I recently completed a Lynda certification about Implementing Supply Chain Management and created a slideshow to summarize the information discussed in the session. Please relay any feedback or comments!
Procurement is the process of purchasing goods or services and is usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.
This article discusses and explains to you about procurement and purchasing, and What exactly is procurement?
Implementing Supply Chain Management discusses how to effectively plan and manage a supply chain. It emphasizes the importance of breaking the supply chain down into key processes using a framework like SCOR. Planning is identified as the most important first step, setting benchmarks for sourcing inputs, production, delivery, returns, and enabling the entire supply chain. The document recommends prioritizing goals, managing costs and competing goals, mitigating risks, and increasing flexibility and visibility with a control tower to effectively implement supply chain management.
The document discusses innovation in business and defines it as the implementation of new ideas to create value through problem resolution or opportunity creation. It then outlines several emerging disruptive technologies in supply chain management like IoT, driverless vehicles, drones, 3D printing, and artificial intelligence. Finally, it discusses trends in smart manufacturing and supply chains that are being driven by these new technologies.
The document discusses supply chain strategies and managing supply chains. It covers selecting suppliers based on cost, capacity, and product development skills. It also discusses the differences between supply chains and value chains, with value chains looking at delivering maximum value to end users at the lowest total cost. Maximizing value involves optimizing the entire value-adding process rather than individual steps. Measuring effectiveness can include comparing information, product, and cash flow cycle times, with information and cash ideally flowing faster. E-commerce can benefit value chains by saving time and providing market information and flexibility.
Supply Chain Strategy with an Assessment done for a Consumer Products Company with a presence in Europe, North America and Asia. Listing this to show format details for Supply Chain Strategy, and will also put a shorter version on as a Case Study for CI in Supply Chain. We put this on in so much detail to provide people with a guide and base for others to do similar projects (and if they need help, we'd love to speak with them). Good luck and feel free to reach out to me if you have questions on some of the formats or how to do the analysis being suggested.
Formed in 1986, Transputec is a profitable IT solutions provider with annual turnover predicted at £22m in 2007. They have a highly accredited team operating in the UK, Dubai, India, and US. Transputec offers complete IT services including warehousing, distribution partnerships with major vendors, onsite engineering support, and asset management solutions. Their approach focuses on speed, service, flexibility, and building trusted long-term client relationships.
1. Supply Chain Integration
2. Benefits of Supply Chain Integration
3. Push System
4. Pull System
5. Push vs Pull
6. Integration of Push and Pull Strategy
7. Lead Time and its Impact
8.Demand-Driven Strategies
This document discusses various approaches to measuring supply chain performance, including the Balanced Scorecard, SCOR model, Logistics Scoreboard, activity-based costing, and economic value added. It provides examples of performance measures that can be used across different areas of the supply chain, including customer service, processes, purchasing, manufacturing, logistics, administration, and marketing. Key frameworks like the Balanced Scorecard emphasize the importance of using a mix of financial and non-financial metrics to evaluate performance from multiple perspectives.
Procurement is the process of purchasing goods or services and is usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.
This article discusses and explains to you about procurement and purchasing, and What exactly is procurement?
Implementing Supply Chain Management discusses how to effectively plan and manage a supply chain. It emphasizes the importance of breaking the supply chain down into key processes using a framework like SCOR. Planning is identified as the most important first step, setting benchmarks for sourcing inputs, production, delivery, returns, and enabling the entire supply chain. The document recommends prioritizing goals, managing costs and competing goals, mitigating risks, and increasing flexibility and visibility with a control tower to effectively implement supply chain management.
The document discusses innovation in business and defines it as the implementation of new ideas to create value through problem resolution or opportunity creation. It then outlines several emerging disruptive technologies in supply chain management like IoT, driverless vehicles, drones, 3D printing, and artificial intelligence. Finally, it discusses trends in smart manufacturing and supply chains that are being driven by these new technologies.
The document discusses supply chain strategies and managing supply chains. It covers selecting suppliers based on cost, capacity, and product development skills. It also discusses the differences between supply chains and value chains, with value chains looking at delivering maximum value to end users at the lowest total cost. Maximizing value involves optimizing the entire value-adding process rather than individual steps. Measuring effectiveness can include comparing information, product, and cash flow cycle times, with information and cash ideally flowing faster. E-commerce can benefit value chains by saving time and providing market information and flexibility.
Supply Chain Strategy with an Assessment done for a Consumer Products Company with a presence in Europe, North America and Asia. Listing this to show format details for Supply Chain Strategy, and will also put a shorter version on as a Case Study for CI in Supply Chain. We put this on in so much detail to provide people with a guide and base for others to do similar projects (and if they need help, we'd love to speak with them). Good luck and feel free to reach out to me if you have questions on some of the formats or how to do the analysis being suggested.
Formed in 1986, Transputec is a profitable IT solutions provider with annual turnover predicted at £22m in 2007. They have a highly accredited team operating in the UK, Dubai, India, and US. Transputec offers complete IT services including warehousing, distribution partnerships with major vendors, onsite engineering support, and asset management solutions. Their approach focuses on speed, service, flexibility, and building trusted long-term client relationships.
1. Supply Chain Integration
2. Benefits of Supply Chain Integration
3. Push System
4. Pull System
5. Push vs Pull
6. Integration of Push and Pull Strategy
7. Lead Time and its Impact
8.Demand-Driven Strategies
This document discusses various approaches to measuring supply chain performance, including the Balanced Scorecard, SCOR model, Logistics Scoreboard, activity-based costing, and economic value added. It provides examples of performance measures that can be used across different areas of the supply chain, including customer service, processes, purchasing, manufacturing, logistics, administration, and marketing. Key frameworks like the Balanced Scorecard emphasize the importance of using a mix of financial and non-financial metrics to evaluate performance from multiple perspectives.
Operations management involves transforming inputs like raw materials and labor into outputs like finished goods and services. An operations strategy is needed to implement a firm's corporate strategy and build a customer-focused organization. It links long-term and short-term operations decisions to strategy. An operations strategy specifies how resources will be used to support the business strategy and compete based on priorities like quality, price, time, flexibility, and customization. It determines whether the focus will be on high-volume standardized products or low-volume customized solutions.
Forecasting is the process of analyzing past and present conditions to draw inferences about future events. It provides a basis for coordinating company activities and making informed decisions. Forecasting is important for planning in all business functional areas. It gives managers confidence to make decisions and helps set planning assumptions. Forecasting also keeps managers alert to future challenges and environmental changes.
Chapter no .07 performance measurement and controls in scmIsrar Khan Raja
The document discusses performance measurement in supply chain management. It describes benchmarking as identifying best practices from other organizations to improve performance. The Supply Chain Operations Reference model (SCOR) is presented as a standard for measuring and benchmarking supply chain performance. SCOR defines core processes, performance attributes, and metrics across five process categories: plan, source, make, deliver, and return. Key metrics include order fulfillment, customer satisfaction, costs, inventory levels, and supply chain response time.
This presentation was about the Supply Chain Strategy project assigned by my lecturer, who was the Supply Chain Manager at Norsk Titanium. The strategy we proposed was to outsource all part components from single supplier in order to protect our intellectual property while taking advantage of cost efficiency and capacity. Then we would contract with the 3PL to ship out to customers, with the responsibility in packaging and inspecting the final products. We also used ERP system, RFID Tag, Kanban.
Vendor Managed Inventory (VMI) is an approach where the manufacturer or vendor monitors and manages the inventory levels at the distributor or retailer. The key aspects of VMI are:
1. The vendor has access to the customer's inventory data and is responsible for maintaining the required inventory levels.
2. It optimizes supply chain performance by pushing decision making responsibility upstream to the vendor.
3. Benefits include lower inventory costs, fewer stockouts, improved information sharing and customer satisfaction.
1. The document discusses developing a supply chain roadmap for a company by assessing current performance metrics and maturity of processes.
2. Key supply chain metrics like cost, service, efficiency and process metrics are analyzed along with maturity of strategic, operational, and execution processes.
3. Gaps identified through metric performance and process assessment are addressed through initiatives which are prioritized in a roadmap to improve the supply chain over time.
The document discusses the financial problems facing a medical supply company called MTC due to the implementation of the ACA's 2.3% excise tax. This tax translates to a 10% reduction in MTC's profits. The market is competitive and raising prices is not an option. Data shows MTC's stagnant earnings, rising expenses, and high inventory levels. The solution proposes spending less and selling more through logistics optimization, production planning, sourcing reforms, and helping sales representatives. Short-term fixes include optimizing delivery routes and producing only what is needed. Mid-term focuses on non-partisan hospitals, while long-term plans diversification and investing in 3D printing.
This document outlines supply chain improvement strategies for Medical Technology Corporation to offset a new medical device excise tax. Short-term plans include upgrading forecasting and realigning sales representatives' roles to reduce costs. Mid-term plans are to insource sterilization, implement just-in-time production, eliminate distributors by selling directly to group purchasing organizations, and partner with third-party logistics providers using RFID to streamline distribution. Long-term plans focus on research and development to create new products and enhance revenue streams. The strategies aim to optimize operations and cut costs throughout the supply chain.
Link (Non)Financial To Supply Chain Performance MetricsAnand Subramaniam
The document discusses developing supply chain and non-financial metrics to measure performance. It recommends mapping the supply chain, analyzing where value is created, and developing customer and supplier profit and loss statements. Examples of potential metrics are provided for various parts of the supply chain, including customer service, distribution, receiving, procurement, fulfillment, transport, and financial metrics like costs, margins and inventory turns. The conclusion states that an effective measurement system is needed to drive desired performance and strategy goals across the supply chain and aligned both within and between firms.
Outsourcing of Supply Chain Management VINAY KENKERE
The document discusses outsourcing and third-party logistics. It describes how outsourcing can replace entire business functions and has become a major strategy. There are six steps to selecting outsourcing partners and making the right decision is important for business success. Third-party logistics providers offer various services and range from basic to highly integrated with customer operations. Fourth-party logistics providers focus on allocating resources and integrating supply chains.
Supply chain consulting to synchronize the entire chain and generate responsi...Group50 Consulting
Group50, a supply chain consulting firm have designed and implemented optimized supply chains in many industries as a result of the experience and knowledge of best practices and an integrated approach to designing and implementing an optimization roadmap.
The document discusses purchasing and vendor management. It defines purchasing as procuring supplies efficiently with the right quality, quantity, source, time and price. Purchasing can be viewed as a function, process, relationship or discipline. Key aspects include globalization, IT, supplier relationships, quality and lead times. The purchasing process involves identifying needs, evaluating suppliers, selection, approval and performance measurement. Integration occurs through teams and strategies like early supplier involvement improve purchasing.
The document discusses reverse logistics challenges and benefits. It defines reverse logistics as the process of moving used products back up the supply chain for repair, reuse, refurbishing, resale, recycling, or disposal. It outlines differences between reverse logistics and closed-loop supply chains. It also provides recommendations for organizations to establish effective reverse logistics programs, including avoiding unnecessary returns, establishing return centers, recovering assets, and using information systems to improve visibility.
The document discusses innovation in supply chain management. It outlines principles of SCM, the need for innovation to address challenges like global competition and changing customer needs. It describes trends driving SCM innovation, including advanced technologies and emerging skills. The document also provides a detailed overview of the SCM innovation process, from idea generation to implementation and review. Key areas of SCM that can be innovated are products, services, competencies, and global strategies.
This presentation discusses the importance of procurement policies, contract management, supplier management, and performance monitoring. It outlines the benefits of these practices, which include cost savings, compliance, visibility, efficiency, and risk reduction. Specific policies and tools are also presented, such as developing procurement guidelines, tracking purchases against contracts, consolidating supply chains, defining key performance indicators for suppliers, and using software to evaluate suppliers.
This document outlines Medical Technology Corporation's supply chain management strategy to overcome a new excise tax. It proposes short, mid, and long-term improvement plans. In the short-term, it recommends upgrading forecasting and realigning sales representatives' roles to reduce costs. Mid-term plans include insourcing sterilization, implementing lean production, removing distributors, and partnering with 3PLs to streamline distribution. Long-term, it suggests focusing on R&D to create new products and pursuing strategic acquisitions or mergers. The overall goals are to control costs, increase efficiency, strengthen customer relationships and enhance revenue.
This document provides an overview of various business functions and how information systems support them. It discusses accounting, finance, engineering, supply chain management, customer relationship management, and human resource management. Information systems help with activities like inventory control, manufacturing scheduling, targeted marketing, and employee records management. The document also covers ethical issues around consumer privacy and the collection and use of personal data.
This document defines supply chain management and outlines key aspects of effective supply chain processes. It discusses how supply chain management involves planning and controlling the flow of materials and information across suppliers, manufacturers, and distributors. The goal is to maximize overall profitability by balancing revenue and costs. Effective supply chains reduce inventory levels and better match supply and demand through coordinated planning and information sharing across stages from product development to distribution. Decision-making in supply chains occurs in three phases: strategy, planning, and operations.
Bit120 m04 l02 - ecommerce business modelsNeumontStudio
This document discusses different business models for e-commerce. It defines e-commerce as buying and selling goods and services over electronic systems like the internet. The main e-commerce models discussed are business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and business-to-business-to-consumer (B2B2C). Each model is defined and examples are provided. Additional topics covered include e-commerce vs e-business, drivers of e-commerce, architecture, processes, benefits and challenges. Trends in online business like mobility and social shopping are also mentioned. The document concludes with tips for choosing an effective e-commerce
1. The document discusses supply chain management, defining a supply chain as the system involved in moving products from suppliers to customers, and supply chain management as planning and controlling supply chain operations efficiently.
2. It describes the SCOR model, which defines core supply chain processes like plan, source, make, deliver, and return, and provides performance metrics and best practices.
3. Successful supply chain management requires integrating activities like procurement, product development, distribution, and performance measurement into key supply chain business processes.
The document discusses supply chain management. It defines supply chain management as strategically managing all activities involved in acquiring raw materials, converting them into finished goods, and delivering products to customers. It describes elements of effective supply chains like minimizing cycle times, demand forecast collaboration, and delaying product differentiation. It also provides examples of companies with efficient supply chains like Dell and Li & Fung that tightly coordinate activities across their virtual networks.
Operations management involves transforming inputs like raw materials and labor into outputs like finished goods and services. An operations strategy is needed to implement a firm's corporate strategy and build a customer-focused organization. It links long-term and short-term operations decisions to strategy. An operations strategy specifies how resources will be used to support the business strategy and compete based on priorities like quality, price, time, flexibility, and customization. It determines whether the focus will be on high-volume standardized products or low-volume customized solutions.
Forecasting is the process of analyzing past and present conditions to draw inferences about future events. It provides a basis for coordinating company activities and making informed decisions. Forecasting is important for planning in all business functional areas. It gives managers confidence to make decisions and helps set planning assumptions. Forecasting also keeps managers alert to future challenges and environmental changes.
Chapter no .07 performance measurement and controls in scmIsrar Khan Raja
The document discusses performance measurement in supply chain management. It describes benchmarking as identifying best practices from other organizations to improve performance. The Supply Chain Operations Reference model (SCOR) is presented as a standard for measuring and benchmarking supply chain performance. SCOR defines core processes, performance attributes, and metrics across five process categories: plan, source, make, deliver, and return. Key metrics include order fulfillment, customer satisfaction, costs, inventory levels, and supply chain response time.
This presentation was about the Supply Chain Strategy project assigned by my lecturer, who was the Supply Chain Manager at Norsk Titanium. The strategy we proposed was to outsource all part components from single supplier in order to protect our intellectual property while taking advantage of cost efficiency and capacity. Then we would contract with the 3PL to ship out to customers, with the responsibility in packaging and inspecting the final products. We also used ERP system, RFID Tag, Kanban.
Vendor Managed Inventory (VMI) is an approach where the manufacturer or vendor monitors and manages the inventory levels at the distributor or retailer. The key aspects of VMI are:
1. The vendor has access to the customer's inventory data and is responsible for maintaining the required inventory levels.
2. It optimizes supply chain performance by pushing decision making responsibility upstream to the vendor.
3. Benefits include lower inventory costs, fewer stockouts, improved information sharing and customer satisfaction.
1. The document discusses developing a supply chain roadmap for a company by assessing current performance metrics and maturity of processes.
2. Key supply chain metrics like cost, service, efficiency and process metrics are analyzed along with maturity of strategic, operational, and execution processes.
3. Gaps identified through metric performance and process assessment are addressed through initiatives which are prioritized in a roadmap to improve the supply chain over time.
The document discusses the financial problems facing a medical supply company called MTC due to the implementation of the ACA's 2.3% excise tax. This tax translates to a 10% reduction in MTC's profits. The market is competitive and raising prices is not an option. Data shows MTC's stagnant earnings, rising expenses, and high inventory levels. The solution proposes spending less and selling more through logistics optimization, production planning, sourcing reforms, and helping sales representatives. Short-term fixes include optimizing delivery routes and producing only what is needed. Mid-term focuses on non-partisan hospitals, while long-term plans diversification and investing in 3D printing.
This document outlines supply chain improvement strategies for Medical Technology Corporation to offset a new medical device excise tax. Short-term plans include upgrading forecasting and realigning sales representatives' roles to reduce costs. Mid-term plans are to insource sterilization, implement just-in-time production, eliminate distributors by selling directly to group purchasing organizations, and partner with third-party logistics providers using RFID to streamline distribution. Long-term plans focus on research and development to create new products and enhance revenue streams. The strategies aim to optimize operations and cut costs throughout the supply chain.
Link (Non)Financial To Supply Chain Performance MetricsAnand Subramaniam
The document discusses developing supply chain and non-financial metrics to measure performance. It recommends mapping the supply chain, analyzing where value is created, and developing customer and supplier profit and loss statements. Examples of potential metrics are provided for various parts of the supply chain, including customer service, distribution, receiving, procurement, fulfillment, transport, and financial metrics like costs, margins and inventory turns. The conclusion states that an effective measurement system is needed to drive desired performance and strategy goals across the supply chain and aligned both within and between firms.
Outsourcing of Supply Chain Management VINAY KENKERE
The document discusses outsourcing and third-party logistics. It describes how outsourcing can replace entire business functions and has become a major strategy. There are six steps to selecting outsourcing partners and making the right decision is important for business success. Third-party logistics providers offer various services and range from basic to highly integrated with customer operations. Fourth-party logistics providers focus on allocating resources and integrating supply chains.
Supply chain consulting to synchronize the entire chain and generate responsi...Group50 Consulting
Group50, a supply chain consulting firm have designed and implemented optimized supply chains in many industries as a result of the experience and knowledge of best practices and an integrated approach to designing and implementing an optimization roadmap.
The document discusses purchasing and vendor management. It defines purchasing as procuring supplies efficiently with the right quality, quantity, source, time and price. Purchasing can be viewed as a function, process, relationship or discipline. Key aspects include globalization, IT, supplier relationships, quality and lead times. The purchasing process involves identifying needs, evaluating suppliers, selection, approval and performance measurement. Integration occurs through teams and strategies like early supplier involvement improve purchasing.
The document discusses reverse logistics challenges and benefits. It defines reverse logistics as the process of moving used products back up the supply chain for repair, reuse, refurbishing, resale, recycling, or disposal. It outlines differences between reverse logistics and closed-loop supply chains. It also provides recommendations for organizations to establish effective reverse logistics programs, including avoiding unnecessary returns, establishing return centers, recovering assets, and using information systems to improve visibility.
The document discusses innovation in supply chain management. It outlines principles of SCM, the need for innovation to address challenges like global competition and changing customer needs. It describes trends driving SCM innovation, including advanced technologies and emerging skills. The document also provides a detailed overview of the SCM innovation process, from idea generation to implementation and review. Key areas of SCM that can be innovated are products, services, competencies, and global strategies.
This presentation discusses the importance of procurement policies, contract management, supplier management, and performance monitoring. It outlines the benefits of these practices, which include cost savings, compliance, visibility, efficiency, and risk reduction. Specific policies and tools are also presented, such as developing procurement guidelines, tracking purchases against contracts, consolidating supply chains, defining key performance indicators for suppliers, and using software to evaluate suppliers.
This document outlines Medical Technology Corporation's supply chain management strategy to overcome a new excise tax. It proposes short, mid, and long-term improvement plans. In the short-term, it recommends upgrading forecasting and realigning sales representatives' roles to reduce costs. Mid-term plans include insourcing sterilization, implementing lean production, removing distributors, and partnering with 3PLs to streamline distribution. Long-term, it suggests focusing on R&D to create new products and pursuing strategic acquisitions or mergers. The overall goals are to control costs, increase efficiency, strengthen customer relationships and enhance revenue.
This document provides an overview of various business functions and how information systems support them. It discusses accounting, finance, engineering, supply chain management, customer relationship management, and human resource management. Information systems help with activities like inventory control, manufacturing scheduling, targeted marketing, and employee records management. The document also covers ethical issues around consumer privacy and the collection and use of personal data.
This document defines supply chain management and outlines key aspects of effective supply chain processes. It discusses how supply chain management involves planning and controlling the flow of materials and information across suppliers, manufacturers, and distributors. The goal is to maximize overall profitability by balancing revenue and costs. Effective supply chains reduce inventory levels and better match supply and demand through coordinated planning and information sharing across stages from product development to distribution. Decision-making in supply chains occurs in three phases: strategy, planning, and operations.
Bit120 m04 l02 - ecommerce business modelsNeumontStudio
This document discusses different business models for e-commerce. It defines e-commerce as buying and selling goods and services over electronic systems like the internet. The main e-commerce models discussed are business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and business-to-business-to-consumer (B2B2C). Each model is defined and examples are provided. Additional topics covered include e-commerce vs e-business, drivers of e-commerce, architecture, processes, benefits and challenges. Trends in online business like mobility and social shopping are also mentioned. The document concludes with tips for choosing an effective e-commerce
1. The document discusses supply chain management, defining a supply chain as the system involved in moving products from suppliers to customers, and supply chain management as planning and controlling supply chain operations efficiently.
2. It describes the SCOR model, which defines core supply chain processes like plan, source, make, deliver, and return, and provides performance metrics and best practices.
3. Successful supply chain management requires integrating activities like procurement, product development, distribution, and performance measurement into key supply chain business processes.
The document discusses supply chain management. It defines supply chain management as strategically managing all activities involved in acquiring raw materials, converting them into finished goods, and delivering products to customers. It describes elements of effective supply chains like minimizing cycle times, demand forecast collaboration, and delaying product differentiation. It also provides examples of companies with efficient supply chains like Dell and Li & Fung that tightly coordinate activities across their virtual networks.
The document discusses supply chain strategies and managing supply chains. It outlines considerations for make-buy decisions and different types of vertical integration like backward, forward, and current integration. It distinguishes between supply chains, which focus on getting materials into manufacturing, and value chains, which look at all steps from raw materials to the end user. Maximizing value requires looking at the entire value-adding process as a system. Measuring effectiveness can compare information, product, and cash flow cycle times, and e-commerce can help cut costs and provide market information and flexibility.
Improve Responsiveness and Drive Efficiency with Mobile Apps for Supply Chain...Catavolt, Inc.
This slideshare describes how manufacturing supply chain management teams can utilize mobile apps to drive responsiveness and efficiency throughout the supply chain process.
Supply At the most fundamental level, supply chain management (SCM) is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination managementThe Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and ReturnINTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. ...
OPERATIONS. ...
PURCHASING. ...
DISTRIBUTIONHere are six types of supply chain models that can drive supply chain management for a business:
Continuous Flow. This is one of the most traditional models on the list. ...
Fast chain. The fast chain model is one of the new names in supply chain strategies. ...
Efficient Chain. ...
Agile. ...
Custom-configured. ...
FlexibleThere are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needsSupply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.Adapt Supply Chain to Customer's Needs. ...
Customize Logistics Network. ...
Align Demand Planning Across Supply Chain. ...
Differentiate Products Close to Customer. ...
Outsource Strategically. ...
Develop IT that Support Multi-Level Decision Making. ...
Adopt Both Service and Financial MetricsIntegration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.Buying products or services. Purchasing is a key component of any procurement role. ...
Managing procurement processes. ...
Supplier relations. ...
Understand business goals and objectives. ...
Policy management. ...
Sustainability & Ethics. ...
Manufacturing. ...
Merchandising.Four major steps of manufacturing are: Protect raw materials, components, and finished goods during storage, handling, and transportation by using appropriate packaging. Assemble raw materials and components into a final product. Test and improve the final product. Remove disposable components and waste.The best way to understand the various stages of supply chain management and their influence on one another is to take a look at the three levels of supply chain management: the strategic level, the tactical level, and the operational levelShippers' Top 5 Supply Chain Challenges:
Keeping transportation costs down.
Keeping up with customer/i
The document discusses inventory management concepts including types of inventory, inventory drivers, independent vs dependent demand inventory, periodic and continuous review inventory systems, economic order quantity, and reorder points. It defines key terms and shows calculations for restocking levels, service levels, reorder points, and economic order quantity. The objectives are to understand inventory roles, calculate restocking and reorder levels, determine best order quantities with discounts, and understand how inventory impacts other supply chain areas.
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.
Digital transformation can help organizations engage customers, empower employees, optimize operations, and transform products. To engage customers, organizations can deliver personalized experiences for customers across any device or location. They can also gain insights from customer data to improve marketing effectiveness and customer satisfaction. Transforming products involves managing the full product lifecycle and collaborating with customers on design. Optimizing operations focuses on digitizing processes, automating customer service, and using data-driven supply chain management. Empowering employees involves tools for productivity, collaboration, and talent development to meet changing customer needs.
This document discusses supply chain management (SCM) best practices. It provides an overview of SCM, including key objectives and challenges. SCM integration can provide benefits like increased visibility, cost reductions, and improved service levels. The document also outlines next generation SCM solutions, how to measure SCM success, and how small and medium enterprises can adopt SCM practices. It concludes with an explanation of the Supply Chain Operations Reference model (SCOR) framework.
Applying eTOM (enhanced Telecom Operations Map) Framework to Non-Telecommunic...Alan McSweeney
The document discusses applying the eTOM (enhanced Telecom Operations Map) framework to non-telecommunications companies for product/service/solution innovation. It describes eTOM's processes for product/solution/service lifecycle management from concept to delivery and operation. It also discusses the changes required for companies transitioning to a greater service orientation like utility-based services, including changes to business models, costs, services provided, and customer information and relationships.
Digital Transformation Book of Dreams v1Matt Bruns
Digital Business Transformation Patterns for a Mobile-First, Cloud-First World provides guidance on digital transformation strategies across four key scenarios: Engage Your Customers, Empower Your Employees, Optimize Your Operations, and Transform Your Products. For each scenario, it outlines narrative descriptions, storyboards, benefits, dependencies, and value realization approaches. It also provides an overview of business drivers, a capability model, and approaches for understanding customer journeys and implementing enabling technologies like data management, analytics, and mobile/social solutions to improve experiences and business outcomes.
This document discusses supply chain management and key concepts related to SCM. It provides examples of how Dell optimized its supply chain to reduce inventory levels. The document also summarizes the basics of SCM including the key links in the supply chain and how information technology can help manage SCM more effectively through increased visibility, responsiveness to consumer demands, and competitive advantages.
This document discusses supply chain management. It defines supply chain management as the system involved in transforming raw materials into final products and distributing those products to customers. It also discusses key aspects of supply chain management including procurement, purchasing specifications, supplier selection factors, outsourcing, integration strategies, and relationship types. Total quality management and its principles are also summarized as they relate to supply chain management.
SCM involves coordinating all processes involved in transforming raw materials into final products and delivering them to customers. The key processes are planning, sourcing, manufacturing, delivery, and returns. Stakeholders include suppliers, manufacturers, warehouses, logistics providers, retailers, and customers. Common challenges are high costs, meeting demand, and global complexities. Benefits of effective SCM include improved inventory, order fulfillment, customer service, visibility, productivity, agility, and quality. Key performance indicators help measure order accuracy, cash cycle times, fill rates, inventory levels, margins, and more. Emerging technologies like IoT, analytics, cloud, automation, blockchain, and AI are transforming SCM.
Achieving operational excellence and customer intimacy. enterprise applicationsSanmugam Marimuthu
This document contains a list of 5 student names and their matriculation numbers. It also contains information about different types of enterprise systems like ERP, CRM, SCM systems and how they help businesses. Finally, it discusses challenges of implementing and maintaining enterprise applications and how organizations are trying to extend the value obtained from these systems.
Customer loyalty and technology as crm toolAjit Singh
This document discusses customer relationship management (CRM) and its benefits. It defines CRM as integrating all customer interactions through various channels to provide end-to-end customer management. CRM requires organizational change and information/application support. It should have consistent, repeatable processes. Customers want more value, responsiveness and flexibility for less aggravation. CRM helps increase customer retention and profitability by understanding customers. Technology like data warehousing enables CRM by providing customer insights.
This document discusses organizational planning and the transition to e-business. It covers topics like strategic planning, tactical planning, operational planning, SWOT analysis, business models, competitive strategies, value chains, technology architecture, and overcoming resistance to change. The key challenges of implementing e-business include security, defining scope, budgeting time and money, data quality, user adoption, technical expertise, and cultural changes. Success requires education, user involvement, management commitment, and addressing people factors which are the most difficult to resolve.
SIG Global Summit 2010 - Williams-Sonoma - Beyond the Benchmark SurveyCoupa Software
The summary provides an overview of key topics discussed in the document:
1) The document discusses challenges with traditional benchmark surveys and how a transactional, cloud-based approach can provide more actionable insights.
2) It outlines 10 must-measure metrics and KPIs related to procurement efficiency and effectiveness that organizations should track, including approval cycle times, spend under management, and cost savings.
3) The document provides examples of how Williams-Sonoma can develop a benchmarking strategy, such as identifying key KPIs, establishing a baseline, and aligning processes and technology with measurement.
This document provides an outline on the topic of supply chain management. It discusses key concepts like global supply chain issues, outsourcing, ethics in the supply chain, and strategies like many suppliers, few suppliers, and vertical integration. It also covers managing the supply chain, issues and opportunities in an integrated supply chain, and internet purchasing. The learning objectives are to identify and describe concepts like supply chain management, negotiations, and approaches to vendor selection and evaluation.
Similar to Lynda: Implementing Supply Chain Management (20)
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3. Use a Process Framework
Plan – map out how everything is supposed to work
Source – build relationships with suppliers
Make – manufacturing and assembling products
Deliver – getting products to the customers
Return – taking back products not needed or wanted
Enable – keep the supply chain moving smoothly
4. Plan the Supply Chaim
Main Elements of Supply Chain
Customers
Products/Services
Resources
Constraints (suppliers, staff, facilities)
5. Source Inputs
Procurement or purchasing – buying from your suppliers
Categorize as direct purchases or indirect purchases
Direct – anything you buy that becomes part of products (metal for cars)
Indirect – purchases that do not go into products (janitorial services to clean
the building)
Order in large quantities to get a volume discount
6. Make Products & Services
Pulling the Supply Chain – customer places an order
Customer demand sets the pace for production, no inventory pile up
Pushing the Supply Chain - company makes a product
Make a Stock Approach – company makes products before customers
order them
8. Return Products
Good process can help capture the most value from returned products
Builds customer loyalty
Reverse supply chains help cut cost, improve services, increase revenues,
and be sustainable
9. Enable Supply Chain
A bucket for all of the other things you need to make a supply chain
work, but fail to fit into the other categories
11. Prioritize Goals
Maintain balance in order to meet multiple goals
Examples: Keeping cost low, Providing high service, Earning profits
Balance a scorecard to track key performance indicators
Monitor the impact of decisions across many areas
12. Calculate Total Cost
Cutting cost in one place may cause an increase cost in another
Power of Supply Chain Management
Look across the functions in your business
Working with customers and suppliers to deliver most value at lowest
cost
14. Mitigate Risks
Understand the risks facing the supply chain and how to respond to them
Supply chains are constantly changing
Keep risk registers up to date by repeating the prepare process
Being prepared lowers risks and protects the entire supply chain
15. Invest in Flexibility
Ease in scaling up or down in response to changes in the supply chain
Upside flexibility is important for taking advantages of sales opportunities
Supply chains need to be flexible because the world is unpredictable
Designing flexibility can ensure quick responds without spending a lot of
money
16. Increase Visibility with a Control Tower
Supply Chain Management involves:
Planning
Execution
Visibility – valuable to see what's happening across the supply chain
Decided on the information you need, where to get it, and how to tie it
together
Control towers allow for easier identifications and responses to issues
Sooner you know = More options to resolve = Less cost
17. Supply Chain Innovation
Innovation is the key to making improvements to the supply chain
Allows for new and better ways to create value
Innovation comes in two forms: sustaining innovation and disruptive
innovation
19. E-commerce & Social Media
Social media amplifies consumer behavior by making it easy to share,
recommend, and endorse products
E-commerce often bypasses retail stores and creates opportunity to sell
directly to customers
Using e-commerce and social media makes brands transform their
distribution process
20. Internet & Data Trends
Analytics create value and gives insight of the supply chain
Internet has a profound impact on supply chain
21. Artificial Intelligence
Human Machine Interface = where people and computers work together
AI has the potential to make supply chains run faster, better, and cheaper
22. Blockchain
Way to keep lists of information and transactions that occur
Once added to the blockchain, it cannot be changed or removed
Act as a universal connector for information between systems
Help with data reliability
Make it easier to hold everyone accountable to agreements they make
23. Automation, Robotics, Drones
AI, sensors, and wireless communications allows for machines that know
what's happening and can respond quickly
Automation = replacing human workers with robots to increase efficiency
Drones might soon replace people in moving products and are already
being used to gather inventory and inspect facilities
Advanced manufacturing and distribution technologies are powerful and
less expensive
25. Right People in the Right Positions
Preparing the people in your organizations starts with training and
education
Need to understand that personal goals should align with larger company
goals
Everyone needs to focus on creating and delivering value to customers
26. Select the Right Technologies
Keep your technology roadmap current to determine if you have the right technologies
in place to deliver the results you expect
Having the right technology is critical to successful implementation of the agenda
27. Collaborate Internally
Align decisions around the metrics that matter to customers and
shareholders
Get people inside the organization working together, through cross-
functional planning and execution is important in supply chain
management
28. Collaborate Externally
Make customers able to share sales and inventory data with you gives you
more opportunity to meet inventory expectations
Helps to compete efficiency and enjoy benefits of implementing supply
chain management
Collaboration is good for customers, suppliers, and the company
29. Manage Projects Effectively
Supply chain management is about more than lowering cost or improving
service
Maximizing value by coordinating and collaborating effectively is
important
Constantly leverage new tools and connect the process throughout our
supply chain in order to respond to customers changing needs and
transform business threats into opportunities