Supply chain management scm is the active streamlining of a business supplyside activities to maximize customer value and gain a competitive advantage in the. A method of inventory control which divides items into. Supply chain management 1 missionaries of charitys gandhiji prem nivas leprosy centre near kolkata, india, where leprosy patients receive treatment and learn how to live and work with their disabilities. Issues in supply chain strategy pdf courtesy of don rosenfield. Weve tried to take some of the guesswork out by providing a comprehensive glossary of terms to help you better understand where potential savings are hiding.
This person is accountable for all charges made with the card. Green scm recognizes the disproportionate environmental impact of supply chain processes in an organization. An unbroken cold chain is an uninterrupted series of storage and distribution activities which maintain a given temperature range. Supply chain management terms and glossary updated. Supply chain management scm definition investopedia. About the international purchasing and supply chain management institute ipscmi ipscmi is a prestigious professional institute offering purchasing and supply chain management certi. Pdf terms and glossary supply chain management sohail. To learn more about cookies and their benefits, please view our cookie policy if youd like to disable cookies on this device, please view our information pages on choices about cookies.
The concept of supply chain management scm has since it was established almost three decades ago c. It has a terminology used across the globe by the supply chain professionals. Lecture notes logistics and supply chain management. Different from freight class, this is a very specific number that corresponds to your commodity and how it is packaged.
Whether youre a student, professor, or practicing professional, this glossary is an excellent tool to. A method of inventory control which divides items into categories based on value of usage, something like a pareto division where the items which constitute the highest dollar value are tracked more closely than those with. Best practices in green supply chain management final. A method of inventory control which divides items into categories based on value of usage, something like a pareto division where the items which constitute the highest dollar value are tracked more closely than those with lower value movement. About the tutorial supply chain management can be defined as the management of flow of products and services, which begins from the origin of products and ends with the products consumption at the enduser. Supply chain management and advanced planning springerlink. It is necessary for you to know the meaning of scm terminology. Supply chain management deals with the management of materials, information, and financial flows in a network consisting of suppliers, manufacturers, distributors, and customers. A form of pareto analysis applied to a group of products in order to apply selective inventory management controls. But achieving this cohesion can be a challenge for many companies. Lummus, central missouri state university, warrensburg, missouri, usa robert j.
The supply chain management scm profession has continued to change and evolve to fit the needs of the growing global supply chain. Top 23 supply chain interview questions and answers guide. E ective supply chain management is considered to be the next step in increasing pro t and market share. One of the most cited concepts of the supply chain management literature will be tested empirically, and i am going to make an attempt to add to it. February 2010 terms and glossary supply chain management accounts receivable ar. Supply chain management, enterprise resources planning erp, and advanced planning systems aps are important concepts in order to organize and optimize the flow of goods, materials, information and funds. This document presents a high level definition of a supply chain management scm application in the form of a set of use cases. Supply chain management are important because of the following points. Why do we need supply chain management anywayi reducing cost is at its full potential already by using strategies such as jistintime, lean manufacturing, total quality management, and othersbefore 1990s. If you have any others to add, please add them in the comments below. This book, already in its fourth edition, gives a broad and uptodate overview of the concepts underlying aps. As defined by the global supply chain finance forum in its standard terms and definitions, supply chain finance is defined as the use of financing and risk mitigation practices and techniques to optimize the management of the working capital and. Supply chain management abbreviations flashcards quizlet.
Supply chain management is a systemic system, coordinating both strategically from traditional and tactical business functions in all business functions. Innovative solutions for logistics and sustainable supply chain management in the context of industry 4. Material handling people use a lot of terms to describe lift trucks. Sc1x supply chain and logistics fundamentals lesson. On a companys balance sheet, accounts receivable is the amount that customers owe to that company. Researches in supply chain inventory management scim most of the researches in supply chain area s are concerned about optimizing the supply chain in terms of its efficiency and competence in the product market, but only limited studies are done considering the inventory management in. Bearbuy is the tool used by the ucsf campus community to purchase goods and services. Ppt supply chain management powerpoint presentation. Green supply chain management environmental management supply chain management green supply chain. The a3 system is a means of describing a business process in a compact form. A supply chain consists of the flow of products and services from.
Advance ship notice asn edi documents sent by the supplier and used by the customer for planning receipts and autoidentification. It was originally created by the toyota motor corporation and was named for the paper size on which it was printed. Council of supply chain management professionals cscmp. International purchasing and supply chain management. Nagurney department of electrical and computer engineering university of hartford june 29, 20.
Like any industry we have a multitude of terms that are commonly used. Sometimes called trade receivables, they are classified as current assets assuming that they. The five main components of an aps system are demand planning, production planning. Over the years i have gathered the most uptodate glossary of supply chain management terms, concepts and definitions relevant to the subject, which i hope you will find it useful. The cscmp is a notforprofit professional business organization consisting of individuals throughout the world who have interests andor responsibilities in logistics and supply chain management, and the related functions that make up these professions. Start studying supply chain management abbreviations. Logistics and supply chain management glossary of terms. Jones and riley, 1985 been considered as an enabler for decreasing costs and improving service levels in the supply chain. This is a brief introductory tutorial that explains the methodologies applied in the rapidly growing area of supply chain management in. Sultanpur a supply chain is a network of suppliers, factories, warehouses, distribution centers and retailers. Correlative approaches in the military field gheorghe minculete polixenia olar colonel, phd in military sciences, professor at the logistics, finance and. A discipline focusing on the management of activities within business processes as the route to continuously improve both the value received by customers and the profit earned in providing that value. It explains what cookies are and how we use them on our site.
Compiled and edited by members of the society from a number of sources, the aim of this dictionary is to. An audit is an independent, objective inspection of the accounts, statutes or performance of an organisation, designed to add value and improve its operations, governance processes, and the effectiveness of its risk management. In cost management, an approach to inventory valuation in which variable. Worldclass supply chain management is fundamentally about the uninterrupted, seamless flow of materials and data. Autoidentification allows for a container or product to be automatically identified, without being manually keyed into a system, by either a bar code reader or rfid reader. Types of supply chains and tools for management empirical analysis foreword in my doctoral dissertation, i am dealing with the management issues of supply chains. Toyota used the a3 methodology to help develop its famed toyota production.
Supply chain and logistics terms and glossary updated. Terms and glossary supply chain management a abc inventory control. My desire is to give every supply chain professional a better view of what they will possibly face in their next supply chain interview. Glossary of transportation, logistics, supply chain, and. Terms and glossary supply chain management a3 method. Supply chain and logistics terms and glossary iwla. Management then selects one scenario to use as the official plan.
The glossary of terms provides you with a comprehensive listing of current logistics and supply chain management terms along with their descriptions. Note that it is easier to deduce the abbreviation from a phrase. Publications hamburg international conference of logistics. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Architecture, design and vision vikas misra university of petroleum and energy studies, dehradun, india m. A regulatory audit will obtain independent verification of financial and other information reported to regulators. Examples and lessons from some of the worlds most successful businesses, including compaq, fujitsu and staples, and ideas from the smartest thinkers. Introduction to supply chains what is supply chain management.
The information contained in this listing was gathered from global supply chain leaders. Find materials for this course in the pages linked along the left. This number is used to determine your freight class. This glossary was originally compiled in conjunction with a course on logistics and supply chain management at the university of chicago.
For bearbuy technical support, howto help or questions regarding basic purchasing, contact the it service desk at 415 5144100 option 2 or email protected or visit our bearbuy frequently asked questions page. Logistics and supply chain management glossary descartes. Well, i hope we all enjoyed the supply chain interview questions, and have learned a thing or two about supply chain. Fast track route to understanding supply chain management covers the key areas of supply chain management from inventory management and logistics to justintime manufacturing and justintime shipping. Glossary, dictionary, terminology, supply chains, operations management entries tend to be arranged according to their abbreviation. Integration of these elements is the foundation for an agile supply chain. It is used to help extend and ensure the shelf life of products such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals and pharmaceutical.
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