Organization - Formal collection of people and other resources established to accomplish a set of goals.
- A system
- Constantly uses money, people, materials, machines, and other
equipment, data, information and decisions.
Supply Chain - Series of activities that includes inbound logistics and warehouse and storage.
Supply chain management (SCM): Derermines
- What supplies are required for value chain
- What quantities should be processed into finished goods and services.
- How supplies should be processed into finished goods and services.
- How shipment of supplies and products to customers should be scheduled, monitored, and controlled.
The value chain of a manufacturing company