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Encyclopedia > Supply chain

A supply chain, logistics network, or supply network is a coordinated system of organizations, people, activities, information and resources involved in moving a product or service in physical or virtual manner from supplier to customer. The entities of a supply chain typically consist of manufacturers, service providers, distributors, sales channels (e.g. retail, ecommerce) and consumers (end customers). Supply chain activities (aka value chains or life cycle processes) transform raw materials and components into a finished product that is delivered to the end customer. Supply chain links value chains. Look up Logistics in Wiktionary, the free dictionary. ... Antonym of psychical. ... The virtual is a concept applied in many fields with somewhat differing connotations, and also denotations. ... A supply chain, logistics network, or supply network is a coordinated system of organizations, people, activities, information and resources involved in moving a product or service in physical or virtual manner from supplier to customer. ... A customer is someone who makes use or receives of the products or services of an individual or organization. ... Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ... distributor cap rotor In the ignition system of an internal combustion engine, the distributor is a device which routes the high voltage in the correct firing order to the spark plugs. ... Drawing of a self-service store. ... Electronic commerce or e-commerce consists of the buying, selling, marketing, and servicing of products or services over computer networks. ... Consumers are individuals or households that consume goods and services generated within the economy. ... The value chain was described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance, New York, NY The Free Press. ... material is the substance or matter from which something is or can be made, or also items needed for doing or creating something. ...


There are a variety of supply chain models, which address both the upstream and downstream sides.


The primary objective of supply chain management is to fulfill customer demands through the most efficient use of resources, including distribution capacity, inventory and labor. To meet Wikipedias quality standards, this article or section may require cleanup. ... In business management, inventory consists of a list of goods and materials held available in stock. ...


Several companies choose to outsource their supply chain management by partnering with a 3PL, Third-party logistics provider. 3PL stands for third-party logistics provider, any firm that specializes in providing logistics services and which is independent from the manufacturers logistics division. ... A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or third party logistics services to companies for part or sometimes all of their supply chain management function. ...


Literature

Rolf G. Poluha: Application of the SCOR Model in Supply Chain Management. Youngstown, NY 2006, ISBN: 1-934043-10-9.


External links

  • Advanced Planning Systems, Optimisation
  • Inventory Management, Service Levels, Safety Stock Optimization
  • eLogistics TrendwatcH: a free Internet Weblog Service which leads you to interesting news in Logistics and Supply Chain Management

See also


  Results from FactBites:
 
Supply Chain Management Review (973 words)
Supply Chain Management Review's Resource Center is the supply chain professional's guide to the most authoritative information available for managing and developing your supply chain.
Supply Chain Management Revue has partnered with BuyerZone.com to bring you a free Request for Quotes service on hundreds of products, including time clocks, metal buildings and security systems.
Supply Chain Management Review is an executive-level publication dedicated to the art and science of moving goods to market.
Supply chain - Wikipedia, the free encyclopedia (206 words)
A supply chain, logistics network, or supply network is a coordinated system of organizations, people, activities, information and resources involved in moving a product or service in physical or virtual manner from supplier to customer.
Supply chain activities (aka value chains or life cycle processes) transform raw materials and components into a finished product that is delivered to the end customer.
The primary objective of supply chain management is to fulfill customer demands through the most efficient use of resources, including distribution capacity, inventory and labor.
  More results at FactBites »

 
 

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