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it is TRUE AS SCM is catagorised to add value to its customers, network, and for the firm and stake holders.
Today, the customers look out for ' More value for the money' spent by them. Therefore, a manufacturer / supplier has consistently strive to keep the customers satisfied by offering better services from time time to. even / possible area needs to be explored to achieve this goal. The primary goal should perhaps be to ensure an optimal flow from transportation services provider to the internal clients and see to it that every task directly adds value to the outcome.
The primary objective of the mapping is to sort out value added activities and non value adding activities. Non value adding activities are those activities for which the customer is not willing to pay. Mapping of activities, thus includes steps such as:
1) Detailed diagram from supplier to client use
2) Examine which tasks and value and which do not
The outcome of the mapping will be the segregation of non essential tasks from the list of improvement opportunities.
1) Industry behavior
2) Trend
3) Substitutes
4) Cost Levers
5) Strategies for success
The organization then should utilize this data to implement actions that would help it gain the edge over its competitors.
Good question Wasi. Your extensive questions help refresh our knowledge
SUPPLY CHAIN mapping is done to define the supply chain network structure, business steps and processes involved and evaluate current process efficiency.
There are varied methods and not all of them identify the value addition.
One of the methods of supply chain mapping is VSM.
VALUE STREAM Mapping is done to identify value added services
Agree with all ............................................
Creating a supply chain map is a multi-step process with each step having a number of individual requirements. The map creator begins by determining what type of map is needed, process or strategic. With the type of map determined, information about the environment to be mapped is gathered and then put in the format that best communicates it to the end users. The map should be distributed to end users with a method for feedback established.
A supply chain map is a representation on paper, using lines, words and symbols, of an existing business process or a strategy to develop a process. The process being mapped involves how a company’s product ultimately gets to consumers. Supply chain mapping has become increasingly important as companies outsource much of the manufacturing process. The goal of any map is to help a company evaluate and monitor the efficiency of its processes.
Supply chain mapping is done to identify value added activities. It is true.
Yes it is true that the value added is calculated shown as a percentage of GDP in measuring chains ... is remarkable economic activities (clandestine and illegal activities
>>>>>>>>>>>>>>> My answer will be TRUE ................ Thanks.
True .
True,
I agree with Mr.Wasi Rahman Sheikh