Supply Chain Management Lecture (Six Hour Course)

This supply chain management lecture is a great resource to get a full understanding of SCM. The overall aspects of supply chain include:

Planning: The planning stage of supply chain management involves developing a strategy for the supply chain. This strategy should consider factors such as demand forecasting, supplier selection, and production schedules.
Sourcing: The sourcing stage of supply chain management involves identifying and selecting suppliers for raw materials and components. This is an important stage because the quality of the raw materials and components will have a direct impact on the quality of the finished product.
Procurement: The procurement stage of supply chain management involves ordering and receiving raw materials and components from suppliers. This is a complex process that involves coordinating with suppliers, managing inventory levels, and ensuring that products are delivered on time and in good condition.
Production: The production stage of supply chain management involves manufacturing the product using the raw materials and components. This stage can be complex and involve a variety of different processes, depending on the product being manufactured.
Warehousing: The warehousing stage of supply chain management involves storing the finished product until it is ready to be shipped to customers. This involves managing inventory levels, ensuring that products are stored in a safe and secure environment, and tracking the movement of products.
Distribution: The distribution stage of supply chain management involves transporting the finished product to customers. This can involve a variety of different transportation modes, such as trucks, trains, ships, and airplanes.
Returns: The returns stage of supply chain management involves handling returned products from customers. This can involve repairing or refurbishing products, reselling products, or disposing of products.

Supply chain management is a complex process that involves coordinating many different activities. By understanding the different aspects of supply chain management, businesses can improve their efficiency and reduce costs.

In addition to the above aspects, supply chain management also includes the following:

Risk management: This involves identifying and mitigating risks to the supply chain, such as disruptions from suppliers, transportation delays, and natural disasters.
Sustainability: This involves developing and implementing sustainable supply chain practices, such as reducing waste, using renewable energy, and supporting ethical labor practices.
Transparency: This involves sharing information with supply chain partners and customers to improve visibility and collaboration.

By effectively managing all of these aspects, businesses can create a more efficient, sustainable, and transparent supply chain.

Supply Chain Quotes

“All we are doing is looking at the timeline from the moment a customer gives us an order to the point we collect the cash. And we are reducing that timeline in the value stream by removing non value-added wastes.” ~Taiichi Ohno
“The best supply chain companies are always evolving.” –Dave Waters
“At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We’re known for operating in a very efficient way and then giving those savings to customers.” ~Mike Duke, former CEO Walmart
“Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” ~Tom Peters
“Those in supply chain know the impossible is possible.” ~Dave Waters
“In 30 years, a robot will likely be on the cover of time magazine as the best CEO. Machines will do what human beings are incapable of doing. Machines will partner and cooperate with humans, rather than become mankind’s biggest enemy.” ~Jack Ma, founder of Alibaba
“The supply chain stuff is really tricky.” ~Elon Musk
“Self-driving vehicles automatically choosing the most efficient route… Artificial intelligence will dramatically improve logistics.” ~Dave Waters
“Gentlemen, the officer who doesn’t know his communications and supply as well as his tactics is totally useless.” ~General George S. Patton