Supply chain management terms

1. Introduction: Supply chain management is an area of increasing strategic importance due to global competition, outsourcing of noncore activities to developing countries, short product life cycle, and time compression in all aspects of the supply chain Management attention has moved from competition between firms to competition between supply chains. The capability to establish close and long-term relationships with suppliers and other strategic partners has become a crucial factor in…

Global Operations and Supply Chain Management is very vital to obtaining successful business or companies, both in the domestic and international realm. In this paper I will discuss many aspects of supply chain management as well as global operations, along with the advantages and disadvantages of each and how they tie into making businesses more successful both internationally and domestically. Global Operations which can be defined as organizations that provide services and goods to consumers…

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…

Super H Mart Company operates a chain of grocery. The company sells ready to serve food products, noodles, side dishes, snacks, kelp, powders, and blends. It also offers drinks, sauces, and flavors. Besides food products, it sells various kitchen items such as rice cookers, blenders, as well as copper to restorative cleansers and chemicals cleaners for kitchen and restroom needs. The international supply chain management is one of the key activities that determine the success of a company. Super…

PROCUREMENT MANAGEMENT BY Nur Syariz Bin Rizal | DPM5A Nurfariza Hanim Binti Zulkefli | DPM5A Wan Nur Arina Binti Wan Zubaidi | DPM5A Nur Hamira Binti Hamdan | DPM5A Muhammad Ariff Bin Zamri | DPM5A Introduction Procurement can be define as is the acquisition of goods or services in supply chain management. It is the goods or services that are very favourable and appropriate. Besides, they are procured at the best cost to meet the needs of the purchaser in terms of quality and quantity, time,…

The terms returns management(RM) and reverse logistics(RL) have been used interchangeably in literature. However, there exists a difference between the two terms. For the purpose of this thesis the following definition is used to describe reverse logistics: “Reverse Logistics is the process of moving goods from their typical final destination for the purpose of capturing value […] Reverse logistics is limited to the movement of goods or material “backward” through the supply chain” That is the…

Who is West Marine? What does West Marine do? West Marine is an American company which based in Watsonville, California. The company functions mainly as a boating supply and fishing retail stores. West Marine managed to operate over 400 stores worldwide (around 300 in North America locally and more than 150 outside of the North America) and was able to generate an incredible annual average sales of $690 million. The company currently handles more than 50,000 products ranging from the ropes to…

In order to restructure the logistics they had to link an incentive program to reduce supply chain costs for large National players as 61% of the supply chain costs were costs of procurement and 36% cost of inventory which signified large room for supply chain savings (Exhibit 5). Also, the transportation and industrial divisions were merged to effectively improve sales and to collaborate in common markets, sales channels…

about supply chain management, few of them focused on logistic, procurement, distribution etc. So, it is necessary to do deep research on supply chain risk management(SCRM) and their impact on supply chain performance. The scope and opportunity of the predictable application of risk management are too acceptable to effectively respond to the complication and extent of the modern supply chain organization. Research indicates that firms which cannot effectively anticipate and mitigate supply chain…

efficient and effective Supply Chain Management. Without effective managers, the pipeline would be hindered by the lack of knowledge and expertise that has been gained and structured since we began importing and exporting goods and materials to create our country's businesses and organizations. Supply Chain Management is the flow of goods, materials, information, and money from suppliers to the customers. Additionally, it is the operation that…