Chapter 15 - Supply chain management. This chapter explain the terms supply chain and logistics; name the key aspects of supply chain management; list, and briefly explain, current trends in supply chain management; outline the benefits and risks related to outsourcing;. | Supply Chain Management Chapter 15 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. You should be able to: LO Explain the terms supply chain and logistics LO Name the key aspects of supply chain management LO List, and briefly explain, current trends in supply chain management LO Outline the benefits and risks related to outsourcing LO Explain what the main supply chain risks are, and what businesses can do to minimize those risks LO Describe some of the complexities related to global supply chains LO Briefly describe the ethical issues in supply chains and the key steps companies can take to avoid ethical problems LO Describe the three concerns of small businesses related to the supply chain and suggest ways to manage those concerns LO List several strategic, tactical, and operational responsibilities related to managing the supply chain | Supply Chain Management Chapter 15 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. You should be able to: LO Explain the terms supply chain and logistics LO Name the key aspects of supply chain management LO List, and briefly explain, current trends in supply chain management LO Outline the benefits and risks related to outsourcing LO Explain what the main supply chain risks are, and what businesses can do to minimize those risks LO Describe some of the complexities related to global supply chains LO Briefly describe the ethical issues in supply chains and the key steps companies can take to avoid ethical problems LO Describe the three concerns of small businesses related to the supply chain and suggest ways to manage those concerns LO List several strategic, tactical, and operational responsibilities related to managing the supply chain LO Discuss procurement in terms of the purchasing interfaces, the purchasing cycle, ethics, and centralized versus decentralized decision making LO Briefly describe the key aspects of supplier management LO Discuss the logistics aspects of supply chain management, including RFID technology LO Discuss the issues involved in managing returns LO Describe some of the challenges in creating an effective supply chain and some of the trade-offs involved Chapter 15: Learning Objectives Supply Chain: the sequence of organizations - their facilities, functions, and activities - that are involved in producing and delivering a product or service Logistics: the part of a supply chain involved with the forward and reverse flow of goods, services, cash, and information. Supply Chain LO The goal of SCM is to match supply to demand as effectively and efficiently as possible Key issues: Determining appropriate levels of outsourcing Managing procurement Managing .
