Editing User:Jukeboksi/BBA studies/Logistics and SCM


== Logistics ==
{{Q|'''Logistics''' is the [[w:management|management]] of the flow of [[w:resources|resources]] between the point of origin and  in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, equipment, liquids, and staff, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, [[w:Materials management|material handling]], [[w:Production (economics)|production]], [[w:packaging|packaging]], [[w:inventory|inventory]], [[w:transportation|transportation]], [[w:warehousing|warehousing]], and often [[w:security|security]]. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation.|Wikipedia|[[w:Logistics|Logistics]]}}

{{Q|'''Logistiikka''' on materiaali-, raha- ja tietovirtojen hallintaan erikoistunut käytännönjohteinen tieteenhaara. Siinä käsitellään [[w:fi:yritys|yritysten]] ja laitosten materiaalivirran fyysistä, tiedollista ja taloudellista hallintaa hankinnasta [[w:fi:asiakas|asiakkaalle]] saakka.|Suomenkielinen Wikipedia|[[w:fi:logistiikka|logistiikka]]}}

A '''[[w:supply chain]]''' ( [[w:fi:Toimitusketju]] ) is a system of organizations, people, activities, information, and resources involved in moving a product or service from [[w:Vendor (supply chain)|supplier]] to [[w:customer]]. ( Wikipedia )

'''[[w:Mode of transport]]''' is a term used to distinguish substantially different ways to perform transport. ( Wikipedia )

'''[[w:Reverse logistics]]''' stands for all operations related to the reuse of products and materials. It is "the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. ( Wikipedia )

The '''[[w:waste hierarchy]]''' is a classification of [[w:waste management]] options in order of their environmental impact, such as: [[w:Reduce (waste)|reduction]], [[w:reuse]], [[w:recycling]] and [[w:Energy recovery|recovery]].


'''Mode of sea transport over time''': 
::''Sail - 
:::[[w:Steamship|Steamship (S/S)]]  ( approx. 1770 - early 1900's ) - 
::::[[w:Motor ship| Motor Ship ( M/S)]] - 
:::::[[w:Containerization]] ( 1960's) - 
::::::[[w:liquified natural gas|LNG powered ships]] ( 2010's )''

=== Notes from slides ===
A '''[[w:lead time|lead time]]''' is the [[:wikt:latency|latency]] (delay) between the initiation and execution of a process. ( Wikipedia )

A '''[[w:value chain|value chain]]''' is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable [[w:product (business)|product]] or [[w:Service (economics)|service]] for the [[w:Market (economics)|market]]. ( Wikipedia )

'''[[w:Value chain management capability|Value chain management capability]]''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its value chain. ( Wikipedia )

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== SCM ==
{{Q|'''Supply chain management''' ('''SCM''') is the management of an interconnected or interlinked between  network, channel and node [[w:business|business]]es involved in the provision of [[w:Product (business)|product]] and [[w:Service (economics)|service]] packages required by the end customers in a [[w:supply chain|supply chain]].|Wikipedia|[[w:Supply chain management|Supply chain management]]}}

{{Q|'''Toimitusketjun hallinta''' (Supply Chain Management, SCM) tarkoittaa tavaroiden toimituksen ja palveluketjun optimointia. Kaikkien toimitusketjun osapuolien; toimittajien, jakelijoiden, alihankkijoiden ym. liikekumppaneiden yhdistämistä ja koko ketjun tehokasta hallinnointia. Tavoitteena on lisätä kaikkien jäsenten välistä kommunikointia ja siten alentaa kustannuksia, lisätä myyntiä ja tehostaa asiakaspalvelua.
|Suomenkielinen Wikipedia|[[w:fi:Toimitusketjujen ja logistiikan hallintajärjestelmä|Toimitusketjujen ja logistiikan hallintajärjestelmä]]}}

=== Week 36 ===

* '''[[w:Raw material|Raw material]] [[w:Resource extraction|extraction]]''' and [[w:supplier|supply]]

* '''Component [[w:manufacturer|manufacturer]]s'''

* '''[[w:Final product|Final product]]''' manufacturers

* '''[[w:Reverse logistics|Reverse logistics]]''' is also needed in SCM ( already discussed in [[Logistics]] )

* '''[[w:Value chain management capability|Value chain management capability]]''' refers to an organisation’s capacity to manage the internationally dispersed activities and partners that are part of its [[w:value chain|value chain]]. ( Wikipedia )

::* '''[[w:Value chain|Value chain]]''' is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable [[w:product|product]] or [[w:Service (economics)|service]] for the [[w:market|market]]. ( Wikipedia )

'''4 strategic decisions'''

# What [[w:modes of transport]] to use ?
# What [[w:carrier|carrier]]s in each mode will the use ?
# Own [[w:fleet]] or hire outsiders ? ( [[w:private carrier|private carrier]] or [[w:common carrier]])
# Will the company manage transportation operations or [[w:Outsourcing|hire a 3rd party]] ?

* '''[[w:Just in time (business)]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:invent ory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia )

*'''[[w:Fleet vehicles|Fleet vehicles]]''' are groups of [[w:motor vehicle|motor vehicle]]s owned or leased by a business or government agency, rather than by an individual or family. Typical examples are vehicles operated by [[w:Car rental|car rental companies]], [[W:Taxicab|taxicab companies]], [[w:Public utility|public utilities]], public bus companies, and police departments. In addition, many businesses purchase or lease fleet vehicles to deliver [[w:good (economics)|goods]] to customers, or for sales representatives to travel to clients. ( Wikipedia )

* '''[[w:International]] logistics''' vs.
* '''[[w:Global sourcing|Global sourcing]]''' is the practice of [[w:sourcing|sourcing]] from the global market for goods and services across [[w:geopolitical|geopolitical]] boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. ( Wikipedia )

=== Week 39 ===
* '''[[w:Purchasing|Purchasing]]''' refers to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. ( Wikipedia )

* A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia )


World class purchasing must accomondate
* '''[[w:Total quality management|Total quality management]]''' / '''TQM''' is an integrative philosophy of management for continuously improving the [[w:Quality (business)|quality]] of products and [[w:business process|processes]]. ( Wikipedia )

* '''[[w:Just in time (business)|Just in time]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:inventory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia )