Supply Chain Management Essay

In today 's world supply chain is at the centre of the business, for many decades’ companies have outsourced and organised many jobs to suppliers and intermediaries creating expansion and, recreated designs and through innovative processes, such sourcing has resulted in global supply chain management. It is a connected series of activities which is concerned with planning, organising, coordinating and controlling of materials, parts, and finished goods from supplier to customer. It is concerned…

Today, many companies fail to understand their supply chain and what system to implement in fostering growth for their business. Management in many cases fail to understand what system to integrate into their supply chain, however, the companies that do succeed with implementing the right automated system for their company whether it be a yard management system, transportation management system, or even their warehouse management system are able to realize double digit savings. (IBM, 2012)…

This essay is about the impacts of “customer” element in supply chain management. Supply Chain Management’s goal is “to meet customer needs, better than competitors. Success depends on building processes that can design, make, and deliver the innovative, high-quality, low-cost products and services that customers demand.” (Fawcett, Ellram, & Ogden, 2007). The customer, as always, is king of every business. In generally, we don’t have any business without customers. Every company is trying to…

Supply chain: The supply chain is the network and of businesses and people who work together to move raw materials into finished products and later to the end user. Supply chain management is the integration and coordination of all supply activities to provide best product or service to the customer, reduce cost and time in the best possible way. Information plays a vital role in supply chain management. Information sharing has improved the way the companies do their business with their…

In William Walker’s book Supply chain architecture: a blueprint for networking the flow of material, information, and cash (2016), supply chain architecture provides the understanding, direction, and tools to apply the five APICS Principles of Supply Chain Management - Velocity, Variability, Vocalize, Visualize, and Value - to improve a company 's supply chain network competitiveness. According to Roy, Anciaux, Monteiro and Ouzizi (2004), the supply chain is viewed as a set of tiers…

there are those involved in the world of supply chain and operations that strive daily to match the pace of a world that fails to ever slow down. With new technologies driving new trends, it is mind-boggling to even being to consider the complexities that go on with supply chain and sustaining operations. That is why we must start by looking at the basics of supply chain management and operations management. History of Supply Chain What is supply chain? This is a term that, since the 80’s,…

I. Introduction “Supply chain Management is the integration of key business processes from end-users through original suppliers that provide products, services, and information that add value for customers and other stakeholders”(Lambert D.M., 2008). This means that it is management of flowing streams in a business and between the business and the environment, which includes supply, delivery, storage, and financial operations…. In other words it’s managing the means, methods, tools and…

Vendor Selection Optimization In Supply Chain Management Abstract— An effective vendor selection process is very important to the success of any manufacturing organization. Simply looking for vendors offering the lowest prices is not efficient sourcing any more. We propose a multi-criteria decision making method, which accounts for both vendor selection and optimal order allocation. We also propose a policy for unselected vendors to maintain a competitive environment and derive maximum…

The Supply chain is described as a network of different companies producing, handling or distributing product. The supply chain comprises all the stages to get goods and services from the supplier to the customer. Mentzer and Gundlach (2010) elaborate by stating that given the significance of supply chain activities to the firm as a whole, it stands to reason that the supply chain cannot be managed effectively in isolation. Supply Chain Management needs to be considered in nearly all elements of…

controlling the pricing of the products set forth by pharmaceutical companies. Other issues that rises up the lack of predictability for the demand for medicine. Some clinician’s preferences can create more uncertainties. In my experience most if supply chain managers are not educated. These positions to my knowledge are filled by former healthcare employees without a background in a business. These managers are…