Module6 Supplychain: Global Economy
Example
Begin by reading the First activity in Module 5 and the material immediately below. You should also review the supply chain PowerPoint in Module 5. Although Wikipedia should be used cautiously, in this case their SCM article may be helpful. https://en.wikipedia.org/wiki/Supply_chain_management
The global economy, advanced planning techniques, and technology have changed what we once called “logistics” into the science of SCM. SCM is managing both the upstream (where a firm finds materials and supplies) and the downstream (where it sells and/or ships products) “chain” of suppliers, sellers and partners. Some firms, such as Wal–Mart owe much of their success to SCM and logistics. Wal–Mart is considered a world leader in managing their supply chainusing advanced logistics and IT systems. A major change in SCM is the emergence of “third–party logistics suppliers” aka “3PL” firms. The most widely known of these is UPS, whose new tagline is “what can Brown do for you” focuses not on delivering packages, but on SCM.