G.O Lesson 1

• Planning

  Plan and manage all resources required to meet customer demand for a company’s product or service. When the supply chain is established, determine metrics to measure whether the supply chain is efficient, effective, delivers value to customers and meets company goals.
• Sourcing

  Choose suppliers to provide the goods and services needed to create the product. Then, establish processes to monitor and manage supplier relationships. Key processes include: ordering, receiving, managing inventory and authorizing supplier payments.
• Manufacturing

  Organize the activities required to accept raw materials, manufacture the product, test for quality, package for shipping and schedule for delivery.
• Delivery and Logistics

  Coordinate customer orders, schedule deliveries, dispatch loads, invoice customers and receive payments.
• Returning

  Create a network or process to take back defective, excess or unwanted products.
• Five critical components of supply chain management:

  Planning

  Sourcing

  Manufacturing

  Delivery and logistics

  Returning
• Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.
• Identifying potential problems. When a customer orders more product than the manufacturer can deliver, the buyer can complain of poor service. Through data analysis, manufacturers may be able to anticipate the shortage before the buyer is disappointed.
• Optimizing price dynamically. Seasonal products have a limited shelf life. At the end of the season, these products are typically scrapped or sold at deep discounts. 
• • Improving the allocation of “available to promise” inventory. Analytical software tools help to dynamically allocate resources and schedule work based on the sales forecast, actual orders and promised delivery of raw materials. Manufacturers can confirm a product delivery date when the order is placed — significantly reducing incorrectly-filled orders.
• five “Cs” of the effective supply chain management of the future:

  Collaborative

  Cyber-Aware

  Cognitively Enabled

  Comprehensive
• Connected: Being able to access unstructured data from social media, structured data from the Internet of Things (IoT) and more traditional data sets available through traditional ERP and B2B integration tools.
• Collaborative: Improving collaboration with suppliers increasingly means the use of cloud-based commerce networks to enable multi-enterprise collaboration and engagement.
• Cyber-aware: The supply chain must harden its systems and protect them from cyber-intrusions and hacks, which should be an enterprise-wide concern.
• Cognitively enabled: The AI platform becomes the modern supply chain's control tower by collating, coordinating and conducting decisions and actions across the chain. 
• • Comprehensive: Analytics capabilities must be scaled with data in real time. Insights will be comprehensive and fast. Latency is unacceptable in the supply chain of the future.
• 1. User Authentication and Authorization:

  • Secure login for different roles (e.g., admin, manager, warehouse staff, suppliers).
  • Role-based access control to restrict unauthorized access.
• 1. Dashboard and Analytics:

  • Real-time dashboards displaying key performance indicators (KPIs) and analytics.
  • Graphs and charts to visualize supply chain data.
• 1. Order Management:

  • Order creation, tracking, and fulfillment.
  • Automated order processing and confirmation.
• 1. Inventory Management:

  • Real-time inventory tracking.
  • Alerts for low stock levels.
  • SKU management and batch tracking.
• Supplier Management:

  • Supplier onboarding and profile management.
  • Automated purchase order creation.
• 1. Warehouse Management:

  • Warehouse layout and inventory organization.
  • Pick, pack, and ship functionalities.
  • Integration with barcode scanners and RFID technology.
• 1. Logistics and Transportation:

  • Route optimization for efficient delivery.
  • Shipment tracking and status updates.
  • Integration with third-party logistics providers.
• Demand Forecasting:

  • Predictive analytics for demand forecasting.
  • Inventory replenishment suggestions.
• 1. Risk Management:

  • Identification and management of supply chain risks.
  • Contingency planning for disruptions.
• 1. Communication and Collaboration:

  • In-app messaging for internal communication.
  • Collaboration features for sharing documents and updates.