WEEK 14
This week will be the very last week for my semester 6. Today, for FSM4401, we learnt supply chain management (SCM). From that, I get to know that the elements in supply chain can be categorized into upstream and downstream. Orders, information, payments and returns are of upstream while products, services and information are grouped under downstream. Vertical integration is introduced by Dr in class. It has few definition but here, in terms of management and business, it is said as by combining all the suppliers, work can be done effectively. On the other word, it is said to be strategy applied to control all the suppliers, thereby targeted outcome can be achieved easier. Then, we were told that there are total 3 flows in supply chain, known as material flows, information flows and financial flows. These are of the key components as supply chain will not be able to work or function without any of the flow. Our class is continued with the importance of building up a well-s...