...SUSTAINABILE SUPPLY CHAIN MANAGEMENT Article caption Supply chain concerns the flow of goods and services from one point to another. The author Stefan Schalteger and Roger Burritt (2014), measuring and managing the supply chain management is critical to the organization and will remain to maintain the efficiency in the organizations in the world today. Srivastava, Samir K (2010) states that by building on sustainability in the supply chain will ensures that the management is doing the right thing in managing the organization hence creating competitive advantage. Statement of the author's purpose The major reason why the author wrote the article about this topic is to address the need of building sustainable supply chain in all organizations. Secondly is to explore and create the understanding of supply chain. He also develops the practical approach that develops sustainable supply chain performance management. Finally, the author explains the measurement of the sustainable supply chain in all the industries. From the point of view of the author, he is of the mind that the building a sustainable supply chain in an organization is one of the ways that organizations will smoothen the flow of services in the organization. Application of supply chain management theory relevant to article Supply chain management is the management of the flow of the firm’s goods and services from one point to the other. His explanations on the relevant concepts of sustainable supply chain, show that...
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...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 J ANUARY 2000 1 SUPPLY CHAIN MANAGEMENT Contents 1 Description 1.1 1.1.1 1.1.2 1.1.3 1.1.4 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 1.2 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 Expected results/ benefits 1.4.1 Opportunity areas (examples) 1.4.2 There for the Taking 1.5 Characteristics of firms/ organisations and service providers 2 Application 2.1 Where the technique has been applied 2.1.1 How can Supply Chain Management (SCM) be applied to an organisation? 2.2 2.3 2.4 2.5 Types of firms/ organisations where SCM can be applied Duration and implementation cost of Supply Chain Management Conditions for implementation European organisations supporting the implementation of the method 3 Implementation procedure 3.1 Steps-actions/ phases 3.1.1 Implementing a competitive approach to Warehousing and Distribution 3.2 3.3 Partial techniques and tools included in each...
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...Supply Chain Management Name Course Date Supply Chain Management Supply chain management is the supervision of goods and services till they reach the target customers or market. Companies should have supply chains which are efficient, responsive to the needs of clients, agile and risk hedging. Firms and other business entities need to put in place mechanisms that ensure incentives are aligned in the supply chain as expected so that the costs, incurred risks and rewards of carrying out business are distributed equitably across the network. Misalignment of the incentives affects a company ability to control its supply chain resulting in excess inventory, high operational costs with reduced profits and a weak return on assets (Narayanan & Raman, 2004). A company needs to devise strategies which will enhance the supply process of its products till they reach the desired market or customers. One of the methods to be used is the framework of uncertainty which elaborates on the demand and supply uncertainty faced by a product. Fisher introduces the aligning of supply chain strategies at the right level of demand. The demand uncertainty deals with the approximation of the demand for a good and, therefore, the deployment of different supply chains based on the need. Functional products such as basic clothing, food, oil and gas and household consumable items tend to have extended product life and consistent demand, need for a more mature and stable supply process (Narayanan &...
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...SUPPLY CHAIN MANAGEMENT Supply chain management is defined as a combination of artistic knowledge and science that companies adopt in a bid to improve the acquisition of raw components crucial to product innovation and service delivery to the customers. There are five main components of Supply chain management. They are as follows; Plan It is the core part of SCM and is referred to as the strategic portion. Every company needs a strategy on which it can manage its resources and meet customer requirements in regard to products and services. The plan involves development of metrics that monitor the efficiency of the supply chain. This should be able to cut on the coasts and increase product value to customers (Gattorna, 2009, p 98). Source This involves identifying the supplier or company that will be given the responsibility of supplying goods and certain services to the company. Supply chain managers must come up with a pricing strategy that is able to improve the relationship between the customer and company. This will be based on a metric that monitors and improve matters related the customer ihnteractions.Af5ter this is achieved the managers are required to set procedure for managing the products and services .This will include reception and verification of shipments and transfers of the shipments to manufacturers(Gattorna,2009,p 138). Make This is the step that covers manufacturing. Supply Chain manager’s schedule the actions that are important to production i.e...
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...Introduction This report is engendered to analyze the functions, procedures and operations that Canadian Freightways participate in order to sustain synergy between CF and its customers, its views on outsourcing, as well as the efficiency of its operations. However the real question is; is CF taking all possible measures to fully satisfy their customer’s requirements? Are there areas within CF’s internal controls that could be altered in order to improve and provide a better experience for their customers? If not, what are the externa factors and how could outsourcing be used to capitalize on these areas of structural weakness? In addition to establishing possible solutions an examination of Canadian Freightways practices will be analyzed to determine what steps are taken to resolve all barriers of customer fulfillment, and in addition a breakdown of a make or buy analysis will define Canadian Freightways approach to outsourcing. This report will also include an evaluation of the approaches CF takes to ensure effective and efficient operations and how these activities deliver customer value. Finally a few suggested recommendations will be produced to help improve the organization’s customer fulfillment and overall success. Canadian Freightways and Outsourcing Why must Canadian Freightways outsource and what are benefits to having work operations and product production completed “in-house” (Make or buy decisions Investopia) rather than by another company? When analyzing...
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... Extended Diploma Strategic Management and Leadership Unit Title: Strategic Supply Chain Management and Logistics Student Name: S M MOINUL HOQUE Student ID / Login: ______________ contents Introduction Task 1.1 explain the importance of effective supply chain management in achieving organisational objectives Task 1.2 explain the link between supply chain management and business functions in an organisation Task 1.3 discuss the key drivers for achieving an integrated supply chain strategy in an organisation Task 2.1 evaluate the effectiveness of strategies used by an organisation to maintain supplier relationships Task 2.2 use information technology to create strategies to develop an organisation’s relationship with its suppliers Task 2.3 develop systems to maintain an organisation’s relationship with its suppliers Task 3.1 assess how information technology could assist integration of different parts of the supply chain of an organisation Task 3.2 evaluate how information technology has contributed to the management of the supply chain of an organisation Task 3.3 assess the effectiveness of information technology in managing the supply chain of an organisation Task 4.1 explain the role of logistics in supply chain management in an organisation Task 4.2 evaluate procurement practices in an organisation Task 4.3 discuss the...
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...Diploma in Supply Chain Management and Logistics. | Awarding Body | The Association of Business Practitioners | Batch | SCML - 1402 | Instructor Information | Name | GV Rao | Phone | | Skype | | Email | gaddevrao@yahoo.com | Assignment Information | Full/ Part Assignment | Part – Task 1 | Date Assignment Issued | 23/03/2014 | Date Assignment Due | | Student Information (To be filled by the student prior submitting the assignment) | Name | | Email | | Date of Submission | | Student Assignment covering form is an integral part of the assignment document and should be submitted along with all submissions. Student Declaration I, _________________ (Name) 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 : _____________________ (signed) Student Name : Date : Learning Outcomes and Assessment Feedback Name of the Assessor | | | | | Learning Outcomes | Assessment Criteria (AC) | Assessor Feedback | LO 1 | | | Understand the importance of supply chain management and logistics...
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...DOM05 Supply Chain Management Assignment – I Assignment Code: 2014DOM05B1 Last Date of Submission: 15th November 2014 Maximum Marks: 100 Section-A Each question carries 25 Marks. Q1. Discuss in detail few methods of Cost Control in Supply Chain Management. Q2. Discuss in detail few challenges faced by Supply Chain Managers today with few examples. Section – B Case Study (50 Marks) ABC Company is electronics, aerospace, electrical machinery, semi-conductors, and computer products Company. Its annual sales are nearly Rs. 1000 crore. It has manufacturing plants in 5 states and 4 foreign countries. It employs 120000 people worldwide. While its operations had expanded, its purchasing, warehousing and shipping functions had lagged behind its other business units in effectiveness. Although a JIT system had been installed, problems with materials remained because no one seemed to be accountable when difficulties arose. For example, a recent order from a supplier arrived late at ABC Company’s Jamshedpur plant. Purchasing blamed the warehouse and shipping. The warehouse blamed production control. Production control blamed warehousing and purchasing. Shipping claimed that the motor carrier lost the order for several days in Patna, thus delaying delivery. Each function pointed an accusing finger at the other functions. Discuss: How the problems faced by ABC Company could be solved by the use of Supply...
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...FUTURE Chapter 16—SUPPLY CHAIN PROCESS INTEGRATION AND A LOOK TOWARDS THE FUTURE For those for whom integration is not happening, the future is bleak and getting darker.[i] There is a lot of value that is “trapped” between the processes trading partners use to transact business, and when companies work together, they can unlock that value and share its benefits.[ii] LEARNING OBJECTIVES After completing this chapter, you should be able to: • Discuss and compare internal and external process integration. • Discuss the requirements for achieving process integration. • Describe the barriers to internal and external process integration, and what can be done to overcome them. • Understand the importance of performance measurements in achieving internal and external process integration. • Understand why it is important to align supply chain strategies with internal process strategies. • List and describe the eight key supply chain processes, and how trading partners integrate these processes. • Discuss a number of the latest trends in the areas of process management and process integration. CHAPTER OUTLINE Introduction Achieving Internal Process Integration Extending Integration to Supply Chain Trading Partners A Look at Trends and Developments in Integration and Process Management PROCESS MANAGEMENT IN ACTION—An Interview with Zack Noshirwani, Vice President of Integrated Supply Chain for Raytheon The Raytheon...
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...Supply Chain Management Executive Decision The purpose of this business report is to guide the investors on the decisions they should make for designing and organizing their supply chain for their line of power hand tools, including electric drills, saws and sanders. This report will explore the option of using vertical integration as the supply chain strategy and they approach the investors should take towards operations management. Metrics, issues, organizational structure, and cost effectiveness will also be presented in this business report. The investor will have within this report also, the results that provide sustainable dominant competitive advantage to have the right amount of the right product in the right place at the right time. Supply Chain Management Supply Chain Strategy In any manufacturing business the first this to consider is the supply chain strategy that will effectively fit and grow with your business. In researching the right supply chain strategy for your business which is to manufacture and market a line of power hand tools, including electric drills, saws and sanders, the supply chain to be used is vertical integration. Vertical integration is “developing the ability to produce goods or services previously purchased or actually buy a supplier or distributor” (Heizer, Render, 426). Because you the investor choose to own and operate your own production facility and are also considering ownership of any other component of the products...
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...Wal-Mart Supply Chain Mathew Chitwood Southwest Florida College Marketing Strategy Professor Blakely November 20, 2013 Wal-Mart Many would argue the strategic advantage Wal-Mart holds in the retail industry is the ability to offer lower prices than their competitor’s, which translates into greater savings for the consumer; however, the key to offering lower prices stems directly from Wal-Mart’s distribution and inventory system. Through the application of advanced technological practices to the establishment of distribution centers throughout the country, Wal-Mart has been able to out-maneuver competitors by ensuring that store shelves are rapidly re-stocked with items that consumers wish to purchase. How exactly does Wal-Mart’s distribution system correlate to lower prices for their consumers one may ask; the answer is really quite simple. As stated by Ferrell & Hartline, “every time a different intermediary handles a product, the cost to the final customer increases” (Ferrell & Hartline, 2011, p. 282). With this in mind, it is rather evident as to why the establishment of distribution centers can be viewed as a key element to Wal-Mart’s competitive advantage. Wal-Mart currently operates 158 distribution centers which is one of the largest in the world. Much like the airline industry, these distribution centers are known as “hubs of activity” (Wal-Mart Corp, 2013) for the business. Combined with operating “a fleet of 6,500 tractors, 55,000 trailers, and...
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...Introduction Supply chain management is an integral component of operation management and has a direct effect on how successfully organizations function. The purpose of supply chain management is to remove communication barriers and eliminate redundancies by coordinating, monitoring, and controlling processes within an organization. Identifying the components of the supply chain, facilitating better decision-making, creating improved communication, and identifying weak links in the chain causing bottlenecks in an organization are crucial to supply chain integration. There are three principle elements of supply chain integration: management of information and financial flows, inventory management, and management of relationships of trading partners (Power, 2005). Modern businesses are dynamic in nature and to stay competitive (organizations) need to optimize their business processes by understanding and reacting to the rapid changes in their environment' (Banavar, Black, Caceres, Ebling, et al, 2005). Dialysis, a specialized field in the healthcare industry, is a major business entity with penchant for a rapidly changing environment. Dialysis is a medical treatment for individuals with limited or no kidney function and without this specialized therapy these unfortunate individuals would not survive. In dialysis, supply chain management is crucial from all aspects in providing comprehensive and adequate patient care. The constant changing needs of patients and the organizational...
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...1. What are the 4 “R’s” in supply chain management? Describe. The 4 “R’s” in supply chain management is Responsiveness, Reliability, Resilience and Relationships. Responsiveness: This is the need for your company to be flexible and nimble. To be able to change as necessary to met customer needs. This implies the company is listening to the customers. Reliability: This is the ability to focus on the reliability of the logistics process. The company has to be sure they are able to reduce inefficiencies wherever possible to increase reliability. Companies are able to use tools such as six sigma to help control processes. Resilience: The Company must have the ability to be resilient to unexpected happenings. The resilient supply chain is able to cope with uncertainties in the business environment. Relationships: The buyer and supplier relationship must be based upon partnership. Both parties should be looking for ways to partner and ensure a win for both parties. 2. List and describe the 4 most pressing issues in supply chain management currently. The most pressing challenges in supply chain management currently are the new rules of competition, globalization of industry, downward pressure on price and customers taking control. - New rules of competition: Organizations are competing more on their core processes rather than spending on ads and pushing their brands. By being more cost efficient in their processes than their competitors, the organization will...
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...SIBM,Bengaluru | Supply Chain Management | Assignment :Set 1 | | Karthik Periyasamy P 14020841020 Question: 1 You are the manager of Strategic Sourcing at Toyota Motor Corp and have just been called by the VP of global sourcing to whom you report. There has been a problem with the least 8 vehicles exhibiting sticking accelerator pedals and your boss is upset. Strong Evidence points to a problem with CTS, an electronic supplier, which has been recognized for high quality standards by the Toyota. Answers a) Identify the exact sequence of steps - a project plan - on how to handle this problem, from dealing with customers to identifying causes. Explain what should be done and why? ------------------------------------------------- The first step to be followed is to check with the different dealers across various cities to know if there are any more such cases. Those dealers should be asked to contact the customers to know if they are facing any such similar issues related to the accelerator pedals. If so, those vehicles need to be recalled for fixing the issue. This is the most important step as customer relationship is the key for any firm’s success. If the defective number of cars is too high, a special team can be setup to respond to the concerns of the customers. ------------------------------------------------- The next step would be to setup a discussion with the supplier CTS, to understand the severity of the problem. This discussion also provides...
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...1.1 Explain the importance of effective supply chain management in achieving organizational objectives of the chosen Organization. (AC 1.1: Explain the importance of effective supply chain management in achieving organizational objectives). 1.2 Explain the link between supply chain management and business functions of the Chosen Organization. (AC 1.2: Explain the link between supply chain Management and business functions in an organization). 1.3 Discuss the key drivers for achieving an integrated supply chain strategy of the Chosen Organization ( AC 1.3 : Discuss the key drivers for achieving an Integrated supply chain strategy in an organization). 2.1 Explain the role of logistics in supply chain management of the chosen Organization.(Assessment Criteria2.1 : Explain the role of logistics in supply Chain management in an organization). 2.2 Evaluate procurement practices of the chosen Organization. (Assessment Criteria 2.2: Evaluate procurement practices in an organization). 2.3 Discuss the factors that must be considered when improving logistics and Procurement practices of the chosen Organization (Assessment Criteria 2.3 : Discuss the factors that must be considered when improving logistics and Procurement practices an organization). 3.1 Explain the importance of INCOTERMS 2000/ 2010 in the chosen Organization.(Assessment Criteria 3.1 : Explain the role of Inco...
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