...2. Your manager at the medium-sized company where you work has just called you in and asked you to explain why the company should spend its limited financial resources to develop a supplier measurement system. What do you tell her? • It helps in procuring material from best suppliers available in the industry. • It reduces the chances of conflict between buyer and supplier by streamlining the entire process. • It reduces overall operating cost of the company and facilitates operations. • It facilitates continuous evaluation of suppliers and hence increases their performance. • This also helps the company to obtain the desired quality of goods and services. 6. Discuss the logic behind maintaining a reduced number of suppliers for each item. • The buyer can focus on selected suppliers to deliver quality products and services. • There is lower risk associated with the supply base since number of suppliers is comparatively less. • Reduced number of suppliers reduces the administrative cost of whole supply chain. • The company would gain the advantage of pursuing complex supply management strategies to enhance its overall production process. Thus, gaining competitive advantage. • It helps in developing good relationship with suppliers, which is beneficial for the company in the long run. 12. A common statement made in some supply management organizations is, “We can’t be spending money on supplier development—we’re not in business to train suppliers and do...
Words: 425 - Pages: 2
...The aim of supply chain management is a coordination of all the business processes to achieve the best performance of business..Today's business climate has rapidly changed and has become more competitive as ever in nature. Businesses now not only need to operate at a lower cost to compete, it must also develop its own core competencies to distinguish itself from competitors and stand out in the market. Tourism is an industry that offers all the goods that tourist need, such as sight-seeing, hotel, travel agency,shopping area. From that , we can simply know that there is a large part of interaction between tourism and other industry. This will need enough supply chain management flexibility to support the whole process.Supply Chain Management is important because of relationship between each party. If every party join hand and work together, it will create cost savings and time to market reduction and everyone will enjoy the benefit. In order to achieve effective operation of travel agencies supply chain,necessary to maintain the relationship between internal departments. Around the needs of the tourism market, to be coordinated between the various departments.Travel agencies should be based on tourism market - oriented, in the design of tourism products or services, product supply,synchronize the various departments of sales and so on, continuously. And based on changes in supply and demand of tourism,departments must pass information in a timely manner, coordinated and...
Words: 438 - Pages: 2
...Supply Chain Management: CEO Decision on West Coast Expansion Yunior A. Espinal Colorado Tech University SCM 210 – Intro to Logistics / Supply Chain May 1, 2015 Supply Chain Management: CEO Decision on West Coast Expansion Section I: Introduction The main pro for having multiple distribution centers and shipping locations across the U.S. is to have the ability to meet customer demand at all major locations. Other pros include lowering the transportation and freight costs to diverse customer locations. Reducing the travel area when establishing multiple distribution centers and shipping locations lower transportation costs. The expectation is that multiple distribution centers will help to lower the time frame for customer servicing by meeting current customer demand. Effectively, linking demand with inventory (Fortna, n.d.). Intuitively, cons include the cost of land, buildings, labor, and equipment, for the development of multiple distribution centers and shipping locations. The rate of domestic sales for each region should increase faster than the rate of cost of operations for each regional distribution center. The benefit of having more than one international distribution center is to manage more effectively the distribution of international sales. Cons include the higher cost of labor (Blackerby, 2003). Cost of labor is reflective of the underlying exchange rate of the euro/USD or 1 euro = $1.50. The cons of an international shipping location instead shipping from the...
Words: 1518 - Pages: 7
...http://www.google.lt/imgres?start=326&biw=1150&bih=618&tbm=isch&tbnid=Dbm3WmrX4OMx1M%3A&imgrefurl=http%3A%2F%2Fkepyklapenki.lt%2Fkategorijos%2Ftortai%2Fpage%2F2%2F&docid=-Lsi_RUKAgrMRM&imgurl=http%3A%2F%2Ffarm8.staticflickr.com%2F7041%2F6807453896_37b25e7c8f_z.jpg&w=1024&h=683&ei=VHDjUrWkFY2ThQfG-4C4Aw&zoom=1&ved=0CH0QhBwwKDisAg&iact=rc&dur=1400&page=19&ndsp=16 http://www.google.lt/imgres?start=209&biw=1150&bih=618&tbm=isch&tbnid=xKNuDKQ0AacOPM%3A&imgrefurl=http%3A%2F%2Faj-receptai.blogspot.com%2F2010_06_01_archive.html&docid=yXWOBNtT4Dd9FM&imgurl=http%3A%2F%2F4.bp.blogspot.com%2F_DtvauqWRkdU%2FTAgAz-lS-3I%2FAAAAAAAABDM%2FZpsUhO45iG0%2Fs1600%2F109.jpg&w=700&h=507&ei=Um_jUqO7B8SRhQeb84GQCg&zoom=1&ved=0CDsQhBwwEjjIAQ&iact=rc&dur=3220&page=13&ndsp=18 http://www.google.lt/imgres?start=878&biw=1150&bih=618&tbm=isch&tbnid=jnQaw0RU3iEPwM%3A&imgrefurl=http%3A%2F%2Fwww.seimosreceptai.lt%2Fingredientai%2Fzele&docid=LcPV8P-ikOiWeM&imgurl=http%3A%2F%2Fwww.seimosreceptai.lt%2Fwp-content%2Fuploads%2F2011%2F07%2FMelyniu-zele-tortas.jpg&w=640&h=480&ei=fW7jUt6UKISjhgek1oHoDw&zoom=1&ved=0CKICEIQcMF84oAY&iact=rc&dur=837&page=49&ndsp=20 http://aj-receptai.blogspot.com/2010/05/biskvitiniai-pyragaiciai-su-apelsininiu.html http://viskopotrupineli.blogspot.com/2011/08/tortas-su-varske-ir-braskemis.html ...
Words: 528 - Pages: 3
...Wesley S. Randall Department of Marketing and Logistics, College of Business, University of North Texas, Denton, Texas, USA 390 Brian J. Gibson and C. Clifford Defee Department of Supply Chain Management, College of Business, Auburn University, Auburn, Alabama, USA, and Brent D. Williams Department of Supply Chain Management, Sam M. Walton College of Business, University of Arkansas, Fayetteville, Arkansas, USA Abstract Purpose – The purpose of this paper is to investigate the unique supply chain strategies employed by retailers. Design/methodology/approach – A mixed methods approach was employed involving analysis of depth interviews with 27 retail supply chain executives combined with a follow-up survey capturing over 200 responses. Findings – In light of uncertain economic conditions, retailers appear to be developing more agile/responsive supply chain management (SCM) strategies. Additionally, retailers are putting greater emphasis on maintaining a balance of cost versus service than the cost-centered focus found in a prior study. Research limitations/implications – This study focused on US retailers and therefore results should be cautiously extended to the retailing environment in other countries. Practical implications – Retailing is not a “one size fits all” business, and study results suggest the SCM strategies used by retailers depend greatly on the nature of each retailer’s model. However, the need to create agile SCM processes while controlling costs was an...
Words: 5824 - Pages: 24
...SCM 492 I. Ch.1 – Introduction to Supply Chain Management A. Introduction Large firms find vertically integrated firm (business boundaries include former suppliers and/or customers) is difficult to manage. Firms focus on core capabilities, while creates collaborative approach (alliances/strategic partnerships with suppliers, transportation and warehousing companies, distributors and customers who are good at what they do) is most effective and efficient way for firms to stay successful – central to practice of SCM Communication and information exchange (ERP) make global partnerships and teamwork possible to compete in markets. B. Supply Chain Management Defined Supply chain starts with raw materials, turning them into materials for manufactures to assemble the finished products, sell these to wholesalers or distributors, who resell to retailers and then the end-product to consumers. Consumers buy products based on cost, quality, availability, maintainability and reputation factors to satisfy their requirements and expectations. Reverse logistics activities are return products, repairs or recycle them are included in the supply chain. Direct suppliers and customers of focal firm (end-product assembly firm) are first-tier suppliers and customers. Making products and services available to consumers – including production, delivery and recycling of materials, components, end products and services – is a supply chain. The only source of income for...
Words: 1320 - Pages: 6
...management. For this, this paper derives organization types for supply chain management according to the formalization and centralization level of an independent department responsible for supply chain management (SCM) activities, and hierarchical relationship in organizational position and operational responsibility between the SCM department and existing other functional departments. And then, this paper identifies organizational characteristics, which have significant influences on SCM performance by investigating the difference in performance across the proposed organization types. From the results of empirical test, this paper finds that even though too excessive formalization and centralization of the SCM department within a firm may interrupt complete SC integration and performance improvement, a certain range of control by the SCM department is inevitable to build the fundamentals of integrated supply chain management, and thus the temporary pursuit of intensive control focused organization type such as integrated line organization may be considered depending on firm characteristics and environmental change. However, the empirical results further indicate that in the long run, intermediate organization types such as Functional and Process Staff organization that the SCM department maintains an adequate level of balance and harmony with other functional departments while it controls,...
Words: 13751 - Pages: 56
...Course/Unit Information | Course | Postgraduate Diploma in Supply Chain Management and Logistics. | Awarding Body | The Association of Business Practitioners | Batch | SCML - 1406 | Instructor Information | Name | LeenaWanganoo | Phone | +971501139849 | Skype | Leena.wanganoo@gmail.com | Email | Leena.westford@gmail.com | Assignment Information | Full/ Part Assignment | Part – Task 1( LO1, LO2) | Date Assignment Issued | 4.07.2014 | Date Assignment Due | 25.07.2014 | Student Information(To be filled by the student prior submitting the assignment) | Name | Siji Sundaran Manalikkattil | Email | sijisundaran@ymail.com | Date of Submission | 19th July 2014 | Student Assignment covering form is an integral part of the assignment document and should be submitted along with all submissions. Student Declaration I, Siji Sundaran Manalikkattil hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced as per Harvard Referencing format. I further confirm that I have read and understood the Westford School of Management rules and regulations about plagiarism and copying and agree to be bound by them. Students Signature : Siji Student Name : Siji Sundaran Manalikkattil Date : 19th July 2014 Learning Outcomes and Assessment...
Words: 5507 - Pages: 23
...Logistics and Supply Chain Management Practices in India Samir K. Srivastava, Management Development Institute, Gurgaon, India ABSTRACT India is the fourth largest country in terms of Purchasing Power Parity (PPP) and constitutes one of the fastest growing markets in the world. Globalization of businesses, infrastructural bottlenecks, increasing uncertainty of supply chain networks, shortening of product life cycles and proliferation of product variety have forced Indian firms to look beyond their four walls. They face issues related to choosing and working with the right supply chain partners (suppliers, customers and logistics service providers), fostering trust between them and designing the right system of gauging performance. In this paper, we present a snapshot picture of logistics and Supply Chain Management (SCM) practices in India. It is borne out of the felt need by managers, expert professionals and academicians to address logistics and supply chain practices at the national level. Our exploratory study is based on both field visits and secondary data. We capture facts, figures as well as qualitative responses about the logistics infrastructure and supply chain practices. We focus on supply chain collaboration and partnerships, supply chain structure, facilities network design, transportation and logistics and the role of Information and Communications Technologies (ICT). Field visits to at least one major facility of 25 firms were carried out during...
Words: 6875 - Pages: 28
...Can anticipatory logistics work in the corporate world? Why or why not? Supply chain management is the driving factor of the supply chain process, and is one of the most important factors in the business world today. Products originating from raw materials, international sales shape the foundation in which a supply chain is built and has complex and significant contributions to the overall success. A customer’s demands and requirements need to have special attention paid to them to ensure that orders are accurately shipped, arrive on time undamaged, and with the correct specifications as designed. SCM is essential to minimizing the amount of access inventory and cut the unnecessary cost associated with logistics. In today’s society business is at a new level, utilizing the world’s vast resources of technology. Anticipatory Logistics is just one of those resources that has been placed at the fingertips of the corporate world. Anticipatory logistics allows for parts to never go under stocked thus providing the customers with the parts desired all the time. With societies need for things at a drop of a dime this system fits the criteria to get the job done. One of the largest organizations to implement and use the theory of anticipatory logistics is the military. In this paper I will analyze both SCM and AL and note their contributions to the military as well as the corporate world. Supply Chain Management Real-time predictions of what a customer desires and the expedited...
Words: 1202 - Pages: 5
...Accepted: 31/01/2010 Appeared: 16/01/2010 ©HyperSciences.Publisher Abstract: Supply chain Management has assumed a significant role in firm's performance and has attracted serious research attention over the last few years. A literature review reveals a considerable spurt in research in theory and practice of SCM. Combining and informing on features of Supply Management and distribution Management. This integration has resulted in the concept of extended enterprise and the supply chain is now manifest as the collaborative supply chain across intercompany borders to maximize the value across the entire supply chain. A large number of research papers have been published in various journals in last two decades. In this paper an attempt is made to review the status of literature on Supply Chain Management. A literature classification scheme is proposed. A total of 588 articles from 13 refereed academic journals are classified into articles in five methodologies i.e. Exploratory, Normative, Methodology, Literature Review and Hypothesis testing. This literature review finds that exploratory type of research is mostly preferred it is expected that with the maturity of SCM the hypothesis testing method will pick up. The articles are further categorized in fifteen categories on the...
Words: 10460 - Pages: 42
...Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased significantly that result in a large amount of companies have taken actual benefits in logistics, such as reducing costs, enhancing customers' satisfaction and increasing sales. However, some people are confused with the relationship between logistics and supply chain management, what logistics or logistics management is and what supply chain management is, weather or not that they are the same meaning in operations. Therefore, this essay will argue that logistics management and supply chain management are not exactly the same in operations because of the scope where utilized and some specific activities are similar, but some are different. In the end, this essay will also talk about the reasons for logistics management is a important strategy to manufacturing or service companies. The first argument is that they are not completely the same terms in operations because of the scope where utilized are different. Firstly, according to Murphy & Wood (2008), CSCMP states that the supply chain management includes all activities about planning and management...
Words: 1177 - Pages: 5
...SCM Research paper | Shreerang Datar Supply Chain Management (SCHM 6210) Spring 2016 RESEARCH PAPER “ARTIFICIAL INTELLIGENCE IN SUPPLY CHAIN MANAGEMENT” By Shreerang Datar (NUID 001649801) 04/14/2016 1 SCM Research paper | Shreerang Datar Table of Contents 1. Executive Summary……………………………………………………3 2. Introduction…………………………………………………………….4 3. Background…………………………………………………………….5 4. Findings………………………………………………………………...6 a. Artificial Intelligence Tools……………………………………..7 b. Business Examples…………………………………………….10 5. Future Trends and Challenges………………………………………...18 6. Conclusion……………………………………………………………19 7. Bibliography…………………………………………………………..20 2 SCM Research paper | Shreerang Datar Executive Summary: Surpassing the limits of business intelligence, artificial intelligence (AI) focuses on developing an algorithmic approach in decision making. This technology has come so far that inculcating human competencies like logic, reasoning, simulation and analytical thinking in a machine seems to be in reach. In the field of Supply Chain Management this technology is placing a strong foot in achieving creative optimization and automation in different supply chain processes. AI has found its applications in various SCM aspects which include Inventory management, Network design optimization, Logistics strategy formulation, demand forecasting, etc. It is designed to generate a step-wise mechanism for problem solving in which it defines the problem...
Words: 3566 - Pages: 15
...businesses no longer compete as solely autonomous entities, but rather as supply chains. Business management has entered the era of internetwork competition. Instead of brand versus brand or store versus store, it is now suppliers—brand— store versus suppliers—brand—store, or supply chain Address correspondence to Dr. D. Lambert, Department of Marketing Logistics, The Ohio State University, 506 Fisher Hall, 2100 Neil Avenue, Columbus, OH 43210-1399. E-mail: lambert.119@osu.edu versus supply chain. In this emerging competitive environment, the ultimate success of the single business will depend on management’s ability to integrate the company’s intricate network of business relationships [1–3]. Increasingly, the management of multiple relationships across the supply chain is being referred to as supply chain management (SCM). Strictly speaking, the supply chain is not a chain of businesses with one-to-one, business-to-business relationships, but a network of multiple businesses and relationships. SCM offers the opportunity to capture the synergy of intra- and intercompany integration and management. In that sense, SCM deals with total business process excellence and...
Words: 10167 - Pages: 41
...Supply Chain Management Supply chain management (SCM) is of great importance to the private sector as it is to the military. Both industries have similar approach to the management of the supply chain, requiring desirable result but for different reason. Successful supply chain management takes coordination and integration within and between companies. The ultimate goal of an effective supply chain management system is to make products available when needed and at the same time reduce on hand inventory. Supply chain management is described as the management of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer and on to the consumer. The management of materials consists of the movement of goods from a supplier to a customer and any customer returns or service needs. The information piece is the transmission of requisitions and status updates on deliveries. The financial piece includes the credit terms, payment schedules, and consignment and title ownership arrangements Supply chain management is also improving the way a company finds the raw materials it needs to make a product or service and deliver it to the customer. Company’s five basic components of supply chain management are plan, source, make, deliver, and return. Planning is the tactical part of supply chain management. Companies need a line of attack for managing all the assets that go toward meeting customer request for their product or service. A big part of...
Words: 1846 - Pages: 8
