The document discusses supply chain management. It defines a supply chain as the system involved in moving a product from supplier to customer, including organizations, activities, and resources. It identifies five primary processes: inbound logistics, operations, outbound logistics, sales and marketing, and service. The goals of supply chain management are to understand a company's supply chain, identify bottlenecks, implement processes to deliver the right products on time, and empower people. Best-in-class supply chains aim for balance, increase demand visibility, and isolate high costs.
Strategic supply chain management and logisticsBhavi Bhatia
Thanks to all my readers. It gives boost when I get calls from my readers and am always happy to revert back to my followers and readers. I am sorry if I am unable to reply to all the e-mails due to my busy schedule.
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Phone: +91-7696003714, +91-9814614666
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.
7 Principles of Supply Chain Management - MIT School of Distance EducationMIT School
Supply chain management minimize the waste, cost and time consumed in the production process. There are 7 Principles of Supply Chain Management and every manager should know it. MITSDE’s Distance MBA course in Supply Chain Management is a mix of practical and theoretical knowledge.
To know more information you can visit here: https://www.mitsde.com/Blog/7-principles-of-supply-chain-management
A value chain is the whole series of activities that create and build value at every step. The total value delivered by the company is the sum total of the value built up all throughout the company. Michael Porter developed this concept in his 1980 book 'Competitive Advantage'. In simple words
'Value Chain'
is a high level model of how business receive raw-materials, add value to the raw-materials through various processes and sell as finished products to customers. 'Value Chain' analysis looks at every step of business, from raw-materials to the eventual end users, with one goal to deliver maximum value.
Michael Porter introduced the value chain analysis concept in his 1985 book ‘The Competitive Advantage’.
Porter suggested that activities within an organisation add value to the service and products that the organisation produces and all these activities should be run at optimum level if the organisation is to gain any real competitive advantage. If they are run efficiently, the value obtained should exceed the costs of running them i.e. customers should return to the organisation and transact freely and willingly. Michael Porter suggested that the organisation is
split into ‘primary activities’ and ‘support activities’.
The series of slides are an Introduction to Logistics Functions. Logistics can be defined as the science of organizing the Distribution Function. The presentation also defines distribution management. It also talks about Porter’s value chain. This presentation is a Welingkar’s Distance Learning Division initiative.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
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What benefits are required of supply chain? Supply Chain in Context,Procurement,Inventory Control and Warehousing,Transportation & Supply Networks,Longer Term Exercises
Strategic supply chain management and logisticsBhavi Bhatia
Thanks to all my readers. It gives boost when I get calls from my readers and am always happy to revert back to my followers and readers. I am sorry if I am unable to reply to all the e-mails due to my busy schedule.
Contact me for any type of assignments help(nominal charges).
Thanks and Regards,
Er. Bhavi Bhatia
e-mail: bhavi.bhatia.411@gmail.com
Phone: +91-7696003714, +91-9814614666
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.
7 Principles of Supply Chain Management - MIT School of Distance EducationMIT School
Supply chain management minimize the waste, cost and time consumed in the production process. There are 7 Principles of Supply Chain Management and every manager should know it. MITSDE’s Distance MBA course in Supply Chain Management is a mix of practical and theoretical knowledge.
To know more information you can visit here: https://www.mitsde.com/Blog/7-principles-of-supply-chain-management
A value chain is the whole series of activities that create and build value at every step. The total value delivered by the company is the sum total of the value built up all throughout the company. Michael Porter developed this concept in his 1980 book 'Competitive Advantage'. In simple words
'Value Chain'
is a high level model of how business receive raw-materials, add value to the raw-materials through various processes and sell as finished products to customers. 'Value Chain' analysis looks at every step of business, from raw-materials to the eventual end users, with one goal to deliver maximum value.
Michael Porter introduced the value chain analysis concept in his 1985 book ‘The Competitive Advantage’.
Porter suggested that activities within an organisation add value to the service and products that the organisation produces and all these activities should be run at optimum level if the organisation is to gain any real competitive advantage. If they are run efficiently, the value obtained should exceed the costs of running them i.e. customers should return to the organisation and transact freely and willingly. Michael Porter suggested that the organisation is
split into ‘primary activities’ and ‘support activities’.
The series of slides are an Introduction to Logistics Functions. Logistics can be defined as the science of organizing the Distribution Function. The presentation also defines distribution management. It also talks about Porter’s value chain. This presentation is a Welingkar’s Distance Learning Division initiative.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
What benefits are required of supply chain? Supply Chain in Context,Procurement,Inventory Control and Warehousing,Transportation & Supply Networks,Longer Term Exercises
SCM, Value Chain, Objectives of SCM, Importanceprachimba
Supply Chain Management (SCM) refers to the strategic coordination and integration of all activities involved in the sourcing, procurement, production, logistics, and distribution of goods and services. It encompasses the planning and execution of processes to optimize the flow of materials, information, and finances across the entire supply chain network, from raw material suppliers to end customers.
2. The Supply Chain Defined
• A Supply Chain is a system of organizations, people, activities,
information, and resources involved in moving a product or
service from supplier to customer.
3. Five primary processes on which its supply chain framework is built:
1. Inbound Logistics
2. Operations
3. Outbound Logistics
4. Sales and Marketing
5. Service
4. 1. Inbound Logistics
• These are the activities associated with receiving, storing, and
disseminating inputs to the product (material handling, warehousing,
inventory control, transportation scheduling, and returns to suppliers).
5. 2. Operations
• This refers to the activities associated with transforming inputs into the
final product form (machining, packaging, assembly, equipment
maintenance, testing, printing, and facility operations).
6. 3. Outbound logistics
• These are the activities associated with collecting, storing, and physically
distributing the product to buyers (finished goods warehousing, material
handling, freight delivery, order processing, and scheduling).
7. 4. Sales and Marketing
• Within a supply chain context, these are the activities that induce buyers to
purchase a product and enable them to buy it (advertising, promotions,
sales force, quoting, channel selection, channel relations, and pricing).
8. 5. Service
• This refers to the activities associated with providing service to enhance or
maintain the value of the product (installation, repair, training, parts supply,
and product adjustment).
9. • The network created amongst different companies producing, handling and/or distributing
a specific product. Specifically, the supply chain encompasses the steps it takes to get a
good or service from the supplier to the customer.
• Supply chain management is a crucial process for many companies, and many companies
strive to have the most optimized supply chain because it usually translates to lower costs
for the company.
• Quite often, many people confuse the term logistics with supply chain. In general, logistics
refers to the distribution process within the company whereas the supply chain includes
multiple companies such as suppliers, manufacturers, and the retailers.
Importance
10. • The underlying goals of Supply Chain Management have remained constant:
I. Articulate exactly what a company’s supply chain looks like and what it encompasses.
II. Identify specific bottlenecks that are slowing down the movement of information, goods, and
services.
III. Put the right processes in place to get the right products delivered to the right place on time.
IV. Empower the right people so they can accomplish all of the above.
Goals
11. Roadblocks OnThe Supply Chain Path
• Technology implementations didn’t work as promised
• Projects cost too much and never came close to meeting service targets
• Supply chain projects were inconsistent with a company’s current business
strategy
• It was too difficult to manage change internally and externally
12. What distinguishes a best-in-class supply chain from
every other supply chain?
• Every top-performing company, no matter what industry it competes in,
has aggressively attacked its inventory problems, committed resources to
improving its customer service levels, and partnered with its key suppliers
hence, taking control of its supply chain. Every single one of them.
13. Best-In-Class companies share these three traits:
• They aim for balance. These companies may not be the very best in every
category, but they are consistently good enough in all areas that they add up to be
best-in-class.
• They increase demand visibility. Having a high level of forecast accuracy is the key
to reaching perfect order fulfillment, which is the holy grail of customer service.
• They isolate high costs. The best companies know where they hold their costs and
why, so that’s where they focus their best practices and technology investments.
14. • The best-run organizations have developed world-class supply chains that
extend from their customers’ customers to their suppliers’ suppliers, and all
points in between.