Tài liệu tiếng Anh (cao học) Chapter 1 Professional supply management

Tài liệu tiếng Anh (cao học) Chapter 1 Professional supply management, dành cho cao học

Key Concepts

Supply Chain Management Defined

Bottom Line

Investment

What Is a Profession?

often long and intensive preparation

well as in the scientific, historical, or scholarly

principles underlying such skills and methods,

opinion high standards of achievement and

conduct,

and to a kind of work which has for its prime

purpose the rendering of a public service.

(Source: Webster's Third International Edition)

Purchasing: A Dynamic Profession

foundation?

render a public service?

Six Key Business Functions (Supply Management’s Role in Business)

based on research and development

planning and control function

relations function

services, and equipment

economic goods and services

and services produced

Evolution of Purchasing Function

Supply Management

Sourcing

Strategic Sourcing

you're purchasing from inside and out…

your suppliers' organizational processes,…

your organization,…

improve relationships.

improvement process work from each

organization

Four Principles of Strategic Sourcing

between purchaser and suppler,

understanding of the supplier's economics and

business dynamics,

optimize the economic relationship for both

purchaser and suppliers, and

so the purchaser achieves not only a near-term

measurable performance improvement but also

the ability to continuously improve

Four Step Process of Implementation

dynamics of the team's assigned

commodity;

suppliers' capabilities;

with suppliers and develop action plans to

build the required infrastructure;

continuous improvement

Increasing Importance of Purchased Materials

Man/Womanpower, Material, Money, Management

– As a percentage of the cost of goods sold

(and horse) labor over the last 150 years

management

Power Source Relationships: The Reduction of

Labor Content in Products

Key

Supply Management and the Bottom Line

percentage of the cost of goods sold.

core competencies.

purchase something they had been making

in-house.

considered a dollar increase in profit

Supply Management’s Impact on Net

Income and the Bottom Line

Figure 1-2

Return on Investments 10.0%

Asset turnover rate 1.25

Multiply

Cash

$300,000

Account receivable

($1,075,000) ($475,000)

(13.0%)

What if we decrease materials cost

$3,800,000

Minu s

Plus

Supply Management and Return on Investment

Figure 1-3

The Impact on ROI of Reducing Materials Costs

vs Increasing Sales

generated by increasing sales, what sales

increase would be required?

following calculation provides the

answer…

The Impact on ROI of Reducing Materials Costs

vs Increasing Sales

match the profit increase generated by a

5% reduction in materials cost

A Definition of Supply Chain Management

approaches utilized to efficiently integrate

suppliers, manufacturers, warehouses, and

stores,…

distributed at the right quantities, to the right locations, and at the right time,…

Source: Simchi-Levi, Kaminsky, and Simchi-Levi, Designing

The Supply Chain

Mother Earth

Original Equipment Manufacturers (OEM)

Extractors Miners Harvesters

Converters (suppliers)

Figure 1-4

Materials and Service

Information/Funds/Relationships

The Value Chain

Mother Earth

Original Equipment Manufacturers (OEM)

Extractors Miners Harvesters

Converters (suppliers)

Marketers Distributor s

End Customer (the source

of funds)

Figure 1-5

Materials and Service Information/Funds/Relationships

The Supply and Value Networks

communication systems and alliances.

deliver:

The Extended Enterprise

collaborate in partnership (alliance)

fashion, this is sometimes referred to as a

strategic network, virtual corporation, or

extended enterprise

as partners and collaborate effectively for

the good of the larger group, then they

leave established an extended enterprise

characterized by virtual integration

Implementing Strategic SCM

Figure 1.6

Concluding Remarks

Management and a basic activity common

to all organizations.

overwhelming impact on the firm’s bottom

line giving organizations a competitive

edge.

career opportunities

END