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Supply Chain is a complete process that starts from the raw materials and the inbound logistics all the way to the outbound logistics and bringing the idea on the table. Without an efficient supply chain, there would be a lot of bottleneck involved in the organization.
The key to an efficient supply chain is to make sure that the process runs as smoothly as possible. One needs to follow through each and every step of the process and make sure that things go efficiently and smoothly.
Supply chain management is essential to organization success and customer satisfaction because it includes all of the activities that lead to the success of the organization from beginning of planning, management of all activities and operations of create the sources, the procurement and logistics (transport, warehouse management ,inventory management And so on) and marketing operations as well as coordination and cooperation between all parties involved in the supply chains of suppliers and service providers and clients
While supply chain management concepts are receiving increasing attention in literature and practice, the supply chain management philosophy is supported by a limited theoretical base. The industrial organisation literature related to the advantages, disadvantages and applications of vertical integration and obligational contracts is explored. The industrial organisation literature regarding vertical integration and obligational contracts is related to supply chain management. The advantages and disadvantages which supply chain management shares with vertical integration and obligational contracts are discussed. It is concluded that supply chain management is a way of combining many of the advantages of vertical integration and obligational contracts, while overcoming some of their disadvantages. Using the industrial organisation literature and findings from two case studies, prerequisites are developed for supply chain management, and three competitive situations are described. Supply chain management holds promise as a competitive form, provided that certain hazards are avoided, and that a competitive advantage results.In today’s world, supply chain management (SCM) is a key strategic factor for increasing organizational effectiveness and for better realization of organizational goals such as enhanced competitiveness, better customer care and increased profitability. The era of both globalization of markets and outsourcing has begun, and many companies select supply chain and logistics to manage their operations. Most of these companies realize that, in order to evolve an efficient and effective supply chain, SCM needs to be assessed for its performance. Based on a literature survey, an attempt has been made in this paper to develop a framework for measuring the strategic, tactical and operational level performance in a supply chain. In addition, a list of key performance metrics is presented. The emphasis is on performance measures dealing with suppliers, delivery performance, customer-service, and inventory and logistics costs in a SCM. In developing the metrics, an effort has been made to align and relate them to customer satisfaction
Companies that neglect the important aspect of developing the supply chain often pay the price with cost, quality, lead time and customer retention. It is sometimes difficult to let the top managers understand the significance of supply chain management as it often comes down very low in their priorities. However, progressive companies do understand that managing the supply chains improve lead times, decrease costs of warehousing and inventory control, and increase the overall control against unknown variables.
The supply chain conceptually covers the entire physical process from obtaining the raw materials through all process steps until the finished product reaches the end consumer. Most supply chains consist of many separate companies, each linked by virtue of their part in satisfying the specific need of the end consumer
Today's business climate has rapidly changed and has become more competitive as ever in nature. Businesses now not only need to operate at a lower cost to compete, it must also develop its own core competencies to distinguish itself from competitors and stand out in the market. In creating the competitive edge, companies need to divert its resources to focus on what they do best and outsource the process and task that is not important to the overall objective of the company. Supply chain management has allowed company to rethink their entire operation and restructure it so that they can focus on its core competencies and outsource processes that are not within the core competencies of the company. Due to the current competitive market, it is the only way for a company to survive. The strategy on applying SCM will not only impact their market positioning but also strategic decision on choosing the right partners, resources and manpower. By focusing on core competencies also will allow the company to create niches and specialization of core areas. In order to create a niche for competitive advantage, companies must look at the big picture of the whole process, and figuring out which process can be reduce, eliminate, raise and create.SCM has allowed business nowadays to not just have productivity advantage alone but also on value advantage. 'Productivity advantage gives a lower cost profile and the value advantage gives the product or offering a differential 'plus' over competitive offerings.' Through maximizing added value and also reduce the cost in...
it is extremely important , it can affect , your operation continuity, your fiance and profits even the quality of your products and being able to respond to new products that to be manufactured
consider how much Apple will loose if their supply chain cannot source excellent quality with enougfh quantity with reasonable prices component for Iphone6+ on time from any place in the world and deliver this component to be assembled and then shipped to outlets allover the world on19 September as promised in their presentation
Supply Chain Management is the systematic and the strategic coordinatin management fr supplying goods and roducts required by the end customer. Or we can say that a practice of products that reachers to an end user and represents the efforts of the organization is known as supply chain management. It represents a conscious effort by the supply chain firms to develop and run supply chains in most effective and efficient ways possible. Supply Chain Management activities cover almost everythig such as from products to its development, sourcing, logistics and even information system also.
Supply chain management in every organisation playes important role.Efficient system means low inventory cost and timly availabitiy of items. It is tem work and plays important allies of main fuctionries. Internal & exterchallaenges affect the system bur a good manager foresees the hurdel comes in the way and procedure of handling.
Supply Chain Management (SCM) is an essential element to operational efficiency. SCM can be applied to customer satisfaction and company success, as well as within societal settings, including medical missions; disaster relief operations and other kinds of emergencies; cultural evolution; and it can help improve quality of life. Because of the vital role SCM plays within organizations, employers seek employees with an abundance of SCM skills and knowledge.
Supply chain management helps streamline everything from day-to-day product flows to unexpected natural disasters. With the tools and techniques that SCM offers, you’ll have the ability to properly diagnose problems, work around disruptions and determine how to efficiently move products to those in a crisis situation.
