SUPPLY CHAIN UPPLY HAIN MANAGEMENT ANAGEMENT
Report produced for the EC funded project INNOREGIO: dissemination of innovation and knowledge management techniques
Sotiris Zigiaris, MSc, BPR engineer by BPR HELLAS SA
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SUPPLY CHAIN MANAGEMENT
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Contents 1
1.1 1.1.1 1.1.2 1.1.3 1.1.4 1.2
Description
What is the Supply Chain Management (SCM) What is the importance of Supply Chain Management Supply Chain Management Today Supply Chain Management Tomorrow The Supply Chain Management Pipeline Objectives of the Supply Chain Management
1.3 Supply Chain principles/ Methodology and Solutions 1.3.1 Supply Chain Principles 1.3.2 Methodology of a Supply Chain Management project-solutions 1.4
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Morehouse of A.T. Kearney calls the extended supply chain. "The goal of the extended enterprise is to do a better job of serving the ultimate consumer,". Superior service, he continues, leads to increased market share. Increased share, in turn, brings with it competitive advantages such as lower warehousing and transportation costs, reduced inventory levels, less waste, and lower transaction costs. The customer is the key to both quantifying and communicating the supply chain 's value, confirms Shrawan Singh, vice president of integrated supply-chain management at Xerox. "If you can start measuring customer satisfaction associated with what a supply chain can do for a customer and also link customer satisfaction in terms of profit or revenue growth," Singh explains, "then you can attach customer values to profit & loss and to the balance sheet."
INNOREGIO project
S. Zygiaris, Msc, BPR Engineer BPR Hellas SA
SUPPLY CHAIN MANAGEMENT
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1.1.1 What is the importance of Supply Chain Management In the ancient Greek fable about the tortoise and the hare, the speedy and overconfident rabbit fell asleep on the job, while the "slow and steady" turtle won the race. That may have been true in Aesop 's time, but in today 's demanding business environment, "slow and steady" won 't get you out of the starting gate, let alone win any races. Managers these days recognise that getting products to customers faster than the competition will improve a company 's
In the novel, To Kill a Mockingbird, written by Harper Lee, there are a multitude of different psychological theories that could be applied to several characters throughout the novel. The two psychological theories that I will be using to analyze one of the main characters, Scout, a six-year-old girl who is intelligent beyond her years, are Erik Erikson’s psychosocial developmental theory and Howard Gardner’s Multiple Intelligences Theory. At the time when Erikson came out with his theory is was different take on the way children developed than the way that Sigmund Freud addressed child development in his cognitive development theory. Erikson downplayed the sexual aspect of development that Freud concentrated on.
While being an active audience member, I feel that the meaning of the Rite of Spring symbolizes a previous story being told. I feel that the story mimics the emotions and public opinion of Hester having a child out of wedlock in the novel, The Scarlet Letter. The choreographer symbolizes this story and emotion through the movements and utilizing the space of the stage. Some of the movements that were utilized to embody the story were the use of directional arm movements, lunges and upper body movements. Elements of having one dancer jerking her body and sitting alone were used to show that dancer representing Hester's character.
Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.
* A company’s competitive position and profitability can be improved through the use of Supply Chain Management System (SCMS) which if successfully implemented will lead to exemplary customer service. (Oz, 2009)
Reorders are placed at the time of review (T), and the safety stock that must be reordered is:
Success for many organizations depends on the firm’s ability to balance product and process changes while exceeding customer expectations for improved cost delivery and quality. In lieu of these issues firms have started to implement principles of supply chain management. Supply chain management mainly involves managing the flow of incoming materials, manufacturing operations, and downstream distribution has to be in alignment that is responsive to change in customer demands eliminating a surplus of inventory.
To start, Schroeder, R., Goldstein, S., and Rungtusanatham define supply chain as “the set of entities and relationships that cumulatively define materials and information flows both downstream toward the customer and upstream toward the very first supplier.” Schroeder, R., Goldstein, S., and Rungtusanatham goes on to identify supply chain management as “the design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer.” Organizations have to prepare themselves to the best of their ability in order to provide or their customers. Customers expect to receive the upmost service, regardless of the type of organization they make contact with.
The purpose of this report is to explain in brief to the Senior Management of a hypothetical supply chain
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 past, companies focused primarily on manufacturing and quality improvements within their four walls; now their efforts extend beyond those walls to influence the entire supply chain including customers, customers’ customers, suppliers, and
Chopra, S and Meindl, P (2012). Supply Chain Managment; Strategy, Planning and Operation. 5th ed. Harlow: Pearson Education Ltd.
The supply chain management (SCM) literature offers many variations on the same theme when defining a supply chain. The most common definition, as
Understanding supply chain perspectives was a bit more complicated for me. After reviewing the material, I realized that companies need to find ways to differentiate from other companies. Supply chain strategies help companies make their products more desirable by consumers. Once again I concluded that customer satisfaction is the most important KPI in an organization. Just like marketing strategies, supply chain strategies also target customers. They are a chain of dependent activities that, if used consistently, collaborate to target the highest levels of customer service at a lower cost.
Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle River, NJ: Prentice Hall.
chain has become a way of improving competitiveness by reducing uncertainty and improving service. One