Outlook
Lecture 01 provides you with an overview about the foundations of Supply Chain Management.
Supply chain management “…encompass[es] the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly it also includes coordination and collaboration with channel partners […]. In essence, supply chain management integrates supply and demand management within and across companies.”
After attending this lecture you should be able to:
- describe what supply chain management is
- understand the meaning of logistics and procurement
- know the terms, definitions, objectives and tasks of logistics