Our Supply Chain Management Solutions
Are Designed to Optimize Your Customer Lifecycle & Experience
It represents a conscious effort by the supply chain firms to develop and run supply chains
in the most effective & efficient ways possible.Supply chain activities cover everything
from product development, sourcing, production, and logistics, as well as the information
systems needed to coordinate these activities.
What Is A Supply Chain Management?
Supply chain management is as much a philosophical approach as it is a body of tools and
techniques, and typically requires a great deal of interaction and trust between
companies to work. For right now, however, let’s talk about three major developments
that have brought SCM to the forefront of management’s attention.
Why Do You Need To Know About Supply Chain Management?
Guide the
selection of supply chain partners, including suppliers, subcontractors,
transportation providers, and distributors.
Help managers
understand how the firm will provide value to the supply chain.
Identify what
supply chains the firm wants to compete in.
Increased
competition and globalization in today’s markets
In the early 1960s
when computers were first developed, a mainframe computer filled an entire
room.
Organizations are
moving towards a concept known as electronic commerce.
One Solution Increased Competition and Globalization
The second major trend is increased competition and globalization of businesses. The rate of
change in markets, products, and technology is increasing, leading to situations where
managers must make decisions on shorter notice, with less information, and with higher
penalty costs. New competitors are entering into markets that have traditionally been
dominated by “domestic” firms.
Management
The information revolution has given companies a wide range of technologies for
better managing their operations and supply chains.
The Information
Wal-Mart’s ability to send daily sales information to its suppliers is just one
example.
Physical Flows
Physical flows involve the transformation, movement, and storage of goods and
materials.
Information Flows
Information flows allow the various supply chain partners to coordinate their
long-term plans, and to control.
The information revolution has given companies a wide range
To avoid such problems, firms must manage the relationships with their upstream suppliers as
well as their downstream customers. In many American industries, strong supply chain
relationships like those found Japan might not develop readily. Firms are often
geographically distant, and there are not as many small, family-owned suppliers as in Japan.
In the case of high-tech firms, many components may be sole-sourced from overseas suppliers
who are proprietary owners of the required technology. In such environments, it becomes more
important to choose a few, select suppliers, thereby paving the way for informal interaction
and information sharing.
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