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The important lists of objectives of supply chain management are Achieving Efficient Fulfillment,Driving Customer’s Value,Optimizing Organizational Responsiveness, Building Flexible Network, Financial Success and we have professional and specialized experts in supply chain management and they understand the requirements of the students and work according to their needs and guidelines provided by them.
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SUPPLY CHAIN MANAGEMENT ASSIGNMENT HELP By : EssayCorp
TABLE OF CONTENTS 1. WHAT IS SUPPLY CHAIN ? 2. WHAT IS SUPPLY CHAIN MANAGEMENT ? 3. SUPPLY CHAIN MANAGEMENT PRINCIPLES 4. EVOLUTION OF SUPPLY CHAIN MANAGEMENT 5. IMPORTANCE OF SUPPLY CHAIN MANAGEMENT 6. ABOUT US 7. CONTACT US 8. THANK YOU
WHAT IS SUPPLY CHAIN ? The flow of product and services from raw material wholesalers, end product manufacturers, manufacturers, wholesalers, distributors and retailers is known as supply chain. Supply chain management is composed of three inter-connected concepts : business structure, management and network structure.
WHAT IS SUPPLY CHAIN MANAGEMENT ? Supply chain management is also known as SCM. It is a strategic and systematic coordination of traditional business functions within an organization. It is used to enforce a long term performance of organizations and supply chain as whole.
SUPPLY CHAIN MANAGEMENT PRINCIPLES The main principles of supply chain management are: Principle 1 Principle 2 Segment customers based on the service needs of distinct groups adapt the supply chain. Customize the logistics network to the service requirements and profitability of customer segments.
PRINCIPLES OF SUPPLY CHAIN MANAGEMENT ● Principle 3 - Listen to market signals and align demand planning accordingly across the supply chain. ● Principle 4 - Differentiate product closer to the customer and speed conversion across the supply chain. ● Principle 5 - Manage sources of supply strategically to reduce the total cost of owning materials and services.
PRINCIPLES OF SUPPLY CHAIN MANAGEMENT ● Principle 6 - Develop a supply chain-wide technology strategy that supports multiple levels of decision making. ● Principle 7 - Adopt channel-spanning performance measures to gauge collective success in reaching the end-user effectively and efficiently.
Stage 1 - Vendor -> Purchase -> Production -> Distribution -> Retailer EVOLUTION OF SUPPLY CHAIN MANAGEMENT Stage 2 - Materials management -> Logistics management Stage 3 - Supply chain management
IMPORTANCE OF SUPPLY CHAIN MANAGEMENT STRATEGIC ADVANTAGE GLOBALIZATION ● It drive strategy ● Manufacturing becomes more efficient ● It covers the world ● Increase risk of supply chain interruption
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