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Scm301 lynda assignment
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- 2. Part 1: Focuseson Supply Chain Processes
- 3. Use a processframework Supply chains are complex systems that need to be separated into processes and can be measure by key performance indicators.
- 4. Plan the supplychain Planning is key in order to manage the four elements of supply chain (customers, products and services, resources, and constraints) effectively.
- 5. Source inputs Strategic sourcingis a means to accomplishing the goal of every purchase department; reducing money spent.
- 6. Make products andservices Operations managers have to understand the process in order to positively impact supply chain speed, agility, and costs.
- 7. Deliver products Properly executingthe delivery process is vital because distribution is the final step in the supply chain between the company and the customers.
- 8. Return products The managementof reverse logistics affects customer relationships and profit.
- 9. Enable supply chains Theenabling process is how the company makes decisions about key moves the business may carry-out.
- 10. Part 2: ManageSupply Chain Challenges
- 11. Prioritize goals An excellentway to prioritize goals is to track performance on a balanced score card.
- 12. Calculate total costs Insupply chain, a bottom line on costs must be taken to assure cost savings in one place are not outweighed by cost increases in another area.
- 13. Manage competing goals Inthe process of completing goals, supply chain managers face conflicts that can be resolved through communication and collaboration.
- 14. Mitigate risks A riskregister is a tool to help managers identify, mitigate, and manage the risks facing their supply chain.
- 15. Invest in flexibility Aflexible supply chain is a sought after goal but requires proper allocation of time and money.
- 16. Increase visibility witha control tower Visibility, arguably the most valuable supply chain step, is a challenging step that can be more easily achieved through supply chain towers.
- 17. Supply chain innovation Bothsustaining and disruptive innovation are an "essential survival skill“ in order to be a supply chain that stands out.
- 18. Part 3: MonitorSupply Chain Trends
- 19. Ecommerce and socialmedia In supply chain, it is important to utilize e-commerce and social media to keep track of customers’ unpredictable demands.
- 20. Internet and datatrends By using analytics, supply chains can gather prominent information.
- 21. Artificial intelligence andmachine learning Collaborating both people and technology, such as artificial intelligence, optimizes the supply chain.
- 22. Blockchain Blockchain is animpactful technology that uniquely records transactions within a supply chain.
- 23. Automation, robotics, anddrones If understood and utilized properly, advanced technologies have the potential to create a high amount of value in supply chains.
- 24. Part 4: Implementa Supply Chain Agenda
- 25. Get the rightpeople in the right positions Before any further supply chain management implementation steps are taken, the right people have to be in the right positions.
- 26. Select the righttechnologies Creating a technology road map is the second step in the supply chain agenda implementation.
- 27. Collaborate Internally Internal collaborationwithin each business function can better be accomplished if a shared metrics is created.
- 28. Collaborate externally Collaborating externallyis a win-win situation for all involved.
- 29. Manage projects effectively Allimplementation steps can be in place, but if a project is not managed effectively, failure will occur.
- 30. Conclusion Next Steps Applying allthe steps and lessons discussed can be overwhelming, but if a company wants their supply chain to stand out, hard word must be put worth.