9  Supply Chains, Logistics, and Facilities

Week 9 Planned, awaiting draft

ImportantLearning objectives (tentative)

By the end of this week you should be able to:

1. Map the supply chain of an everyday product.
2. Explain why companies hold inventory.

NoteComing soon

These lecture notes will be written from the instructor’s Week 9 draft. The topics below are a working outline.

9.1 Planned topics

• Anatomy of a supply chain
• Logistics, transportation, and warehousing
• Inventory and lead time
• Facility layout

NoteKey terms in this chapter

• Facility layout — The arrangement of departments, workstations, and equipment within a facility to support efficient flow.
• Inventory — Stock of materials, work-in-process, or finished goods held to buffer against uncertainty in supply and demand.
• Lead time — The total elapsed time from when an order is placed until it is delivered to the customer.
• Logistics — Planning and controlling the movement and storage of goods, services, and information from origin to consumption.
• Supply chain — The network of organizations, facilities, and flows that sources materials, makes products, and delivers them to customers.