Supply Chain Management An Integrated Process Essay

Introduction: Supply chain management is an integrated process that constitutes the various stages through which a product passes prior to reaching the ultimate consumer. Every product or service is designed in such a manner that it is able to meet the requirements of its target consumers. Through a well formulated and managed supply chain process, products that are manufactured are able to reach out to its consumers effectively and through the process it is possible to make it available at a convenience to the customers. The processes constituted in the supply chain system are continuously active and are always being monitored and managed by several people across the system. An efficient supply chain management system ensures that there is speedy delivery of the product from the stage of the manufacturing through the various channels for delivering it to the consumers. The usual supply chain comprises of raw materials being supplied by different suppliers to a manufacturer who then sends the finished product through a vast distribution network further comprising of a distributor, wholesaler and a retailer through to the final customers who purchase the product. There is a percentage of income that is earned on the product at each stage of the process when the product passes through to the next stage. The price at which a customer purchases the product includes all the costs and margins that are collected at the different stages of the supply chain. Without anShow MoreRelatedSupply Chain Management For A Competitive Advantage1505 Words   |  7 Pagescompetitive advantage. It is called supply chain management and it includes all integrated activates which introduce to market place and maintain customer satisfaction. This supply chain management drives from multi- disciplinary departments such as procuring, transportation, manufacturing products, c ustomer services, distribution of product into integrated program. Successful management will be in coordination and integrated in all these activate in an unbroken chain process. It supports and interconnectedRead More1.1 Explain the Importance of Effective Supply Chain Management in Achieving Your Organizational Objectives.1528 Words   |  7 Pages1.1 Explain the importance of effective supply chain management in achieving your organizational objectives. Supply Chain Management as defined as Maximising added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market†. Competitive Edge through Core Competencies Todays 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 toRead MoreThe Implementation Of Ssme Has Two Core Issues805 Words   |  4 Pages The implementation of SSME has two core issues, one is the integrated supply chain, another one is customer needs. Specifically, the operation within the entire supply chain should not be split into several parts, each sector of supply chain should consider customers requirements. Due to the existence of gap between Supply Chain Management and SSME, the concept of Service Science can not be implemented well in practice and the customer requirements still can not be well satisfied. In additionRead MoreAssignment 2: Chain Management at Durham International Manufacturing Company (Dimco)1373 Words   |  6 PagesAssignment 2: Chain Management at Durham International Manufacturing Company (DIMCO) Case Study Determine whether integration efforts should start with suppliers, distribution, or both. Explain the rationale for your decision. What are the basic components of a supply chain? Most companies are utilizing a five supply chain components, in order to bring products to the marketplace. The five supply chain components are Suppliers, Manufacturers, Distributors, Retailers, and Consumers/Customers. EffectiveRead MoreSupply Chain Risk Management Analysis1521 Words   |  7 Pages Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. Supply chain risk management is an intersection of supply chain management and risk management. For this we need to understand the benefits and as well as the limitations of both the concepts. Supply chain risk is about any threat of interruption in the order of workings of the supply chain. This Risk is generated as result of risk ‘drivers’ that are internal or externalRead MoreLogistics And Supply Chain Management1033 Words   |  5 PagesLogistics and supply chain management is an important aspect of a firm’s strategy for the business to achieve success by creating value throughout the logistics and supply chain. The research paper will outline the concepts that are involved in creating the logistics and supply management framework. The logistics and supply chain management strategies will drive success for the company towards fulfilling and supporting customer needs, procurement and manufacturing operations of the firm. This researchRead MoreLogistics Management And Supply Chain Management1171 Words   |  5 PagesLogistics and Supply Chain Management 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 resultRead MoreRubber Company1252 Words   |  6 Pages2) Why did Harrison focus on an integrated supply chain as a significant element of Atlas’ new strategic plan? As Harrison and his team found that Atlas lacked integrated supply chain capabilities due to which disjointed distribution network was there and various third – partly logistic companies were used which lead to many problems and challenges. And logistics was only considered as a storage and distribution function rather than a strategic supply chain process. As Harrison came out with a strategicRead MoreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategyRead MoreIbm Supply Chain1592 Words   |  7 Pages* Supply Chain Management In IBM: * Early 1990’s: decentralized geographic and functional departments * Mid-late 1990’s: Distribution and logistics functions centralized into a global organization with world-wide responsibility * Early 2000’s: merger of Customer Fulfillment, Procurement, Manufacturing, and Global Logistics/Distribution functions into a new global Integrated Supply Chain function * Result: cost savings of $5.6B in 2002 and $7B in 2003 * A Case study