Supply chain

Supply chain management is an emerging avenue for competitive advantage between companies. It includes all the activities which are integrated to produce a smooth flow of operation efficiency. It does not only preserve the time and value of the product but also makes the costumers satisfied. I am personally inclined towards the supply chain management because of immense opportunities and future prospects. Importance of supply chain management is not only being felt in industries and satisfying…

M1A1 Supply Chain Strategy & Competitive Priority How do companies like FedEx and Walmart manage their supply chain systems to maintain a competitive advantage in today’s business world? According to Nada Sanders (2012), it’s done through the active management and implementation of the five primary competitive priorities; Cost, Time, Innovation, Quality, and Service, as well as an effective supply chain strategy. Supply chain strategy design is composed of the five competitive priorities, and…

for integrating supply chain and measuring their members’ performance is the supply chain operations reference (SCOR) model. The SCOR model is used as a supply chain management diagnostic, benchmarking and process improvement tool by manufacturing and service firms in a variety of industries around the globe. Some of the more notable firms have success using the SCOR model include Intel, IBM, Cisco, Siemens etc. striving for the best telecommunications supply chain. The supply chain operations…

in running an effective business with different aspects to it. For instance, operation and supply chain management, where operation management focuses on internal activities and supply chain emphasizes externally. Per our text, operation management is “the science and art of ensuring that goods and service are created and delivered successfully to customers.” (Collier & Evans, 2012). Whereas, supply chain management is “is the management of all activities that facilitate the fulfillment of a…

The supply chain drivers are divided into two groups which are logistics drivers and cross functional drivers. Logistics drivers include facilities, inventory, and transportation while cross functional drivers are include pricing, information, and sourcing. Logistics drivers mean that the function is related to logistics activities that are driving the entire supply chain. Meanwhile, the cross functional drivers mean that each and every function is related with other functions. All of these…

3. In developing a strong supply chain management, it comes with improving an overall performance from organizational standards. In an online article, indiaclass.com describves main objectives of supply chain managment are to improve the overall organization performance and customers satisfiaction by improving product or service delivery to consumer (Pore, 2012). In this instance, it helps with developing effective systems, processes, and people (subordinates). If there are effective systems and…

HBR CASE STUDY Excel-Pls supply chain management at Haus Mart 1. How is value added in supply chain management through better planning versus better execution? Ans. Supply chain management as we have learnt in this course is managing the movement of goods and services. It involves the storage and flow raw materials, inventory of work in process as well as finished goods from their point of origin to their point of consumption or use. According to case, the largest cost advantage and…

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)…

Many people treat supply chain management as being synonymous with logistics, which is the management of the flow of goods from the origin to the consumers (Lambert, 2008, p. 1). However, supply chain management encompasses much more than the purchasing or management of goods to the consumer. Supply chain management (SCM), as defined by Lambert (2008), is the “management of relationships across the supply chain, which includes a network of interconnected businesses involved in providing a…

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…