The Basics Behind the Supply Chain Backlog. For the SCM Beginner.
This video helps to explain the basics of why the supply chain backlog is constantly in the news. This is a great video for the supply chain beginner who wants to get a foundation of why supply chain causes disruptions in the supply of goods. Please feel free to recommend resources to help people understand the basics of supply chain?
“What are supply chain basics?”
The supply chain is the network of organizations, people, activities, information, and resources involved in the production, handling, and distribution of goods and services. Supply chain management is the process of planning, organizing, and coordinating the various activities and resources involved in the supply chain to ensure that goods and services are delivered to customers in a timely and cost-effective manner.
Here are some basic concepts and practices that are central to supply chain management:
- Procurement: Procurement refers to the process of acquiring goods and services from external suppliers. This includes identifying and selecting suppliers, negotiating terms and conditions, and placing orders.
- Production: Production involves the transformation of raw materials into finished goods. This may include manufacturing, assembly, and other processes.
- Distribution: Distribution involves the transportation of goods from the point of production to the point of consumption. This may include warehousing, transportation, and logistics.
- Inventory management: Inventory management involves the tracking and management of inventory levels to ensure that goods are available when needed and that inventory costs are minimized.
- Supply chain planning: Supply chain planning involves the forecasting of demand for goods and services, and the development of strategies and plans to meet that demand in a timely and cost-effective manner.
Overall, supply chain management involves the coordination of a wide range of activities and resources to ensure that goods and services are delivered to customers in a timely and cost-effective manner.
Supply Chain Resources
- Best Continuous Improvement Quotes.
- Free Supply Chain Education.
- Get a Job in SCM.
- Learn to Innovate Supply Chain in an Hour.
- Need Supply Chain Training? Try these resources.
- Post COVID-19 Supply Chain Management.
- SCM Challenges: Ports Face Record Backlog.
- Supply Chain Collaboration Resources on Social Media.
- Supply Chain Quotes: Take it to the next level.
- What is Supply Chain Management?
SCM and Logistics Quotes
- “If you don’t have an essential item that puts people into chaos. What happens if the coffee runs out in the morning? Simple but you get the picture.” ~Dave Waters
- “Products can be easily copied. But a supply chain can provide a true competitive advantage.” ~Yossi Sheffi
- “85% of the reasons for failure to meet customer expectations are related to deficiencies in system and processes…rather than the employee.” ~W. Edward Deming
- “Residential drone delivery is being tested by a variety of companies. From delivering packages to delivering pizza, drone delivery is in the near future.” ~SupplyChainToday.com.
- “The Business Schools reward complex behaviors more than the simple behaviors, but simple behavior is more effective.” ~Warren Buffett
- “Whoever would have thought people would greatly care about the supply chain of toilet paper.” ~Dave Waters
- “You will not find it difficult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.” ~General Dwight D. Eisenhower
- “Supply chains are everywhere. From the biggest company in the world to running your household. We all have supply chain experience even if we don’t know it.” ~ EverythingSupplyChain.com
- “Supply Chain is like nature, it is all around us.” ~ Dave Waters
