Tuesday, May 26, 2020

How The Supply Chain Management Basically Involves...

Introduction The supply chain management basically involves processes and activities which are involved in the planning, organising, controlling and implementing the cost effective flow of goods from the point of origin to the point of consumption. The whole process will have different players like the supplier, manufacturer, distributor, retailers and the customers themselves as the end point of consumption. The supply chain has changed drastically over the years. This days they are very global in nature. Involving various complex interactions and flow of goods, data and funds between companies which are situated in different countries and continents. Even though the companies are spread across the world the manufacturing plants generally follow a similar structure which normally comprises of the suppliers, manufacturing plants, distributors, retailers, inbound and outbound logistics providers. There were a lot of challenges which arose because of the competition which made the companies to reth ink their strategies in order to get the product to the right place at the right time at the lowest cost possible. The companies should always look at improving the whole supply chain and every player in the chain should coordinate with one another if they want to increase the efficiency. The organisation should realise the strategic importance of supply chain as it is a key to building a sustainable competitive edge. (Li, Ragu-Nathan, Ragu-Nathan, Rao, 2006). There is always aShow MoreRelatedCareer Pl Procurement And Supply Chain Management1450 Words   |  6 PagesCareer Plan: Procurement and Supply Chain management My major in the course is chain supply management. I plan to use the education gained in supply chain management to build my career in procurement to develop my skills and improve the procurement process. In my post bachelorette degree, I intend to take professional trainings in procurement, gain more experience and build more expertise in procurement. This is aimed at helping organizations simplify the procurement function and make it effectiveRead MoreOrganizational Structure Of Walmart1055 Words   |  5 Pagesis Walmart, in this paper I will be describing the Organizational structure, and also explain the importance of effective Supply Chain integration in an organization. Due to Walmart holding such a strong leadership position in the Global market its supply chain management according to (flash global.com 2017) overall methods and main components line up with most supply chains like purchasing, operations, distribution, and integration. Walmart has 120 million square foot netw ork it has 160 distributionRead MoreManagement and Functional Areas1731 Words   |  7 Pageswould you require to make such decisions? Ans. A management information system (MIS) is an organized combination of people, hardware, communication networks and data sources that collects, transforms and distributes information in an organization. An MIS helps decision making by providing timely, relevant and accurate information to managers. The physical components of an MIS include hardware, software, database, personnel and procedures. Management information is an important input for efficientRead MoreBenefits Of A Supply Chain Management Essay1697 Words   |  7 PagesA supply chain management may be defined as the process involving all the activities like planning, organising, implementing and controlling the cost effective flow of goods from the point of origin to the point of consumption. This involves various other activities which is required to add value to the product along the supply chain like procurement, sourcing and conversion of the products. There are a lot of players involved like the suppliers, manufacturers distributors etc. They have to haveRead MoreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategyRead MoreOperations Management Is The Branch Of Management’S Science1571 Words   |  7 PagesOperations Management is the branch of management’s science concerned in studying how to achieve successful management with the day-by-day operations of an organization. This study is dedicated in developing and applying the methods that are necessary to achieve business and operations improvement of the company. You may find operations problems in any area of the company and production and those problems may start in buying the feedstock of the products and go from there to even the distributionRead MoreSupply Chain Risk Management Analysis1521 Words   |  7 Pages Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. Supply chain risk management is an intersection of supply chain management and risk management. For this we need to understand the benefits and as well as the limitations of both the concepts. Supply chain risk is about any threat of interruption in the order of workings of the supply chain. This Risk is generated as result of risk ‘drivers’ that are internal or externalRead MoreQuestions On Value Chains And Business Activities Essay1850 Words   |  8 PagesCHAPTER 1 TOPIC Value Chains Value Chains is considered to be a combination of nine business activities that work together within any business to provide value for customers. Within the nine activities the three core ones are inbound and outbound logistics, these are activities that are combined in distribution. Production which is the manufacturing from raw materials. Sales and marketing which is the interface between producers and customers, such as customer service and advertising. These threeRead MoreHuman Resorce Management vs. Operations Management vs.Preoject Management737 Words   |  3 PagesLeonard Human Resources Management vs. Operational Management Kaplan University MT 435 Operations Management Human Resources Management and Operational Management are two very distinct managements that are strangely co-dependent of each other in my view. Operations Management is responsible for designing, operating and improving productive systems or in layman’s terms, systems for getting work done. Operations Managers are found in all walks of life. In anything you basically do or have done thereRead MoreRadio Frequency Identification ( Rfid )1582 Words   |  7 Pagesof Contents Introduction 2 What is RFID? 2 RFID in Supply chain management 2 How has RFID implementation improved Supply chain performance at Wal-Mart 3 Impact of RFID technology on SCM Effectiveness – Food Industry in Iran 3 Short comings of RFID 5 Future of RFID 5 References 6 Introduction In this paper we will discuss how Radio Frequency Identification (RFID) influences the role and importance of supply chain management in organizations. This paper will also discuss the prospective

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.