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Supply chain surplus can be calculated by the following formulae: Supply chain surplus = Revenue generated from a customer - Total cost incurred to produce and deliver the product. Supply chain surplus = Customer Value - Supply Chain Cost. [5] These terms were coined by Sunil Chopra, of the Kellogg School of Management and Peter Meindl, of ...
Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [ 1] Essentially, global supply chain -management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.
A supply chain, sometimes expressed as a "supply-chain", [ 1] is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [ 2] to end consumers [ 3] or end customers. [ 4] Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most ...
Supply-chain management (SCM) has become increasingly relevant in theory and practice in light of more-complex supply chains. The SCM performs extensive operational tasks, including supply-chain controlling. Seuring transfers the three main concepts of German supply chain-controlling literature into the specific demands of SCM:
Online access. Online archive. The Journal of Supply Chain Management is a quarterly peer-reviewed academic journal that was established in 1965. The journal covers supply chain management, operations management, marketing, strategic management, and social network analysis. It is published by Wiley-Blackwell and the editors-in-chief are Wendy L ...
Institute for Supply Management (ISM) is the oldest, and the largest, supply management association in the world. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with a keen interest in supply management, providing them education, training, qualifications, publications, information, and research.
Electric vehicle supply chain. Electronic bill payment. Engineer to order. Enterprise resource planning. Entry visibility. Equipment service management and rental. Ethical Trading Initiative. Extended enterprise.
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