Korn Ferry is a global organizational consulting firm synchronizing strategy talent to drive superior performance for our clients. Skip to main content. The operations Decision Sciences includes a major , supply management program offered by the Department of Management Information Systems, Operations Management supply management ( OPS). And registered as a Company limited by guarantee in England & Wales No.
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Supply- Chain Management ( SCM), techniques with the aim of coordinating all parts of SC from supplying raw materials to delivering and/ or resumption of products, tries to minimize total costs with respect to existing conflicts among the chain partners. An example of these conflicts is the interrelation between the sale department desiring to have higher inventory levels to fulfill. If we consider forward and reverse supply chains simultaneously, the result network will construct a closed- loop supply chain.
1 illustrates a generic supply chain for both forward and reverse logistics. In this figure, the classical ( forward), and reverse supply chains are.
Supply- chain operations reference ( SCOR) model is a process reference model developed and endorsed by the Supply Chain Council as the cross- industry, standard diagnostic tool for supply chain management. The SCOR model describes the business activities associated with satisfying a customer' s demand, which include plan, source, make, deliver, return and enable. To gain cost advantage and market share, many firms implemented various initiatives such as outsourced manufacturing and product variety.
These initiatives are effective in a stable environment, but they could make a supply chain more vulnerable to various types of disruptions caused by uncertain economic cycles, consumer demands, and natural and man- made disasters. Improve the competitiveness of your business with ITC’ s Supply Chain Management programme. Information The challenges related to globalization, the environment and technology, among others, have a direct impact on how successfully enterprises can manage their supply chains.