Supply ChainWhatls. (n.d) defines a supply chain as: “a network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user. |
Supply Chain IntegrationSupply chain integration is a concept that has been around since 1989, and the simple definition according to supply chain opz is, “how everyone in the company, and its trading partners work in sync to achieve the same business objectives via integrated business process and information sharing”. |
Supply Chain ManagementThe management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfilment from point of origin to point of consumption. |
Supply Chain StrategyThe supply chain strategy establishes how organisations work with chain members, which, if orchestrated and managed correctly, can increase organisational success. |
Supply CurveSupply curve is a graphical representation of a firm / firms showing the relationship between price and quantity of a given item. |
Supply Curve of the FirmSupply curve of the firm is the rising part of the MC curve above shut-down point where AR = AVC. |
Supply ScheduleSupply schedule is a table representation of a firm / firms showing the relationship between price and quantity of a given item. |
Supply TheoryThe theory of supply of goods also known as the “Supply Theory” attempts to understand why and how firms do what they do. Analysing the firm’s behaviours and to understand what their goals are. This theory can also be called the “Theory of the firm” according to your textbook. In this module we will work on the assumption that firms seek to maximise their profits. |
SWOT AnalysisSWOT analysis is a tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an organization can and cannot do, as well as its potential opportunities and threats. The method of SWOT analysis is to take the information from an environmental analysis and separate it into internal (strengths and weaknesses) and external issues (opportunities and threats). |
SynthesisThe bringing together of the different strands
of an argument into a cohesive whole |