Hello there!
I am pretty sure you enjoyed the weekend.
Onward to the business of the day, I mentioned in my last
post…I would prefer to call it episode. I mentioned in my last episode that I would
be sharing on the 4 main flows of a supply chain in line with the manufacturing
and service models.
It is essential that young Nigerians understand the
importance of supply chain. Global supply chain mechanisms made it possible for
global trade that involves goods and services. You can help your company save
its running expenditure just by cleverly designing the model of shipment of a
cargo from Lagos to London. Or save money and time for a delivery company by
designing a more effective routing system. It could even be the use of an
effective communication and real time work mechanism in terms of any ERP
(Enterprise Resource Planner). The list is endless. As we move along we will
find out specific applications to real problems and discuss them.
Four Main Flows in
Basic Supply Chain
The diagram below states clearly the 4 main flows of a basic
supply chain; information flows both ways on the chain; cash flows one way
upstream i.e. customers pay a retailer and retailer pays distributors; products
flow downstream from manufacturer to distributor; and products for disposal or
recycling flows upstream.
Manufacturing Supply
Chain Model
Again, below is the way information, cash, products and
materials flow in the supply chain. This explains how you got the clothes you
are wearing right! Doesn’t it?
Finally, the services supply chain model. I am sure you are
familiar with it.
Alright, that pretty much wraps up the deal for today.
In my next post…episode I will be sharing on the 3 types of
supply chain strategies and Operations Reference Model.
Don’t miss out, till then…enjoy yourself!
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