7.0 Learning Outcomes
Learning Objectives
At the end of this chapter, students will be able to:
- Explain the fundamental concepts of supply chain management and its significance in fulfilling customer demands efficiently.
- Explain the material/goods flow, cash flow, and information flow within a supply chain and discuss their significance in maintaining efficient operations.
- Identify and explain the four key elements of supply chain management: supply management, internal operations management, distribution management, and integration management.
- Analyze different supply chain design strategies and assess how companies balance efficiency and responsiveness based on customer needs.
- Evaluate various inventory management practices and justify the reasons for maintaining different types of inventory within a supply chain.
- Compare different modes of transportation and discuss how companies choose the most appropriate mode for various types of shipments.
- Explain the role of technologies such as EDI, barcodes, QR systems, and RFID in enhancing supply chain operations and improving data capture and inventory management.
- Discuss collaborative practices like Vendor Managed Inventory (VMI) and Collaborative Planning Forecasting and Replenishment (CPFR) and their benefits for optimizing supply chain performance.
- Identify and explain the elements of socially responsible supply chain management by embracing ethically, socially, and environmentally sustainable practices along with economic gain.
