The Supply chain is another responsibility that requires skills and techniques to maintain. During the creation process, organizations are creative when it comes to gaining the attention of their customers. At the same time, organizations have to be just as creative to maintain those customers’ interests. Big Mac, gasoline, automobile repair, and even a textbook require supply chain management. 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. …show more content…
For example, to supply the needs to create the quality of a Big Mac there are a multitude of things to take into retrospect. All of the ingredients that are required to put into each Big Mac has to be on point in order to deliver that same quality taste, value, and appreciation every time. Customers are much more pleased with the quality of a product over the quantity of the product. It will take much time, dedication, and consideration into distributing the exact required measurement of the ingredients. Developing the Big Mac has to start from the supplier of the goods, to the factory, to the distributor, then to the
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.
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.
Supply chains manage the movement of products from the acquisition of raw materials through production and finally distribution to the end user. A properly designed supply chain can create many opportunities to drive down cost and increase revenue opportunities. In order to create a supply chain that is sustainable and flexible it is necessary to identify and align company goals and initiatives with the manufacturing and distribution of products.
Mellat-Parast and Spillan (2014) defines supply chain management as the method of handling material and information moves from the beginning, through the organization, and to the end-user. This is a very important factor of organizational strategy.
A supply chain is a system of people, activities, information, and resource involved in creating a product and moving it their customers. First is the strategic supply chain management. Best value supply chains strive to excel along four measures. Speed is the time duration from initiation to completion of the production and distribution process. Quality refers to the relative reliability of supply chain activities. Supply chains’ efforts at managing cost involve enhancing value by either reducing expenses or increasing customer benefits for the same cost level. Flexibility refers to a supply chain’s responsiveness to changes in customers’ needs. The second component of the strategic supply chain is agility, the supply chain’s relative capacity to act rapidly in response to dramatic change in supply and demand. Adaptability refers to a willingness and capacity to reshape supply chains when necessary. Lastly, alignment refers to creating consistency in the interest of all participants in a supply
Supply chain is the process of getting a product from point A to point B. With how advanced technology has become, there are more ways than ever to transport the product. The goal of a supply chain managers is to get the product into their hands. The mangers negotiate with the suppliers to purchase the raw materials. Then, they ship those materials as efficiently as possible through trucks, ships, and trains. Then finally, they do everything they can to make the product gets to the store on time so the consumer can enjoy the product. Why is this so important? Well, without it, we as the consumer wouldn’t enjoy that fresh produce that Kroger provide or the convenient drive thru pharmacy. Everything we own is because of a company’s supply chain, and without these supply
Supply chain is starting point before transforming product to customer. Supply Chain Management (SCM) as defined by Tom McGuffog is "Maximizing added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market." Supply Chain Management has allowed company to rethink their entire operation and restructure it so that they can focus on its core competencies and outsource processes that are not within the core competencies of the company.
According to Stevenson, supply chain management is the strategic coordination of business functions within a business organization and throughout its supply chain for the purpose of integrating supply and demand management. Supply chains are sometimes referred to as value chains and have two components for each organization: supply and demand. Suppliers, producers and final customers are connected through the supply chain. Global supply chains have additional complexities that may not exist in domestic supply markets. Language and cultural differences, and increased need for trust and cooperation among the supply market are among some of these complexities. There are also risks that exist among
Supply chain management plays a very crucial role in the success of any organization and how it can cater to a customer’s need and provide the maximum satisfaction. Supply chain management is essentially managing the flow of goods/services of an organization. It involves raw materials storage, transportation, inventory management, distribution and procurement.
This paper was done to cover the DDBA-8510-1 Seminar Global Supply Chain Management final seminar research paper. Supply chain management, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible (Handfield, 2011). Global Supply Chain Management involves a business or a company’s worldwide interests and suppliers rather than simply a local or national orientation.
Supply chain management (SCM) is the coordination and integration of the process and activities performed by organisations in their supply chain. Its purpose is to fulfil the objectives of efficiency by integrating the whole system into productive activities that provide a continuous chain, which improves the overall competitiveness of the supply chain (Kumar, Amorim, Bhattacharya, & Arturo Garza-Reyes, 2016, p. 158). To add to this definition the
Supply chain management is the coordination of the processes and functions within a business, adopted by most companies in the UK in the late 1990’s. It deals with the internal and external factors that, when dealt with correctly and systematically, can determine a businesses success or failure. A supply chain is the network of activities that delivers a finished product service to the customer. By definition, supply chain management (SCM) is “the management of the flows of materials from suppliers to customers in order to reduce overall cost and increase responsiveness to the customers” (Reid & Sanders). SCM entails the co-ordination of the movement of good through the
1.0 Introduction Christopher (2005, p.5) describes supply chain management as follows: “The management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole” Until recently, supply chain management has been largely viewed as a necessary evil and the focus has been strictly on cost reductions. Today however, many are coming to the realization that supply chain management can be much more strategic, affording a company the opportunity to out-perform competitors. With supply chains becoming more elongated as they become more global, the pace of demand changes increasing and
As we have studied supply chain throughout the semester, we have learned about the people, processes, and technology that all go into creating, improving, and executing a supply chain strategy. By reading through the final papers in this class and by examining ours with a final read through, we have come to a conclusion on our definition of supply chain, shown in the graphic above. We believe that supply chain is every single step that a product or service takes from cradle to grave, and it must also encompass all of the people, processes and technology used to create it. Within processes specifically, we see the Plan, Source, Make, and Deliver functions. We would like to discuss each element, people, processes, and technology, further and provide real world examples of these main elements of supply chain.
Today, most organizations are facing increasing challenges and opportunities to remain competitive, the organizations must adapt and improve their performance like reducing costs, rapid development of products and offering high quality products and services. With the continued evolution of supply chain management, customers are showing increased awareness about working effectively with suppliers and in achieving required performance and business results (Srivoravilai et.al, 2011).