Y Dot Knowledge

  INTRODUCTION TO SUPPLY CHAIN MANAGEMENT In this lesson, you will learn: What a supply chain is and its components, including how products and information flow in both directions. The evolution and key milestones in the history of supply chain management. The six main parts of supply chain management and how they work together. The strategic value of supply chain management in boosting performance. What is a Supply Chain? A supply chain is a network of three or more companies linked together through the flow of products, services, finances and information from suppliers to customers. A basic example involves a company, its supplier and its customer, connected by these flows. What is Supply Chain Management? Supply Chain Management(SCM) involves coordinating business activities across companies to improve long-term performance. It’s about creating trust and strong relationships with suppliers and customers, sharing data and sometimes even shifting control over logistics. History ...

Knowledge management in organizations involves collecting, organizing, storing, sharing, and utilizing knowledge effectively to enhance productivity, innovation, and decision-making processes. Here are five examples to illustrate knowledge management: Knowledge Repositories : Companies create digital databases or repositories where employees can access and contribute valuable information, such as best practices, case studies, and research findings. For instance, a software development company might maintain a knowledge base with coding standards, troubleshooting tips, and project documentation accessible to all team members. Communities of Practice : Organizations foster communities of practice where employees with similar interests or expertise collaborate, share insights, and solve problems together. For example, a marketing department might establish a community of practice focused on social media strategies, where marketers exchange ideas, share success stories, and discuss emergin...

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