University:
California State University, Northridge
Course:
SOM 416 | Supply Chain Management
Academic year:

2024
Views:

206

Pages:

3
Author:

Melani F.

Lecture note "Key Strategies for Optimizing a Global Supply Chain in Today's EverChanging Business Landscape" Title: Key Strategies for Optimizing a Global Supply Chain Introduction: - Supply Chain in the Modern Business Landscape - Definition and Scope of Supply Chain Management - The Globalization Challenge - The Need for Optimization Chapter 1: Understanding the Global Supply Chain - Components of a Global Supply Chain - Suppliers - Manufacturers - Distributors - Retailers - The Role of Information Flow - Challenges in Global Supply Chain Management - Distance and Time Zones - Cultural Differences - Regulatory Compliance - Security Concerns Chapter 2: Key Strategies for Optimization 2.1 Supply Chain Network Design: - Assessing the Current Network - Identifying Optimization Opportunities - Considerations for Network Design - Cost Efficiency - Customer Service - Risk Mitigation - Case Study: Reconfiguring a Global Supply Chain Network 2.2 Demand Forecasting and Inventory Management: - The Importance of Accurate Demand Forecasting - Inventory Management Strategies - Just-In-Time (JIT) - Safety Stock - ABC Analysis - The Role of Technology in Forecasting and Inventory Control 2.3 Supplier Relationship Management (SRM): - Supplier Selection Criteria - Building Strong Supplier Relationships - Collaborative Forecasting and Planning - Risk Mitigation in Supplier Relationships 2.4 Technology and Data Analytics: - The Role of Technology in Supply Chain Optimization - Big Data Analytics for Supply Chain - Real-time Monitoring and Tracking - Case Study: Implementing IoT and Data Analytics 2.5 Sustainability and Ethical Considerations: - Sustainability in Supply Chain Management - Reducing Environmental Impact - Social Responsibility - Ethical Considerations in Global Supply Chains - Case Study: Sustainable Supply Chain Practices 2.6 Resilience and Risk Management: - Supply Chain Risk Assessment - Developing a Resilient Supply Chain - Scenario Planning and Risk Mitigation - Case Study: Building Resilience in a Global Supply Chain Chapter 3: Implementing Optimization Strategies 3.1 Change Management: - Overcoming Resistance to Change - Communicating Strategy Changes - Employee Training and Development - Monitoring and Feedback 3.2 Performance Metrics and KPIs: - Key Performance Indicators (KPIs) for Supply Chain Optimization - Continuous Improvement - Benchmarking Against Industry Standards 3.3 Technology Integration: - Selecting the Right Supply Chain Software - Integrating Systems for Seamless Data Flow - Leveraging Automation and AI - Case Study: Successful Technology Integration Conclusion: - The Ongoing Evolution of Global Supply Chains - The Importance of Adaptability - Staying Competitive in the Ever-Changing Business Landscape