Chapter Name: Driving optimum supply chain management
Description:This chapter covers the principles of supply chain management, including supplier selection, logistics, and distribution strategies, tailored for the retail sector.
Purpuse:To equip learners with the skills to manage and optimize the retail supply chain, ensuring timely delivery of products and cost efficiency.
Rational:An optimized supply chain enhances product availability, reduces costs, and improves overall customer satisfaction.
Chapters Topics
Definitions and terminologies associated with supply chain management
Provides an overview of key supply chain management terms and concepts, including procurement, logistics, inventory management, and distribution, to establish a common understanding for effective communication and decision-making.
The supply chain elements and core processes
Breaks down the components of a supply chain, such as suppliers, manufacturers, warehouses, and retailers, and examines core processes like sourcing, production, and delivery that add value to the end product.
Logistics as a core component of supply chain management
Highlights the role of logistics in managing the flow of goods, services, and information from point of origin to point of consumption, ensuring timely delivery and customer satisfaction.
Evolution of supply chain management and leading practices in creating and optimising the supply chain
Traces the development of supply chain management from traditional methods to modern practices, emphasizing the adoption of technology, collaboration, and sustainability to enhance efficiency and competitiveness.