by
Zia Ahmad , Manager Materials Unit , adwan marketing co. ltd., riyadh, saudi arabia
First of all we should study and understand the nature of our business and identify the Supply Chain partners for us. In second step we should rank them on the basis of their importance for us. Then we should undertake proper measures to increase collaboration with them. It was observed in auto industry that80% of wastage occurred due to improper supplier selection. Therefore it needs a very careful handling. We should ensure products remain visible throughout our Supply Chain. In third step we should try to reach Performance Excellence with which we can achieve high or targeted level of customer satisfaction at the lowest possible cost, thus improving profitability and sustainability for the company.
by
Azizul Abbasi , Process Lead - CSO EMEA , Agilent Technologies, Inc
The most important elements of Supply Chain Management (SCM) arelead time (speed), inventory, and total cost, regarded as representative parameters of SCM, as to their effectiveness in a SCM system for minimizing total costs from production scheduling to replenishing products to depots.