A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user. A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources.
3. Following three aspects of supply
chain management:
Visibility: As supply chains grow in complexity, it
becomes ever more necessary to follow the flow
of materials, information and money through
those chains in real time.
Connectivity and collaboration: Few are the
organisations today that can meet customer
demand without collaboration.
Automation: Many developed countries are
suffering a depleting pool of talent from which
industrial and commercial entities can recruit.
5. Supply Chain and Innovation
Innovation can greatly impact supply chain performance.
Here are five aspects of the supply chain that can be
innovated to meet consumers’ needs and save on costs:
Design for Manufacture: Design the product to make it
easy to produce, thereby reducing the costs of
manufacturing.
Design for Assembly: Design the product to minimize the
number of components, easing the assembly process. Often,
this results in building subsystems that Desigsier to put
together.
Design for Six Sigma: Design the product to eliminate
failures, improve consistency and reduce costs.
Design for Environment: Design the product to reduce its
environmental impact throughout its lifecycle.
7. The advancement of inter organizational
information system for the supply chain has three
distinct benefits. These are −
Cost reduction − The advancement of technology
has further led to ready availability of all the
products with different offers and discounts. This
leads to reduction of costs of products.
Productivity − The growth of information
technology has improved productivity because of
inventions of new tools and software.
Improvement and product/market strategies −
Recent years have seen a huge growth in not only
the technologies but the market itself.
9. Enterprise Architecture
Enterprise Architecture is a detailed overview of a
business’s processes and how they relate to the IT
infrastructure. It is essentially everything a
business does, how it does it and the systems it
uses.
Business process management
Business process management (BPM) is the
discipline of improving a business process from end
to end by analyzing it, modeling how it works in
different scenarios, executing improvements,
monitoring the improved process and continually
11. *it improves forecasts by moving it to a daily
regimen; reducing latency and improving
near-time replenishment. Demand analytics
let you foresee changes in demand sooner—
and boost sales, by predicting and reacting
to stock-outs.
*it extends downstream supply chain
visibility with daily sell-to data and current
stock position. This lowers uncertainty, and
increases responsiveness to anticipated
demand.
13. Managing the supply chain involves understanding
the breakdown and traceability of products and
services, organisations, logistics, people, activities,
information and resources that transform raw
materials into a finished product that is fit for its
purpose.
Buildings are becoming increasingly complex, and
require more design input by specialist suppliers. At
the same time there is increasing fragmentation of
the industry as can be seen from the growth of
specialist suppliers/contractors, the proliferation of
products and the fragmentation of design and control
activities.