The Foundations of Supply Chain - Lecture 1.1


00:57 Introduction
00:54 Observational definition
02:44 The short definition
04:51 Why and How
08:00 Scope and non-scope
11:07 Skin in the game + conflict of interest
14:53 Mainstream supply chain theory
21:53 Confusing jargon
25:42 Nature of the challenge
37:57 The method behind the madness
49:54 In conclusion: two IYI pitfalls
54:02 Questions from the audience

Description

Supply chain is the quantitative yet street-smart mastery of optionality when facing variability and constraints related to the flow of physical goods. It encompasses sourcing, purchasing, production, transport, distribution, promotion, … - but with a focus on nurturing and picking options, as opposed to the direct management of the underlying operations. We will see how the “quantitative” supply chain perspective, presented in this series, profoundly diverges from what is considered the mainstream supply chain theory.

References

  • Inventory Management and Production Planning and Scheduling, Edward A. Silver, David F. Pyke, Rein Peterson
  • Fundamentals of supply chain theory, Lawrence V. Snyder, Zuo-Jun Max Shen