Downstream operations are a part of the supply chain process that starts with basic materials and ends with finished goods sold to consumers. The downstream part of the supply chain includes processes used to create finished goods and the distribution and sale of the goods .
What is downstream in supply chain management?
Downstream supply chain management refers to coordinating the flow of information and goods with clients and customers . It contrasts upstream SCM, which involves coordinating buying activities with suppliers.
What is downstream and upstream in supply chain management?
Often, different stages within the supply chain are referred to as upstream or downstream. Upstream operations are those in which the materials flow into the organization . Downstream operations are those in which materials (mostly in the form of finished products) flow away from the organization to the customers.
What is an example of downstream?
*Examples of Downstream Processes: In the oil and gas industry, the downstream process consists of converting crude oil into other products and then selling those products to customers . Thus, oil refineries represent structures that operate within the downstream process.
What are upstream and downstream processes?
It’s not unusual to hear people involved in production make frequent reference to “upstream” and “downstream” parts of the process. Upstream refers to the material inputs needed for production , while downstream is the opposite end, where products get produced and distributed.
What is JIT Tool?
What Is Just-in-Time (JIT) in Inventory Management? JIT is a form of inventory management that requires working closely with suppliers so that raw materials arrive as production is scheduled to begin, but no sooner. The goal is to have the minimum amount of inventory on hand to meet demand.
What are the components of downstream supply chain?
- Logistics.
- Transportation. Transportation involves the movement of products through the supply chain, from the beginning to the end, which is why it forms such an essential role. ...
- Warehouse Management. ...
- Inventory Management. ...
- Workforce Development.
What are the types of supply chain?
- The “Efficient” Supply Chain Model. ...
- The “Fast” Supply Chain Model. ...
- The “Continuous-Flow” Supply Chain Model. ...
- The “Agile” Supply Chain Model. ...
- The “Custom-Configured” Supply Chain Model. ...
- The “Flexible” Supply Chain Model.
What are downstream activities?
Downstream operations are the processes involved in converting oil and gas into the finished product . These include refining crude oil into gasoline, natural gas liquids, diesel, and a variety of other energy sources.
What do you mean by downstream?
1 : in the direction of or nearer to the mouth of a stream floating downstream located two miles downstream. 2 : in or toward the latter stages of a usually industrial process or the stages (such as marketing) after manufacture improving profits downstream downstream products.
What does downstream mean in finance?
Of or relating to earnings or operations at a firm that are near or at the final stage of consumption . For example, marketing and transportation are downstream operations for a large, integrated oil company. Compare upstream.
What does downstream mean on a modem?
Downstream channels, or “ download speed ,” refers to the data that your computer receives from the Internet. When you use your computer to download music, podcasts, games, apps, pictures or other web content, you are using your computer’s downstream bandwidth.
What is downstream of a river?
The word downstream (which is one word instead of being two words; down stream ) mainly means the direction that the water in a river flows. Downhill, towards the sea, or nearer to the mouth of the stream (where the river ends). It can also be known as downriver.
Which of the following is downstream process?
Downstream processing refers to the recovery and the purification of biosynthetic products , particularly pharmaceuticals, from natural sources such as animal or plant tissue or fermentation broth, including the recycling of salvageable components and the proper treatment and disposal of waste.
What does it mean to be up or downstream from one another?
(daʊnstrim ) adverb. Something that is moving downstream is moving toward the mouth of a river , from a point further up the river. Something that is downstream is further toward the mouth of a river than where you are.
Is LNG midstream or downstream?
Products. Some of the products commonly associated with the Downstream sector include: Liquified Petroleum Gas (LPG) Liquefied Natural Gas (LNG)
