch A...
什么是供应链弹性（What is Supply Chain Resilience）？2021年3月，400米长的长荣海运集装箱船“长赐轮”在埃及苏伊士运河搁浅，6天后才脱困。这一事件导致369艘其他船只排队通过运河，每天给全球贸易造成的损失超过100亿美元。一艘船“堵了”全球供应链，一夜之间让全世界陷入了对供应链的深刻思考：如何建立弹性供应...