Supply Chain Management:
A Look at the Concept and its Advantages, Disadvantages (Challenges), and New Trends
Andrew Gedeon, Polette Merza(C), Haitham Arab, Andrew Arida, Sami Fleihan
Operations and Production Management (OPM301)
Dr. Raed El-Khalil
May 4, 2015
Abstract
The paper takes a look at one of the most popular topics in all the international companies, which is Supply Chain Management. The study starts by letting you know how it all started, and to explain to the reader what is supply chain, what it is made of, and how it is implemented in companies. The next part will let the reader know how this can help your company going forward, the benefits, and how it improves your company. The next part of this paper will be dealing with the new trends affecting Supply Chain Management, mainly on how technology have let Supply Chain Management improve to make it more effective and sufficient, and also the rising concerns about the environment, and how supply chain management went green.
Table of Contents
Introduction
The Scope of Supply Chain Management
Need for Implementation
Need for IntegrationNeed for Collaboration
New Concepts in Supply Chain Management
Information Technology and Supply Chain Management
Green Supply Chain Management
Supply Chain Management:
A Look at the Concept and its Advantages, Disadvantages (Challenges), and New Trends
Introduction:
The concept first emerged in the 1980s after an extensive study was done on the time it takes
us all their manufacturing defects of existing L.L.Bean products at an agreed upon reduced rate,
Supply chains are an important factor in the running of a company. A lot of business decisions can be based on how well the supply chain is flowing. The relationship between different operations within a supply chain can have a huge impact on the way the chain works, depending on how well these relationships are managed. This is why companies try to practice good supply chain management. This essay is going to be looking at supply chains and analysing the way in which the relationship between the different operations can affect the way they work.
Reorders are placed at the time of review (T), and the safety stock that must be reordered is:
The impact of globalization is increasing every day and companies are becoming more associated both in and out with other organizations. The turnaround time in any business for any event should be as minimum as possible. Enterprise systems add value to the organization by increasing both the operational efficiency and the throughput of the company. Today, supply chain management (SCM) is eventually becoming a core competency wherein the enterprise resource planning (ERP) system is supposedly an integral part of supply chain management (SCM).
This report has been prepared to analyze the supply chain management process, design and planning of this particular Domino’s location. Theoretical parts have been used to evaluate the company’s supply chain process in terms of its product and service offering. This report also focuses on the daily operations of this franchise. The focus has been placed on the daily operations processes of the Dominos store located on lakeshore Blvd. (w), Toronto, ON. This report is a result of team research, case study analysis, a store visit, interviews and insights from Dominos existing employees, application of theoretical concepts, models and prior experience. This study shows how Dominos has been able to position itself as a market leader in its segment. Finding various aspects of the company’s processes, provides as an token of appreciation to the company’s efforts to continuously grow in the changing market conditions by taking new product design into consideration and being innovative against its competition.
Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay
In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as
According to our class text Supply Chain Management’s goal is to create fast, efficient, and low-cost network of business relationships to get a company’s product from concept to market. In order to understand the goal we must know that the supply chain is the process the raw materials of a product go through in order to be available to the consumer. The relationships that the business creates are needed in order to create the product, each process the product goes through creates value, the supply chain is often called the value chain. Internet technologies are increasingly making the supply chain management process much more efficient and worth the initial investment. The supply chain management life
Today’s business has become more competitive and requires cost effective solution to give a better quality product to the customer. The productivity advantage of supply chain management gives a winning edge to the suppliers. More production has been possible in recent times dues to better management of
Q1) In today’s business environment, no enterprise can expect to build a successful product, process, or service advantage without affiliating their strategies with those of the supply chain system in which they are heavily linked. The literature examined for the purpose of this essay identifies the many different definitions of Supply Chain Management and the overall effectiveness of supply chain management to a business in the twenty first century. This essay also highlights whether supply chain management is a passing fad or a fundamental change.
An effective supply chain is the key to creating business value, and with expansion on the horizon. Good planning and willingness to adapt to changes are key to maximizing our results. In order to do this we have come up with a plan that will make Lady Americana mattresses a household name in our target expansion markets. In the state of Oklahoma, Lady Americana has already become a brand that has a bed in almost every home. The current systems in place are effective for todays operations, below are some challenges and recommendations to improve upon this to create an effective supply chain, that will grow with you as your business does.
In today 's competitive business environment many firms face the arduous mission of managing their supply chain. In an effort to gain competitive advantage, firms must make key decision involving logistics and operations management to move products and service across the supply chain. The materialization and attractiveness of the Internet has made supply chain management more attainable for business enterprises. Research shows that Internet-derived technology has enabled companies to build and deploy supply chain management systems to perform key business decisions involving product flow and scheduling, process design and selection, product sourcing, layout, job design, and technology management.
“Supply chain management includes, but is not limited to, new product development, marketing, operations, distribution, finance, and customer service” (Chopra and Meindl, 2001). The flow of supply chain management can be divided into three main flows; I have outlined it in the diagram below to show how each flow is interconnected to the other.
The first research publication presents guidelines on focus to the study one development efforts to enabling firms or companies to benefit from e-business in the (SCM) supply chain management. The type of presented resources allocation is based on exports opinions. The previous study (Christopher, 1998) it has identified that the tasks orientated, and interaction centred which focus on groups workload as an ideal methodology for exploring the experience of professionals and experience describing by the Delphi research method (limestone 1976) was actually used as data collection method in first publication. This methodology including an interactive process which summarising and evaluate the type of respondents' point of views on things such
Logistics as be defined by the Council of Supply Chain Management Professionals is the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. This definition includes inbound, outbound, internal, and external movements (Vitasek, 2013). Reverse logistics (RL), can happen at any point within the supply chain, so therefore, RL can be defined as the process of planning, implementing, and controlling the flow of raw materials, in-process inventory, finished goods and related feedback from the point of consumption, the customer, to the point of origin for the purpose of either disposal, refurbishing, reuse, or reallocation in a cost effective manner to recapturing value.