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LMGT201 Supply Chain Concepts

10 cp
Prerequisites Nil
Teaching Organisation 3 hours per week for a twelve week period or equivalent.

The supply chain is a core business process. An understanding of how the supply chain process works is fundamental to appreciating how a business balances supply and demand in a timely and cost effective manner. Decisions that are made with an understanding of the total process, rather than just consideration of a functional component, are likely to lead to an optimal use of resources and satisfaction of consumer requirements. Decision making is likely to be more informed and hence reliable. These concepts are essential to any manager irrespective of the nature and location of the business activity or the business environment.

This Unit provides important foundation learning in relation to basic principles, and sets the framework for advanced studies.

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