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Watch this with a 10-15 minute audiotrack at http://vimeo.com/novusprogram/lesson12 This lesson will discuss the supply chain, which is a system by which resources move from their point of origin through the creation of products and services and onward to the customer. It will also address how to make it more efficient for a business owner with respect to time and cost. The Novus project is a combination of video tutorials designed to be used in conjunction with a free business simulation software program. The Novus Business and IT Program contains 36 business and IT training videos, covering basic finance, accounting, marketing, economics, business strategy, Word, Excel, and PowerPoint. Users will have an opportunity to apply the lessons in the Novus Business Simulator. Over six rounds, the user or teams will have to make decisions on capital purchases, financing, production, financing, and human resources for a microbrewery. This channel has arranged the 36 video lessons into the order in which they are meant to be used with the simulator. To watch this slideshow as a video, please go to our Vimeo page at: https://vimeo.com/novusprogram. To download our free business simulation software, please go to our SourceForge page at: http://sourceforge.net/projects/novus/.
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Novus Business and IT Training Program
Supply Chain Management
Objective: To discuss the process by which goods and services start as raw materials and end as finished goods in the hands of customers, as well as considerations to make it more efficient and inexpensive.
2Novus Business and IT Training Program
Supply Chain
• A system to transform raw materials into finished goods
• Illustrates supply and demand
3Novus Business and IT Training Program
Computer Supply Chain
4Novus Business and IT Training Program
Supply Chain Management
• Using supply chain concept to increase efficiency from original suppliers to end users
• Information Efficiency
5Novus Business and IT Training Program
Supply Chain Management
• Objective: Efficiently fulfill customer demands
• Only buy and produce what can be sold
• Customers always find what they want
6Novus Business and IT Training Program
Cooperatives
• Combining for efficiency
• Can apply to
– Purchasing
– Transportation
–Marketing
7Novus Business and IT Training Program
Benefits of Supply Chain Management
• Inventory
• Location decision
• Transportation
• Anything between raw materials and final customer can be more efficient
8Novus Business and IT Training Program
Constraints
• Internal– Equipment– People– Policy– Cure by process improvement
• External – Excess supply – Cure by increasing demand
9Novus Business and IT Training Program
Supply Chain Analysis
• Forecasting very important to analysis and management
• Be realistic
• Forecasting and Supply Chains are closely related
10Novus Business and IT Training Program
Value Chain vs. Supply Chain
• Similar to Supply Chain but looks at increase in value
• Supply Chain looks at industry
• Value Chain looks at single business
