Different supply chain strategies exist to meet the varying demands of products and markets. Lean strategies focus on reducing waste and non-value activities to improve efficiency. Agile strategies emphasize flexibility and speed to respond rapidly to changing customer demands. Postponement strategies delay final manufacturing until receipt of a customer order to minimize risks of incorrect inventory. Speculation strategies seek savings through bulk manufacturing and distribution to reduce costs. The key is selecting the strategy best suited to a company's specific product attributes, customer requirements, and market characteristics.
(i) Cycle View (ii) Push & Pull View of the Supply Chain, Supply Chain Responsiveness. Strategic Fit between Business Strategy and Supply Chain Strategy, Achievement of Strategic Fit through different steps, Obstacles to achieving Strategic Fit.
(i) Cycle View (ii) Push & Pull View of the Supply Chain, Supply Chain Responsiveness. Strategic Fit between Business Strategy and Supply Chain Strategy, Achievement of Strategic Fit through different steps, Obstacles to achieving Strategic Fit.
The Supply Chain Management has the potential to improve Company’s competitiveness. Supply chain capability is as important to a company's overall strategy as overall product strategy. It encourages management of processes across departments. By linking supply chain objectives to company strategy, decisions can be made between competing demands on the supply chain. The impact of managing overall product demand and the supply of product will impact the profitability of the company.
Supply Chain Efficiency: A Blueprint for Cost Savings from Expertscapivisgroup
Supply chain efficiency plays an important role in the modern business climate for an assortment of factors, including reducing expenses, getting ahead of the competitors, and pleasing clients. Supply chain efficiency improves not just responsiveness and agility but also reductions in operational expenses.
Supply Chain Management Assignment on ITC- DiversificationYamini Kahaliya
This is report on supply chain management of ITC- Diversification.
this is beneficial for the BBA/b.om /mba students.
this includes following topics -
Supply chain
Supply chain management
Key benefits of supply chain management
Goals of supply chain management
Process of supply chain management
Types of process floe of supply chain
Introduction of company
Supply chain of Cigarettes
Supply chain of Agarbattis
Supply chain of e-Choupal
Supply chain of hotel
Supply chain of paper
Conclusion
Bibliography
The following presentation will give you an brief insight about the whole operational process i.e starting from supplier-manufacturer-distributor-wholesaler-retailer-consumer and also tell you about the bullwhip effect.
Benefits of end to end supply chain management.pdfEthics Group
End-to-end supply chain management (E2SCM) is a holistic approach to managing the entire supply chain, from procurement to delivery. E2e supply chain management can provide several benefits to businesses.
Digital freight management platform also favors the smooth flow of numerous economic transactions and is thereby considered an important exercise in facilitating the virtual sale of all finished products, goods, and services.
Join us at PRG 2013 Symposium & BBQ - Friday September 13Extron
If you are in Silicon Valley this Friday, Extron would like to invite you to attend the PRG 2013 Symposium & BBQ. It's your opportunity to network with high technology hardware professionals, learn about the latest industry trends, and meet PRG members in an informal setting while enjoying delicious food and beverages. Join us at the PRG 2013 Symposium and BBQ on Friday September 13.
Supply base management is an important aspect of supply chain management since today the process of purchasing or procurement of raw materials or components is a strategic function.
Reverse supply chain, an integral part of a supply chain processExtron
The two important aspects of a supply chain are forward supply chain and reverse supply chain. Forward supply chain is something that we know of i.e., the flow of goods and services from manufacturer to wholesaler to retailer.
We all are aware that logistics is a part of supply chain management system. Where as logistics entails the forward movement of goods within a supply chain, reverse logistics on the other hand can manage the reverse management of products.
Fulfillment is defined as the process of taking and executing an order by taking all the appropriate steps to make it ready for delivery to its intended customer. It includes activities like warehouse pickup, packaging, labeling, shipping etc.
1. Different Supply Chain Strategies
Wikipedia defines Supply Chain Management (SCM) as “the management of a network of
interconnected businesses involved in the provision of product and service packages required by the end customers in
a supply chain. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and
finished goods from point of origin to point of consumption.” However, for managing a well-designed and well-planned
supply chain that allows on time delivery of value added goods, a well thought out strategy is required.
Just as “one size does not fit all” a generic supply chain strategy will not be able to meet the demands and
requirements of companies manufacturing different kinds of products for various markets. Not all products
have the same demand and the same lifecycle. Hence, depending on a generic supply chain strategy for
manufacturing products would be in no way effective. The ultimate goal of designing a supply chain strategy
is to improve efficiency and reduce costs. And this is possible only by coming up with a well-designed strategy
that takes into account product attributes, customer requirements and market characteristics.
Supply chain strategies are divided into various categories namely Lean, Agile, Postponement and Speculation.
Let’ look at each in detail.
Lean
It revolves around the concept of designing a well run supply chain by reducing waste and non-value added activities. In
any form of supply chain, waste happens in the form of time, costs and inventory. To build a lean supply chain, companies
must look at every process in their supply chain (such as manufacturing, warehousing, transportation and returns
management) and implement corrective measures to reduce waste and resources. A lean supply chain strategy helps
companies to enhance performance and profitability.
Agile
Agile supply chain strategy helps companies to respond to constantly changing customer demand. The key
aspects of agile supply chain strategy are flexibility and speed. It revolves around the concept of ensuring
customer satisfaction through swift, accurate and effective implementation of various supply chain activities.
Postponement
Supply chain postponement strategy deals with the concept of delaying the final manufacturing until the receipt of the
actual customer order. Such a strategy helps in minimizing risks of wrong manufacturing or incorrect inventory. Moreover,
supply chain postponement helps companies to not only avoid stocking unwanted products but also enhance customer
satisfaction by delivering customers with latest products.
Speculation
This supply chain strategy focuses on increasing savings by manufacturing and distributing finished goods in
bulk. It helps to reduce costs by maximizing the uses of resources, warehousing and transportation.
Also read more on : supply chain solutions & order fulfillment