Information Flows

Apr 15, 2018

Relational Contracts Student Project: Alternative Means to Settling Contract Disputes

As part of the lead-up to our SCRC meeting this week on Relational Contracting, I am featuring the first of five papers by some of our online MBA students who… 

Jan 19, 2018

Logistics Management (Definition) – What is Logistics Management?

What is Logistics Management? Logistics management is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related information flows) through the… 

Jul 30, 2013

Global Logistics, Q&A with John Camp, Lenovo

Questions and Answers on Global Logistics, with John Camp, Lenovo Big Issues in Global Logistics Rob Handfield (Co-Director of SCRC): Hi, I’m here with John Camp, director of logistic solutions… 

Jan 20, 2011

Total Cost of Ownership (TCO)

In supply chain management, the total cost of ownership of the supply delivery system is the sum of all the costs associated with every activity of the supply stream. The… 

Jan 20, 2011

Total Costs

The sum of the variable, fixed and semivariable costs (costs that cannot be classified as variable or fixed ) comprises total costs. As the volume of production increases, total costs… 

Jan 20, 2011

Target Costing

It is the process of designing a product to meet a specific cost objective. Target costing involves setting the planned selling price, subtracting the desired profit as well as marketing… 

Jan 20, 2011

Globalization

See: Currency Conversion, Language 

Jan 19, 2011

Order management

Order management involves the seamless integration of orders from multiple channels with inventory databases, data collection, order processing including credit card verification, fulfillment systems and returns across the entire fulfillment… 

Jan 19, 2011

Cost Management

In terms of activity-based cost accounting, cost management involves control of activities to eliminate waste, improve cost drivers, and plan operations. This process should influence the organization’s strategy setting process.… 

Jan 19, 2011

Operating Policies and Procedures

Definitive statements of what should be done in the business, and a formal organization and indexing of a firm’s procedures. They are usually outlined in manuals which are printed and…