Supply Chain Management For Dummies

✍ Scribed by Daniel Stanton

• Publisher: For Dummies
• Year: 2023
• Tongue: English
• Leaves: 403
• Series: For Dummies (Business & Personal Finance)
• Edition: 3
• Category: Library

✦ Synopsis

Putting together all the links in the supply chain

Supply Chain Management For Dummies gives you the full rundown on what a supply chain is, how it works, how to optimize it, and the best education for a rewarding supply chain career. This new edition is fully updated for changes to the supply chain in a post-Covid world. You’ll learn about the latest supply chain technologies, analytics and data-based optimization, and new strategies for delivering on your organization’s promises. This approachable resource can take your supply chain management skills to the next level with step-by-step explanations, expert tips, and real-life examples. 

• Gain a foundational knowledge of issues in supply chain management 
• Learn about today’s global supply chains, plus trends like reshoring and near-shoring 
• Wrap your mind around how an organization’s moving parts can be coordinated in today’s high-tech world 
• Discover strategies for dealing with disruptions, focusing on diversity, and increasing resilience 

This For Dummies guide is great for entry-level supply chain professionals and anyone who needs an update on need-to-know concepts and recent changes in supply chain management. 

✦ Table of Contents

Title Page
Copyright Page
Table of Contents
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part 1 Getting Started with Supply Chain Management
Chapter 1 The Growing Demand for Supply Chain Management
Defining Supply Chain Management
Making Tough Business Decisions
Operating Under Supply Chain Management Principles
Customer focus
Systems thinking
Bimodal innovation
Collaboration
Flexibility
Technology
Global perspective
Risk management
Visibility
Value creation
Introducing Five Supply Chain Tasks
Creating Six Supply Chain Capabilities
Implementing the New Supply Chain Agenda
Chapter 2 Seeing Supply Chains from Different Perspectives
Managing Supply Chain Flows
Synchronizing Supply Chain Functions
Purchasing
Logistics
Operations
Connecting Supply Chain Communities
Designing Supply Chain Systems
Measuring Supply Chain Processes
Chapter 3 Evaluating Your Supply Chain Strategy
Prioritizing Supply Chain Goals
Step 1: Understand what customers value
Step 2: Recognize your competitors
Step 3: Understand your products or services
Commodities
Luxury goods
Fashion goods
Durable goods
Technology
Building the Right Supply Chain
Looking at Cost Drivers
Procurement costs
Transportation costs
Inventory costs
Quality costs
Dealing with Trade-Offs
Sales versus operations
Customer versus supplier
Engineering versus procurement
Inventory versus customer service
Inventory versus downtime
Procurement versus logistics
Part 2 Managing Supply Chain Processes
Chapter 4 Connecting Supply Chain Processes
Introducing the GSCF Framework
Introducing the APQC Process Classification Framework
Introducing the SCOR Model
Identifying the SIPOC Attributes
Chapter 5 Planning the Supply Chain
Balancing Supply and Demand
Recognizing Different Supply Chain Models
Aligning Resources with Requirements
Analyzing Your Customers
Planning Your Products
Planning Your Production Systems
Planning Your Delivery Systems
Planning for Returns
Chapter 6 Sourcing, Purchasing, and Procurement
Understanding Strategic Sourcing
Segmenting Your Supply Chain
Managing Total Costs
Minimizing input costs
Sourcing your inputs
Forecasting your demand
Insourcing, outsourcing, and offshoring
Managing Supplier Relationships
Managing Procurement Processes
Establishing Supply Contracts
Selecting contract terms
Selecting payment terms
Mitigating Supplier Risks
Dealing with supplier risks
Implementing supplier development
Increasing supplier diversity
Establishing Purchasing Ethics
Sustainable Sourcing
Chapter 7 Making Your Products or Services
Planning and Scheduling Production
Planning production
Setting a demand goal
Creating a production schedule
Finalizing the production schedule
Considering capacity
Design capacity
Operating capacity
Capacity utilization
Identifying Manufacturing Process Types
Operating a discrete manufacturing process
Operating a continuous manufacturing process
Choosing Your Production Environment
Make-to-stock
Make-to-order
Engineer-to-order
Implementing Quality Control and Quality Assurance
Considering the risks of poor quality
Controlling quality and variability
Chapter 8 Delivering Your Products or Services
Understanding Modes of Transportation
Pipeline
Cargo ship
Rail
Truck
Parcel
Air
Selecting Modes of Transportation
Managing Warehousing and Inventory
Receiving
Put-away
Inventory counts
Picking
Packing
Shipping
Yard management
Over, short, and damaged
Establishing Inventory Ordering Policies
Selecting Material Handling Equipment
Managing and Filling Orders
Maintaining Visibility of Shipments
Leveraging Third-Party Logistics
Optimizing Freight Audit and Payment
Chapter 9 Managing Product Returns and Reverse Supply Chains
Growing Revenue with Easy Returns
Processing Returns of New or Excess Products
Minor wear and tear
Damage or tampering
Substitution
Processing Returns of Used or Defective Products
Handling Unauthorized Returns and Fraudulent Products
Managing Trade-Ins
Engaging with the Reverse Logistics Community
Chapter 10 Enabling Your Supply Chain
Managing Your Business Rules
Managing Supply Chain Performance
Setting performance goals
Align your metrics with your customers
Share your metrics with your suppliers
Managing Your Assets
Labeling Your Products
Preventing Tampering
Addressing Supply Chain Security Issues
Ensuring physical security
Protecting supply chain information systems
Dealing with counterfeiting
Tackling regulatory compliance
Addressing unique product requirements
Leveraging Information Technology
Leveraging Human Resources
Mastering Project Management
Part 3 Using Technology to Manage Supply Chains
Chapter 11 Selecting Supply Chain Software
Understanding How Processes Evolve
Using Transportation Management Systems
Using Electronic Load Boards
Using Warehouse Management and Execution Systems
Using Demand Planning Systems
Using Material Requirements Planning Systems
Using Manufacturing Execution Systems
Using Distribution Requirements Planning Systems
Using Labor Management Systems
Using Customer Relationship Management Systems
Using Supplier Relationship Management Systems
Using Enterprise Resource Planning Systems
Using Supply Chain Modeling Software
Using Business Intelligence Software
Supply Chain Risk Management Software
Integrating Supply Chain Software
Leveraging Software Analysts
Anticipating the Future of Supply Chain Software
Chapter 12 Integrating Advanced Manufacturing into Your Supply Chain
Avoiding Obsolescence
Preparing for Industry 4.0
Capitalizing on Advanced Manufacturing
Automated manufacturing
Computer-aided design
3D printing
Automated Mobile Robots
Unmanned and Autonomous Vehicles
Chapter 13 Managing Digital Transformation in Supply Chains
Smart Industry Readiness Index
Digitalizing Products and Services
Prioritizing Cybersecurity
Integrating Planning, Execution, and Visibility
Creating Customer Centricity
Harnessing the Internet of Things, Big Data, and the Cloud
Connecting with Social Media
Retooling for Omnichannel
Employing Artificial Intelligence
Sharing with Blockchains
Digital Supply Networks
Preparing for Quantum Computers
Chapter 14 Adopting Supply Chain Metrics
Establishing Process Metrics
Understanding Metrics
Identifying Performance Attributes
Understanding SCOR Metrics
Reliability
Responsiveness
Agility
Cost
Asset management efficiency
Optimizing Operational Metrics
Supplier metrics
Procure to pay metrics
Purchase price variance
Customer service metrics
Capacity, throughput, and yield metrics
Formalizing Financial Metrics
Financial statements
Accounts payable metrics
Total spend metrics
Savings metrics
Perfecting People Metrics
Engagement metrics
Productivity and efficiency metrics
Turnover metrics
Safety metrics
Solidifying Sustainability Metrics
Consumption metrics
Waste metrics
Chapter 15 Building Supply Chain Analytics
Examining the Four Levels of Analytics
The Rise of Big Data, Sensors, and the Internet of Things
Building Your Analytics Toolkit
Outline of an Analytics Plan
Define your theory of the problem or opportunity
Acquire relevant data
Clean, structure, and filter the data
Query the data and test your theory
Look for patterns
Correlation, Causation, and Interpolation
Simulation and Optimization
Simulation
Optimization
Scenario Planning
Scorecards, Dashboards, and Control Towers
Interpreting Analytics Results
Finding Useful Analytics Data
Part 4 Driving Value with Supply Chain Management
Chapter 16 Improving Your Supply Chain Processes
Designing Your Network
Improving and Innovating Processes
Lean
Six Sigma
Step 1: Define
Step 2: Measure
Step 3: Analyze
Step 4: Improve
Step 5: Control
Theory of Constraints
Introducing New Products
Structuring Supply Chain Projects
Managing cross-functional project teams
Authority and influence
Communication
Prioritization
Creating cross-functional project plans
Creating a RACI matrix
Designing project scorecards
Using the DIRECT framework
Define the objective
Investigate the options
Resolve to a course of action
Execute the plan
Change the system
Transition the people
Adopting Agile project methods
Chapter 17 Optimizing Your Supply Chain
Improving Transparency and Visibility
Deploying Demand Shaping
Performing Postponement
Reviewing Sourcing Regions
Reducing Stock-Keeping Units
Optimizing Inventory
Incorporating Vendor-Managed Inventory
Adjusting Payment Terms
Using Supply Chain Finance
Controlling the Bullwhip Effect
Sharing information with your partners
Reducing and aligning lot sizes
Managing promotions
Starting with Small Improvements
Creating Sandboxes
Investing in Innovation
Chapter 18 Improving Supply Chain Resilience
Challenging Assumptions about the Future
Understanding the Stages of Supply Chain Disruption
Building Supply Chain Resilience
Mapping Your Supply Chain
Identifying Risks
Classifying Risks
Scoring Risks
Managing Risks
Accepting the risk
Transferring the risk
Avoiding the risk
Mitigating the risk
Getting Ahead of Disruptions
Applying Gartner’s Strategies for Supply Chain Resilience
Handling a Crisis
Chapter 19 Boosting Supply Chain Sustainability
Understanding Environmental, Social, and Governance Goals
Making Measurable Improvements
Reducing Greenhouse Gases
Reducing Manufacturing Waste
Adopting Renewable Materials
Leather
Cotton
Adopting Renewable Energy
Nuclear power
Hydrogen
Electric vehicles
Addressing Social Impacts
Creating Circular Supply Chains
Adopting Sustainability Software
Part 5 Building Your Supply Chain Management Career
Chapter 20 Selecting a Supply Chain Career
Doing Your Homework
Examining Supply Chain Career Categories
Associates
Technicians
Planners and analysts
Engineers
Supervisors
Managers
Sales representatives
Product managers
Customer success managers
Project managers
Information technology managers
Executives
Journalists
Educators
Humanitarian supply chain professionals
Chapter 21 Pursuing Supply Chain Education
Earning Certificates and Certifications
Association for Supply Chain Management
Certified in Planning and Inventory Management (CPIM)
Certified in Logistics, Transportation and Distribution (CLTD)
Certified Supply Chain Professional (CSCP)
Council of Supply Chain Management Professionals
Institute for Supply Management
Certified Professional in Supply Management (CPSM)
Certified Professional in Supplier Diversity (CPSD)
American Society for Quality (ASQ)
Institute of Industrial & Systems Engineers (IISE)
The International Society of Logistics (SOLE)
Demonstrated Logistician (DL)
Certified Master Logistician (CML)
Certified Professional Logistician (CPL)
Project Management Institute
The Futurist Institute
Council of Logistics Engineers Professionals (CLEP)
Demand Driven Institute (DDI)
Reverse Logistics Association (RLA)
Sourcing Industry Group (SIG)
Warehouse Education and Research Council (WERC)
International certifications
African Centre for Supply Chain (ASCS)
Chartered Institute for Logistics and Transport (CILT)
Chartered Institute for Procurement and Supply (CIPS)
Canada’s Logistics Association (CITT)
International Supply Chain Education Alliance (ISCEA)
SAPICS
Supply Chain and Logistics Association of Australia (SCLAA)
Supply Chain Canada
Earning Degrees and Diplomas
Undergraduate degrees
Graduate degrees
Exploring Online Education Options
Traditional online programs
MITx MicroMasters in Supply Chain Management
Arizona State University Online MS-SCM
Online and hybrid masters programs
Coursera
LinkedIn Learning
Udemy
YouTube
Playing Supply Chain Games
The Beer Game
Inchainge
Following Supply Chain Media
Teaching Kids About Supply Chain Management
Part 6 The Part of Tens
Chapter 22 Ten Questions to Ask about Your Supply Chain
Who Are Your Key Customers?
What Do Your Customers Value?
How Could Your Supply Chain Create More Value?
How Do You Define Supply Chain Management?
What Information Do You Share with Suppliers?
How Do You Compare with Competitors?
What Changes Could Increase Revenue?
What Changes Could Lower Costs?
What Is Happening Around You?
What Opportunities Are We Missing?
Index
EULA