Premium Essay

Supply Chain Managment

In: Business and Management

Submitted By Lizard1423
Words 2656
Pages 11
Planned Supply Chain and Total Quality Management

Summary

The benefits of using planned supply chain and total quality management and how to make them work for your company.

Introduction

Many companies work with no formal systems in their operational planning. This report looks at what these companies need to do to adopt planned supply chain and total quality management.

It first defines the term supply chain management and total quality management and gives detailed descriptions of what they both are.

It then goes on to highlight the benefits of using planned supply chain and total quality management.

Cost areas are addressed and additional costs that the company will incur are discussed, the section also gives details of savings that will be made by implementing these systems.

The following section looks at how to plan and then integrate these systems in to the business.

Various ways of motivating employees to make these systems work are discussed.

And finally a number of obstacles the company may face are shown and ways to overcome them are given.

Research methods

Information was gathered form a variety of books. Each book was analysed to find information relevant to the report. Topic areas were then identified and these formed the sub-titles in the research analysis. Information from the books was then categorised and placed under a appropriate sub-title.

Research analysis

What is supply chain management and total quality management?

Supply chain management is the management of the internal supply chain of a business (Parker and D'Vaz, 2000). As organisations continuously seek to provide a faster, cheaper and better service than their competitors, they have come to realise they cannot do it alone and they must work on a cooperative basis with the best organisations in their supply chain (Handfield and...

Similar Documents

Free Essay

Supply Chain Managment

...The military continually relies on a constant supply of new personnel to maintain their ability to protect and defend our nation. However, finding those willing to serve and those who are qualified to serve is probably the most difficult task each branch of the military faces. As with any company or organization, the United States Army continually seeks new and brighter applicants who are willing to serve. These applicants make up the individual product produced and supplied to the nation thus ensuring the nations security and freedoms. Sure there are those who are eager to serve but to ensure the Army maintains the required troop strength there must be a system in place to help bring additional personnel into the service and to evaluate the applicant (product) to ensure they meet the minimum standards of the Army. That system is recruiting. Probably the hardest but one of the most rewarding jobs, recruiting helps the Army maintain troop strength while ensuring those who are enlisting are the best-qualified applicants available. As we will see, recruiting is not just about getting people to enlist in the Army. It is an intricate sometimes-complicated process, which requires long person-hours and a massive budget to accomplish. In order to evaluate the recruitment process more thoroughly we will look at...

Words: 2311 - Pages: 10

Premium Essay

Supply Chain Managment

...Assignment 2 SCMT 200 OP55: Introduction to Global Supply Chain Management (Due 11pm SUN MAR 15, 2015) Required: 1. (8 marks) Assume that you are at the end of May 2015. Suppose among the headlines in Edmonton Journal at the end of May 2015 are:’ * “Crude oil prices increased by 25% in the month of May 2015” * “Costs are Flying High – Fear of Inflation Looming” * “Another Real Estate Frenzy – It’s HOT in Edmonton and Calgary” (6) Individual impacts of the three events respectively on inventory management 1) If oil prices rise 25%, the cost of production and manufacturing will go up. The cost of transportation will be rising, so ordering larger quantities of inventory less frequently will decrease transportation costs. The 25% increase will also create more work, which will lead to an increase in spending. This increase in spending will make up for the extra inventory that retail stores are holding. 2) If costs rising and a fear of inflation, spending will go down, manufacturing costs will rise and inventories will be lower for retailers to reduce a possibility for write-offs. Interest rates will also rise therefore reducing overall spending. 3) People are making large purchases in the real estate sector, spending is high so retailers will be stocking up more frequently and have more on hand inventory....

Words: 1012 - Pages: 5

Premium Essay

Supply Chain Managment

...Although they do not account for much sales revenue in the economy, they are the most common type of firm in the world. In 2007, an estimated 71% of businesses in the United States were sole proprietorships, although they generated only 5% of the revenue An owner who cannot afford to repay a loan for which he or she is personably liable must declare personal bankruptcy For most growing businesses, the disadvantages of a sole proprietorship outweigh the advantages For such enterprises, the partners’ personal liability increases the confidence of the firm’s clients that the partners will strive to maintain the firm’s reputation Their private property cannot be seized to pay off the firm’s outstanding debts However, a limited partner has no management authority and cannot legally be involved in the managerial decision making for the business. a corporation is a legal entity separate and distinct from its owners, it is solely responsible for its own obligations. Setting up a corporation is therefore considerably more costly than setting up a sole proprietorship. They had to weigh the substantial development and production costs against uncertain future sales. Challenge the status quo, and promote creativity.. The U.S. Secret Service recently became embroiled in a public relations nightmare Encompass 包含 pervade遍及 DHL Thailand asks potential business partners to buy into the company’s “Go Green” philosophy, reflecting a giant leap in sustainability......

Words: 529 - Pages: 3

Free Essay

Supply Chain Managment Case

...1、 Why are the lead times so long? First of all, a lot of time was wasted getting the customers’ order to the shop floor by manual process, although the H.C. Starck had installed a new ERP system and Manger of Marketing and Sales name Mike Coscia use it. However, the Supervisor of Production Control named Jim McMahon don’t have faith in SAP, so the production planning and scheduling still be performed manually, which means that SAP was often ignored. Jim may stack the production order up on his desk, until it is time to release them to the floor, then a manual paper-based process was used to transmit the order from SO to PO, so there seems to be an ‘information black hole’——order go to the mill, but the demand data doesn’t seem to make it back upstream to the melt shop, which take about 2 weeks. Secondly, the long lag time was caused by the current production policy. HCST was a make-to-order job shop, yet few items are sold from stock, or even made in a single production step from stock. Moreover, HCST don’t maintain stocks of some of the standard intermediate size, so the material will likely flow through multiple process order before ending up as the final product like the Figure 3-23 shows. Therefore, manufacturing lead time will take longer than the Figure 3-26 shows. Thirdly, the technology of rolling and fabrication are not good enough. ‘Fishtailing’ and edge cracks make them to stop rolling and prevent these cracks from propagating. Besides, they use the same mill, but...

Words: 1180 - Pages: 5

Premium Essay

Supply and Demand Analysis of Wal-Mart

...The strategy of Wal-mart is to keep their competitive prices and remain a dominant force in the supply and demand market and keep customers coming back, and take as much customers from the competition. References Traub, T. (2012, July). Wal-mart used Technology to Become Supply and Chain Leader. Retrieved from http://www.arkansasbusinss.com.../wal-mart-used-techonolgy- to- become-sup... Wal-mart Keys to Succesful Supply Chain Managment. (2014). Retrieved from...

Words: 320 - Pages: 2

Premium Essay

Operations Managment - Kudler Fine Foods

...It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual stores is responsible for placing their own supply orders. It is also the responsibility of the ordering manager to verify the orders for accuracy. Finally, once the orders have been placed and received, it is the responsibility of the manager to forward the shipping receipts to the accounting department for payment. It is the sole discretion of the store manager to order and stock what...

Words: 1349 - Pages: 6

Premium Essay

Fin/370 Definitions

...| | |into securities prices, and the returns investors will earn on |Finanical Managment, principles and | | |their investments cannot be predicted. |appliations (12 ed., p. 210). New Jersey: | | | |Pentice Hall. | |Primary versus secondary |Primary market, A part of the |Titman, S., Keown, A., & Martin, J. (2014). | |market...

Words: 1017 - Pages: 5

Premium Essay

Operations Management

...Operations Management 4BIM502 Assignment No. 1 Abdurahman Haji 12159352 Adam Al-Ghariyani 10594805 Word Count: 2650 Question 1). The post-construction issues that have come to surface regarding the Northstar HyperMall within the last three months are varied yet linked. These issues are of such importance in relation to the reliability – (According to Hollins and Shinkins, 2006 ) “The most important aspect of any product or service...something performing to specification” that they became the focal point of the General Manager’s (GM) area of concern. These problematic reports have dealt a destabilising blow to the future of the newly constructed Mall by Northstar, forcing the management to ensure that measures are taken both to identify and devise a solution in order to rectify the situation, ultimately restoring efficiency and thus heightening the chances of a success. Issues with relation to Customer Service are of great value, as this is where the interaction between the customer, the staff and all other products and services encompassed within the Northstar Mall facility take place. However, validity of the feedback/suggestions and general comments/complaints must be assured in order to gain a non-bias and factual foundation on which to view options to proceed. In the world business, on multiple planes, the quality of the service provided to the potential customer is paramount, as this service is what, when placed in conjunction amongst other variable......

Words: 2985 - Pages: 12

Premium Essay

Supply Chain Design

...Team Alpha Supply Chain Paper Angelo Meleandez, OPS/571 March 4, 2014 Team Alpha Supply Chain Paper Riordan Manufacturing is a global plastics manufacturer employing over 550 people with projected annual earnings of $46 million. The company is owned by Riordan Industries, a Fortune 1000 corporation with revenues in excess of $1 billion per year. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China (Riordan Manufacturing, 2013). Manufacturing Strategy Team Alpha will be discussing the Hangzhou facility in China and the many aspects of the supply chain design. The Hangzhou fan manufacturing plant uses a Level Strategy of production. The plant's business is a make-to-stock operation in which the future demand for fans is forecasted based on taking the average of sales for the last three years and extrapolating it into the next year. The assumption in using this forecasting method is that history will repeat itself within manageable limits (Riordan Manufacturing, 2013). A level strategy maintains a stable workforce, working at a constant output rate. Shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and lost sales (Jacobs & Chase, 2011 pg.534)....

Words: 611 - Pages: 3

Premium Essay

Vis Scheduleeee

...| | | | | | | | | | | | | | | | | | | | |...

Words: 4814 - Pages: 20

Premium Essay

Essay

...Administrative Details STUDENT NAME: Devika Chand STUDENT ID NUMBER UNIT OF STUDY: ACC 409 2015131951 TITLE OF ASSESSMENT: Supply Chain Management DATE DUE: 19/10/2015 DATE SUBMITTED: 19/10/2015 TUTORIAL/CLASS TIME: Thursday 8-10am 2. Compulsory Student Declaration Plagiarism means using another person’s intellectual output and presenting it (without appropriate acknowledgement of the author or source) as one’s own. Plagiarism constitutes academic misconduct. Where there are reasonable grounds for believing that this has occurred, disciplinary procedures of the University will be instituted. PLEASE TICK TO INDICATE THAT YOU HAVE SATISFIED THESE REQUIREMENTS: o I have read the policy on Programme Regulation on preventing plagiarism and the relevant referencing guides (or have had this explained to me by my unit coordinator) and understand the consequences of committing academic misconduct as outlined in the policy. o This assignment is my own work, I have not participated in collusion, nor have I previously submitted this or a version of it for assessment in any other Unit of Study at the University or any other institution without having obtained the approval of the teacher. o I have taken proper and reasonable care to prevent this work from being copied by another student. I certify that the statements I have attested to above have been made in good faith and are true and correct....

Words: 1419 - Pages: 6

Premium Essay

Bus/475

...This company consumes segment growth that can be exposed to different supplies that will broaden Walmart’s current stores, and alter the locations of the company distribution centers. In this case it creates a panel that requires a large amount of sum of principal. The high cost load for the extension of their stores has to be less; these initiatives have proven to be highly active on a complete foundation (“Walmart”, 2009). Though this might not build a short-range turnover, this inventiveness has a well-known track record to take in wealth. According to “Walmart, 2013”, “Walmart kept 80.9 percent of surplus of its United States processes out of landfills in 2011, and achieved cost savings over a mixture of improved recycling revenue and diminished expenditures” (Accountability Report). Even though Walmart’s new initiatives have clearly made a huge profit, the company has only seen a 10% growth in net sales since 2007 (“Walmart, 2009”). Additionally, $30 billion in sales was reported for the year causing a positive impact on their strategic initiatives (“Walmart, 2009”). A good example would be Walmart cutting their shopping bag supply by 35% in 2011, which beat its goal of a 33% cut by 2013 (“Walmart, 2013”). Walmart’s sales have not only excessively risen within the United States but also on a global scale as well....

Words: 857 - Pages: 4

Premium Essay

Integrated Thinking: a Key Element to Integrated Reporting

...Global integration, technological advances, and rapid population growth and consumption are the changing the mindset of organizations to improve the balance of their social, environmental, and economic performance across the value chain. While traditional financial reporting accounts for a company’s assets, it does not adequately describe the economic phenomena of how a company creates value for societies and the environment. The contextualization of material commercial, social, and environmental factors to an organization’s strategy, governance, performance, and potential, and future earnings best demonstrates its value creation process and commitment to sustainability. The consideration of how a broad set of interdependent and relevant financial and nonfinancial factors affect an organization’s accountability, stewardship, and performance is the basis for integrated thinking and is the key element in integrated reporting. Integrated reporting (IR) principles are global in nature applicable to all organizations across multitude of industries and sectors and are becoming a fundamental practice towards a more cohesive and efficient approach in demonstrating to internal and external stakeholders how the business creates value in the short, medium, and long-term (Tilley, 2014)....

Words: 695 - Pages: 3

Premium Essay

Levi's Case

...And the whole supply chain was too slow . Though Strauss was truculent to invest for the improving of the their system to Enhance the production and supply chain capability and reduce the delay which Was about 8 months from ordering to selling. Strauss started an experiment in its 4 retails store with collaboration of custom Clothing Technology Corporation, software firm based in Massachusetts US. This helped Strauss to get custom measurement of their customers and sort out The best fittings for their customers and has bar code sewn for reordering same Fitting of personal pair™. 1) Calculation of PRETAX ROIC FOR BOTH CHANNELS 1. PRETAX ROIC FOR BOTH OF THE CHANNELS. 1) Wholesaler Channel PRETAX ROIC = Pre Tax Operating Profit /Total Investment PRETAX ROIC = 20% 2) Original Levi’s Store PRETAX ROIC = PRETAX Operating Profit / Total Investment PRETAX ROIC = 12.24% As we compare both of the Channels Estimates wholesaler Channel is doing much Better returns, the higher the ROIC the valuable the division or a company. Original Levi’s Store’s ROIC even after investing lot on assets and charging a good Margin is not satisfactory due to capitulating kind of vast...

Words: 1041 - Pages: 5

Premium Essay

Manager

...Process Managment Description Process Management includes a myriad of activities: insuring that a product or service is of high quality, choosing the appropriate design and technology for producing a good or service, planning and controlling the flow of materials or customers so that lead times are minimized, and distributing finished goods or services. Relevant decisions range from how much material to order for making a product, to determining how much capacity is needed to provide a good level of service, to evaluating which technology will best meet a company's needs. In short, this course focuses primarily on developing and applying tools and techniques to ensure that the right products and resources are at the right place at the right time so as to maximize profit within a business process or supply chain. The “products” could be either goods, services, or both; and the “resources” could be either material, people, money, information, or any combination of the four. In the first part of this course, we will focus on process design and improvement issues by studying the relationships between key process parameters such as capacity and throughput, and by analyzing processes in order to identify and eliminate bottlenecks. And, in the second part of the course, we will focus on process coordination issues by studying methods for the efficient planning and controlling of critical resources....

Words: 543 - Pages: 3