SlideShare a Scribd company logo
Implementing Supply Chain
Management
By;
Amadeo Dorlus
Why Supply Chain Management Matters
• Supply chain matters because it allows a business to strengthen and
add value to many different aspects all at once.
Use a Process Framework
• It is important to breakdown your supply chain into different
processes using the SCOR model.
Plan the Supply Chain
• Planning your supply chain is the first and most important step of
breaking down your supply chain, and it sets the benchmark steps to
reach it.
Source Inputs
• Source Inputs is the same thing as purchasing, you must find suppliers
that will add value your supply chain and products.
Make Products and Services
• Every business “makes” something (product or service), does not
necessarily mean manufacturing.
Deliver Products
• A product has no value to a company until the product reaches the
customer
Return Products
• Having good reverse supply chain allows a company to keep good
relations with its customers and distributors.
Enable Supply Chains
• Enabling the supply chain is implementing software and processing
systems that will tie your supply chain together.
Prioritize Goals
• As a company, you must decide which goals are more important than
others and focus more on achieving them.
Calculate Total Cost
• Total cost can help you determine if cutting costs in certain places will
be helpful to the company or not.
Manage Competing Goals
• In order to be more efficient and reduce cost, you must properly
manage your sales and manufacturing goals.
Mitigate Risks
• Companies tend to get over ambitious, a risk register can be used to
help identify risks and provide solutions.
Invest in Flexibility
• The supply chain needs to able to contend with unforeseen
circumstances ( changes in global markets, nature, political
conditions), while also managing to keep cost low.
Increase Visibility With a Control Tower
• A control tower increases visibility by allowing managers to make a
plan and react to any changes that may occur.
Supply Chain Innovation
• Innovating your supply chain means finding new ways of doing things
that will improve and add value to your supply chain, and in return
increasing your profit.
Ecommerce and Social Media
• Technology and social media can help company get more sales,
advertise products and communicate with customers.
Internet and Data Trends
• We can use internet and data trends to improve our equipment hence
improving the supply chain, and it can also be used to learn more
about customers through data collection.
Artificial Intelligence and Machine Learning
• Artificial intelligence should be used in supply chain for collecting and
processing data and information, and humans should make the
ultimate decision.
Blockchain
• A way to record transactions between companies by allowing the data
to be saved onto many computers, and also improves trust and
accountability.
Automation, Robotics, and Drones
• Automation and robotics have made some aspects of supply chain
more efficient and have started to revolutionize the field.
Get the Right People in the Right Positions
Education and training is important in making sure that the positions
are being filled by the right people.
Select the Right Technology
Your company’s goals, employees, and strategic plan should not be
overlooked when choosing the right technology
Collaborate Internally
• Collaborating internally is important because it allows you to make
sure that boundaries are not being crossed between different
departments, and it also allows the departments keep the company’s
goals in mind.
Collaborate Externally
• Collaboration between customers and suppliers can help increase
sales, streamline the delivery process,
Manage Projects Effectively
• Managing project effectively allows a company to improve their
supply chain, reduce waste, and it also allows you keep up with
demand.

More Related Content

What's hot

Power Transmission EPC Project Stores Management
Power Transmission EPC Project Stores ManagementPower Transmission EPC Project Stores Management
Power Transmission EPC Project Stores Management
Vikrant Dhoke
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation Slides
SlideTeam
 
Marketing slideshare 2
Marketing slideshare 2Marketing slideshare 2
Marketing slideshare 2PWilson12
 
Marketing slideshare
Marketing slideshareMarketing slideshare
Marketing slideshare
PWilson12
 
Customer supply-chain-managment
Customer supply-chain-managmentCustomer supply-chain-managment
Customer supply-chain-managment
Kiran Bhavaraju
 
lean accounting , abc accounting , cvp analysis
lean accounting , abc accounting , cvp analysislean accounting , abc accounting , cvp analysis
lean accounting , abc accounting , cvp analysis
POOJA GOYAL
 
The cost to serve initiative
The cost to serve initiativeThe cost to serve initiative
The cost to serve initiative
Sonum International
 
Dgs presentation at business days_v4 don
Dgs presentation at business days_v4 donDgs presentation at business days_v4 don
Dgs presentation at business days_v4 donAdela Marin
 
Debunking the top eight myths
Debunking the top eight mythsDebunking the top eight myths
Debunking the top eight mythspurplestains88
 
Debunking the top eight myths
Debunking the top eight mythsDebunking the top eight myths
Debunking the top eight mythspurplestains88
 
Smart procurement Management Solution
Smart procurement Management SolutionSmart procurement Management Solution
Smart procurement Management Solution
Mahendra PS
 
Lab Optimizer
Lab OptimizerLab Optimizer
Lab Optimizer
BearingPoint
 
Supply Chain Defnition
Supply Chain DefnitionSupply Chain Defnition
Supply Chain Defnition
Andrew Cheah
 
Supply Chain Management Self-Assessment
Supply Chain Management Self-AssessmentSupply Chain Management Self-Assessment
Supply Chain Management Self-Assessment
Tom Craig
 
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
Catavolt, Inc.
 
CLU
CLUCLU
Procurement process outsourcing how it works
Procurement process outsourcing   how it worksProcurement process outsourcing   how it works
Procurement process outsourcing how it works
Tutelam .
 
Lean - ERP
Lean - ERPLean - ERP
Lean - ERP
BearingPoint
 

What's hot (20)

Power Transmission EPC Project Stores Management
Power Transmission EPC Project Stores ManagementPower Transmission EPC Project Stores Management
Power Transmission EPC Project Stores Management
 
Example Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation SlidesExample Of Business Operations Analysis Powerpoint Presentation Slides
Example Of Business Operations Analysis Powerpoint Presentation Slides
 
Marketing slideshare 2
Marketing slideshare 2Marketing slideshare 2
Marketing slideshare 2
 
Marketing slideshare
Marketing slideshareMarketing slideshare
Marketing slideshare
 
Customer supply-chain-managment
Customer supply-chain-managmentCustomer supply-chain-managment
Customer supply-chain-managment
 
lean accounting , abc accounting , cvp analysis
lean accounting , abc accounting , cvp analysislean accounting , abc accounting , cvp analysis
lean accounting , abc accounting , cvp analysis
 
The cost to serve initiative
The cost to serve initiativeThe cost to serve initiative
The cost to serve initiative
 
Dgs presentation at business days_v4 don
Dgs presentation at business days_v4 donDgs presentation at business days_v4 don
Dgs presentation at business days_v4 don
 
Debunking the top eight myths
Debunking the top eight mythsDebunking the top eight myths
Debunking the top eight myths
 
Debunking the top eight myths
Debunking the top eight mythsDebunking the top eight myths
Debunking the top eight myths
 
Smart procurement Management Solution
Smart procurement Management SolutionSmart procurement Management Solution
Smart procurement Management Solution
 
Lab Optimizer
Lab OptimizerLab Optimizer
Lab Optimizer
 
Supply Chain Defnition
Supply Chain DefnitionSupply Chain Defnition
Supply Chain Defnition
 
Supply Chain Management Self-Assessment
Supply Chain Management Self-AssessmentSupply Chain Management Self-Assessment
Supply Chain Management Self-Assessment
 
Transputec
TransputecTransputec
Transputec
 
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
Accelerating Operational Excellence in 2015: Exceeding Customer Expectations
 
CLU
CLUCLU
CLU
 
Procurement process outsourcing how it works
Procurement process outsourcing   how it worksProcurement process outsourcing   how it works
Procurement process outsourcing how it works
 
Lean - ERP
Lean - ERPLean - ERP
Lean - ERP
 
Reading 3 - Lean Accounting - PDF
Reading 3 - Lean Accounting - PDFReading 3 - Lean Accounting - PDF
Reading 3 - Lean Accounting - PDF
 

Similar to Implementing supply chain management

Price Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation SlidesPrice Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation Slides
SlideTeam
 
Digitalbusiness
DigitalbusinessDigitalbusiness
Digitalbusiness
Hiren Selani
 
Management information system
Management information systemManagement information system
Management information system
shinydey
 
Product Cost Management PowerPoint Presentation Slides
Product Cost Management PowerPoint Presentation Slides Product Cost Management PowerPoint Presentation Slides
Product Cost Management PowerPoint Presentation Slides
SlideTeam
 
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdfTHE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
Paul Mbua
 
Chapter 2 competing with it
Chapter 2   competing with itChapter 2   competing with it
Chapter 2 competing with it
Advance Saraswati Prakashan Pvt Ltd
 
Digital Business - Accenture
Digital Business - AccentureDigital Business - Accenture
Digital Business - Accenture
Accenture the Netherlands
 
[Accenture] Digital Business 2017
[Accenture] Digital Business 2017[Accenture] Digital Business 2017
[Accenture] Digital Business 2017
Duy, Vo Hoang
 
Production, Logistics, and Purchase strategy
Production, Logistics, and Purchase strategyProduction, Logistics, and Purchase strategy
Production, Logistics, and Purchase strategy
Prashant Mehta
 
Chapter 2 mis report
Chapter 2 mis reportChapter 2 mis report
Chapter 2 mis report
micro536
 
Implementing Supply Chain Management
Implementing Supply Chain ManagementImplementing Supply Chain Management
Implementing Supply Chain Management
AricSmoker
 
Unit 5 E-BUSINESS OPERATIONS AND PROCESSES
Unit 5 E-BUSINESS OPERATIONS AND PROCESSESUnit 5 E-BUSINESS OPERATIONS AND PROCESSES
Unit 5 E-BUSINESS OPERATIONS AND PROCESSES
Nishant Pahad
 
Software Development Company
Software Development Company Software Development Company
Software Development Company
Cozmotec
 
Software Development | App Development
Software Development | App Development Software Development | App Development
Software Development | App Development
Cozmotec
 
Cozmotec Digital Transformation.pdf
Cozmotec Digital Transformation.pdfCozmotec Digital Transformation.pdf
Cozmotec Digital Transformation.pdf
Cozmotec
 
Analytics in manufacturing
Analytics in manufacturingAnalytics in manufacturing
Analytics in manufacturing
Saurav Kumar
 
5 keys to digital transformation for small businesses
5 keys to digital transformation for small businesses5 keys to digital transformation for small businesses
5 keys to digital transformation for small businesses
SameerShaik43
 
Erp in logistics and supply chain
Erp in logistics and supply chainErp in logistics and supply chain
Erp in logistics and supply chain
savvyavarma
 
Guilford group capabilities
Guilford group capabilitiesGuilford group capabilities
Guilford group capabilities
BMI
 

Similar to Implementing supply chain management (20)

Chap002
Chap002Chap002
Chap002
 
Price Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation SlidesPrice Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation Slides
 
Digitalbusiness
DigitalbusinessDigitalbusiness
Digitalbusiness
 
Management information system
Management information systemManagement information system
Management information system
 
Product Cost Management PowerPoint Presentation Slides
Product Cost Management PowerPoint Presentation Slides Product Cost Management PowerPoint Presentation Slides
Product Cost Management PowerPoint Presentation Slides
 
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdfTHE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
THE POWER OF DIGITAL TECHNOLOGIES AND POSITIVE TRANSFORMATION ON BUSINESSES.pdf
 
Chapter 2 competing with it
Chapter 2   competing with itChapter 2   competing with it
Chapter 2 competing with it
 
Digital Business - Accenture
Digital Business - AccentureDigital Business - Accenture
Digital Business - Accenture
 
[Accenture] Digital Business 2017
[Accenture] Digital Business 2017[Accenture] Digital Business 2017
[Accenture] Digital Business 2017
 
Production, Logistics, and Purchase strategy
Production, Logistics, and Purchase strategyProduction, Logistics, and Purchase strategy
Production, Logistics, and Purchase strategy
 
Chapter 2 mis report
Chapter 2 mis reportChapter 2 mis report
Chapter 2 mis report
 
Implementing Supply Chain Management
Implementing Supply Chain ManagementImplementing Supply Chain Management
Implementing Supply Chain Management
 
Unit 5 E-BUSINESS OPERATIONS AND PROCESSES
Unit 5 E-BUSINESS OPERATIONS AND PROCESSESUnit 5 E-BUSINESS OPERATIONS AND PROCESSES
Unit 5 E-BUSINESS OPERATIONS AND PROCESSES
 
Software Development Company
Software Development Company Software Development Company
Software Development Company
 
Software Development | App Development
Software Development | App Development Software Development | App Development
Software Development | App Development
 
Cozmotec Digital Transformation.pdf
Cozmotec Digital Transformation.pdfCozmotec Digital Transformation.pdf
Cozmotec Digital Transformation.pdf
 
Analytics in manufacturing
Analytics in manufacturingAnalytics in manufacturing
Analytics in manufacturing
 
5 keys to digital transformation for small businesses
5 keys to digital transformation for small businesses5 keys to digital transformation for small businesses
5 keys to digital transformation for small businesses
 
Erp in logistics and supply chain
Erp in logistics and supply chainErp in logistics and supply chain
Erp in logistics and supply chain
 
Guilford group capabilities
Guilford group capabilitiesGuilford group capabilities
Guilford group capabilities
 

Recently uploaded

Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
The key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EUThe key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EU
Allensmith572606
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 

Recently uploaded (20)

Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
The key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EUThe key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EU
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 

Implementing supply chain management

  • 2. Why Supply Chain Management Matters • Supply chain matters because it allows a business to strengthen and add value to many different aspects all at once.
  • 3. Use a Process Framework • It is important to breakdown your supply chain into different processes using the SCOR model.
  • 4. Plan the Supply Chain • Planning your supply chain is the first and most important step of breaking down your supply chain, and it sets the benchmark steps to reach it.
  • 5. Source Inputs • Source Inputs is the same thing as purchasing, you must find suppliers that will add value your supply chain and products.
  • 6. Make Products and Services • Every business “makes” something (product or service), does not necessarily mean manufacturing.
  • 7. Deliver Products • A product has no value to a company until the product reaches the customer
  • 8. Return Products • Having good reverse supply chain allows a company to keep good relations with its customers and distributors.
  • 9. Enable Supply Chains • Enabling the supply chain is implementing software and processing systems that will tie your supply chain together.
  • 10. Prioritize Goals • As a company, you must decide which goals are more important than others and focus more on achieving them.
  • 11. Calculate Total Cost • Total cost can help you determine if cutting costs in certain places will be helpful to the company or not.
  • 12. Manage Competing Goals • In order to be more efficient and reduce cost, you must properly manage your sales and manufacturing goals.
  • 13. Mitigate Risks • Companies tend to get over ambitious, a risk register can be used to help identify risks and provide solutions.
  • 14. Invest in Flexibility • The supply chain needs to able to contend with unforeseen circumstances ( changes in global markets, nature, political conditions), while also managing to keep cost low.
  • 15. Increase Visibility With a Control Tower • A control tower increases visibility by allowing managers to make a plan and react to any changes that may occur.
  • 16. Supply Chain Innovation • Innovating your supply chain means finding new ways of doing things that will improve and add value to your supply chain, and in return increasing your profit.
  • 17. Ecommerce and Social Media • Technology and social media can help company get more sales, advertise products and communicate with customers.
  • 18. Internet and Data Trends • We can use internet and data trends to improve our equipment hence improving the supply chain, and it can also be used to learn more about customers through data collection.
  • 19. Artificial Intelligence and Machine Learning • Artificial intelligence should be used in supply chain for collecting and processing data and information, and humans should make the ultimate decision.
  • 20. Blockchain • A way to record transactions between companies by allowing the data to be saved onto many computers, and also improves trust and accountability.
  • 21. Automation, Robotics, and Drones • Automation and robotics have made some aspects of supply chain more efficient and have started to revolutionize the field.
  • 22. Get the Right People in the Right Positions Education and training is important in making sure that the positions are being filled by the right people.
  • 23. Select the Right Technology Your company’s goals, employees, and strategic plan should not be overlooked when choosing the right technology
  • 24. Collaborate Internally • Collaborating internally is important because it allows you to make sure that boundaries are not being crossed between different departments, and it also allows the departments keep the company’s goals in mind.
  • 25. Collaborate Externally • Collaboration between customers and suppliers can help increase sales, streamline the delivery process,
  • 26. Manage Projects Effectively • Managing project effectively allows a company to improve their supply chain, reduce waste, and it also allows you keep up with demand.