Summary: Scm

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• 1 scm

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• What are porters of the value chain- Primary processes - support processes 

  ·Primary processes
  oInbound logistics
  oOperation
  oOutbound logistics
  oMarketing & sales
  oService
  ·Support processes
  oFirm infrastructure
  oHuman resource management
  oTechnology development
  oProcurement

• Supply chain integration/collaborationcollaboration internally

  oincrease collaboration among the company’s functional groups. 

• Supply chain integration/collaborationbackward process integration

  collaboration with the first-tier key suppliers, coordinated through purchasing. 

• Supply chain integration/collaborationforward integration

  ocollaboration with first-tier key customers coordinated through marketing. 

• Supply chain integration/collaborationcollaboration with both key suppliers and customers/end to end collaboration

  ofrom the suppliers’ supplier to the customers’ customer. Theoretical ideal but rare 

• Def. Focal company perspective 

  From the focal company there are several ties to other companies: suppliers and customers. From these suppliers there are suppliers for the suppliers and from the customers there are customers from the customers. And so forth until the initial suppliers and the end-customers.

• Advantages of supply chain collaboration 

  oIncreased customer responsiveness
  oShorter order fulfilment lead times and reduced inventory costs
  oReduced transaction costs
  oMore grip on quality, safety and sustainability of products
  oBranding
  oFaster (joint) innovation 

• 3 theories of strategic thinking:Contingency theory

  orelationship between a changing environment, managerial decision making, and performance. Managers need to recognize the implications of a changing environment and use company resources to respond effectively. This contingent response determines how well a company adapts to a dynamic world. 

• 3 theories of strategic thinking:Industrial organization theory

  omarket forces should drive decision making. A firms power to influence the market is determined by power held by the 5 forces (substitutes, buying power, supplier power, threat of new entrants and existing rivals). 

• 3 theories of strategic thinking:Resource-based theory

  oemphasizes the management of internal resources to establish a hard-to-imitate advantage. Focus on building organizational skills and processes that enable a company to deliver distinctive products and services.