TAILIEUCHUNG - Lecture Principle of inventory and material management - Lecture 2
The wealth of a country is measured by its gross national product—the output of goods and services produced by the nation in a given time. Goods are physical objects, something we can touch, feel, or see. Services are the performance of some useful function such as banking, medical care, restaurants, clothing stores, or social services. But what is the source of wealth? It is measured by the amount of goods and services produced, but where does it come from? Lecture 2 - Introduction to Materials Management. | Lecture 2 Introduction to Materials Management Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, ., CFPIM, CIRM, Fleming College, Emeritus, Stephen N. Chapman, ., CFPIM, North Carolina State University, Lloyd M. Clive, ., CFPIM, Fleming College Operations Management for Competitive Advantage, 11th Edition, by Chase, Jacobs, and Aquilano, 2005, .: McGraw-Hill/Irwin. Operating Environment Government Economy Competition Quality Order qualifiers Order winners Delivery Lead Time Engineer to order Make to order Assemble to order Make to stock Supply Chain Concepts 1970’s JIT (Toyota) 1980-90’s Enterprise Resource Planning (ERP) Currently Supply Chain Management (SCM) Flow of Materials, information, and $$$$$$ Suppliers’ Suppliers Direct Suppliers Producer Distributor Final Consumer Conflicts in Traditional Systems Four Main Objectives to get most Profit: Provide best customer service Provide lowest production costs Provide lowest inventory .
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