Mary Lourdes Bonnici MBA

  Business Administration Learning Academy Chapter 10 – Operations Management Part 4 – Supply Chain and Inventory Management Introduction In Part 3 – Quality Management and Continuous Improvement , we examined how organisations establish standards, prevent defects, monitor performance and continuously improve their processes. Quality, however, does not depend solely on what happens inside an organisation. Every organisation depends on a wider network of suppliers, transportation providers, warehouses, distributors, technology systems and other partners. Materials and information must arrive at the correct place, in the correct quantity, at the correct time and at an acceptable cost. This wider network is the supply chain . Supply chain management connects purchasing, suppliers, production, inventory, logistics and customers into one coordinated system. Modern supply chains therefore influence cost, quality, speed, dependability, flexibility, customer satisfaction and organi...