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, CHAPTER 1
LEARNING OBJECTIVES
You should be able to:
• Describe a supply chain and define supply chain management.
• Describe the objectives and elements of supply chain
management.
• Describe local, regional, and global supply chain management
activities among services and manufacturing companies.
• Describe a brief history and some of the trends of supply chain
management.
• Understand how the bullwhip effect impacts supply chain
members.
• Introduction
• Supply Chain Management Defined
• The Importance of Supply Chain Management
• The Origins of Supply Chain Management in the U.S.
• The Foundations of Supply Chain Management
• Current Trends in Supply Chain Management
A supply chain consists of the flow of products and
services from:
Raw materials manufacturers
Component and intermediate manufacturers
Final product manufacturers
Wholesalers and distributors and
Retailers
Connected by transportation and storage activities, and
Integrated through information, planning, and integration
activities
Many large firms are moving away from in-house
Vertically Integrated structures to Supply Chain
Management
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