...Reflection on Handfield and Nichols In the text Introduction to Supply Chain Management Robert Handfield and Ernest Nichols Jr. focused on a range of topic surrounding and encompassing the understanding of supply chain management. In relation to supply chain management, the authors placed a huge emphasis on explaining the changes in supply chain management over time; more specifically its improvements. As identified in the reading, the cause for the improvements in supply chain management had everything to do with the inclusion of information technology systems in the interworking’s of the supply chain. For this reflection paper, the students and I were charged with reading the first four chapters of the text. These four chapters focused on the understanding of supply chain management, the use of information technology systems in supply chain management, managing the flow of materials within the supply chain, and managing the relationships within the supply chain. Primarily, Handfield and Nichols related their information on supply chain management and its recent advances to manufacturing settings and workplaces. Nonetheless, they did mention that all organizations regardless of size or sector have a use for supply chain management. “All organizations are part of one or more supply chains” (Handfield & Nichols, 1998; pg. 5). For the past year I have been working within the non-profit sector of Cincinnati, Ohio. Prior to beginning this course and embarking on...
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...Introduction to Supply Chain Management * Supply Chain Management: A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements. * Takes into consideration every facility that has an impact on cost and plays a role in making the product conform to customer requirements * Be efficient and cost-effective across the entire system * Supply chain strategies cannot be determined in isolation. They are directly affected by another chain that most organizations have, the development chain – includes the set of activities with new product introduction * It is challenging to design and operate a supply chain so that total system-wide costs are minimized, and system-wide service levels are maintained. * Uncertainty and risk are inherent in every supply chain * The development and supply chains intersect at the production point (HP was one of the first firms to recognize this intersection) * What makes finding the best system-wide, or globally optimal, integrated solution so difficult? * The supply chain is a complex network (Ex: National Semiconductor) * Different facilities in the supply chain frequently have different, conflicting objectives. * The supply chain is a dynamic system that...
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...responsiveness and save cost simultaneously, then the company needs to improve customer value by efficient and effective operations throughout the supply chain pipeline by using supply chain principle. Supply chain principle is to share information in entire supply chain operations and sharing rewards and risks based on collaborative relationship and trust. To meet customer’s demand and expectation, we can use supply chain tools. Based on the company information, company operation globally, therefore, I think company can outsource. In order to compete in a global market place, outsourcing to others who can perform them as well or better at lower total cost of ownership allows companies to shift fixed costs to variable costs, which make them more agile. Moreover, for a company staying at the leading position of supply chain visibility, company should relay on third parties to afford to stay ahead competitors in supply chain visibility. However, when company decides to outsource to low cost country, company should aware some challenges such as to identify capable suppliers, protect intellectual property, understand compliance of import/export issues, overcome culture and language barriers, and guarantee security of product in transit. Another supply chain tool can help company to reach its goal is supplier relationship management (SRM) which is a philosophy of mutual respect and cooperation between a company and its supplying firms, manifested by co-prosperity. Once company...
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...MGMT 472 Homework assignment 2 1. According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT: a. Personal relationships b. Individualized objectives c. Mutual benefits and needs d. Performance metrics 2. The combination of the purchase price of a good and additional costs incurred before or after product delivery can be referred to as: a. Total cost of acquisition b. Total cost of ownership c. Purchase requisition cost d. Total procurement cost 3. Benefits of implementing an effective supplier certification program include all or the following EXCEPT: a. Building long-term relationships b. Reducing time spent on incoming inspections c. Increasing supplier base d. Recognizing excellence 4. A company using a weighted-criteria evaluation system has established these 5 categories and the appropriate weight in parentheses: Quality (0.30) Responsiveness (0.20) Delivery (0.20) Cost (0.20) Technology (0.10) Company X received the following ratings in each of the five categories: Quality(90), Responsiveness(80), Delivery(80), Cost(90), Technology(90). What is their total score? a. 87.0 b. 85.5 c. 86.0 d. 84.0 5. SRM software should be capable of: a. Automating transactional processes b. Making information flow between partners more visible c. Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally d. All of these 1 Data Set E1 Period 1 2 3 4 5...
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...Introduction OF COMPANY: The brand name "Amul," is derived from the Sanskrit word "Amoolya," (significance Precious) was proposed by a quality control master in Anand.), shaped in 1946, in India. It is a brand name managed by an apex cooperative association, Gujarat Co-agent Milk Marketing Federation ltd. (GCMMF), which today is together possessed by approximately 2.8 million milk producers in Gujarat, India. Amul is situated in Anand, Gujarat and is best known for its achievement in the dairy cooperative. It is one of the best illustrations of co-agent accomplishment in the creating economy. "Any individual who has seen the dairy cooperatives in the state of Gujarat, particularly the highly successful one known as AMUL, will regularly ponder what blend of impacts and motivating forces is required to reproduce such a model a thousand times over in creating districts everywhere. The Amul Pattern has established itself as a remarkably suitable model for country development. Amul has impelled the White Revolution of India, which has made India the largest maker of milk and milk items in the world. It is likewise the world's biggest vegan cheddar brand. Amul is the biggest sustenance mark in India and world's Largest Pouched Milk Brand with a yearly turnover of US $1050million (2006-07). At present Unions are aiming to produce 2.8 million producer parts with milk accumulation normal of 10.16 million liters per day. Amul started with only one plant in Anand and 2 village cooperative...
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...An Introduction To Supply Chain Management Commerce Essay The term supply chain management was first coined by a U.S. industry consultant in the early 1980s. However, the concept of a supply chain in management was of great importance long before, in the early 20th century. Supply chain management is the word coined for the effective management of all the partners and the information disseminated between them. Take an example of Dell computers, Micheal Dell cant built his business just by selling the computers to the customers, but he need to see the complex problems of the customers and solve these problems through just in time manufacturing of the product, then how to minimize the wastage in the production then to evaluate what customers are doing and how they can make their production efficiently (NYT 2010), as the manufacturer cannot sell the product at the higher prices than the competitors are selling but through effective management you can actually reduce the cost, so concisely he need to be a master of supply chain management. Before supply chain management there was effective inventory control system exist but due to some pit falls like; no supply chain metrics, inadequate definition of customer service, , organizational barriers, inaccurate delivery status data, simplistic inventory stocking policies, inefficient information systems, ignoring the impact of uncertainties, and an incomplete view of the supply chain (Teigen 1997). There is a need for another system...
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... 1 | Abstract | 2 | 2 | Introduction | 2 | 3.1 | Benefits/Pros of RFID in supply chain (Body) | 2 | 3.2 | RFID in supply chain – Described with a case (Body) | 2 | 3.3 | Cons of RFID | 3 | 4 | Conclusion | 3 | 5 | Bibliography | 4 | The impact of RFID technology in Supply Chain Management 1. ABSTRACT This report consists of details of the introduction and inclusion of RFID tagging in supply chain management, along with a several pros and cons in the implementation. In addition, a large retail corporation is discussed in connection with the implementation. The aim of RFID in supply chain management is to see the establishment of product tracking which should revolutionize supply chain management practices. (Michael K, 2005) 2. INTRODUCTION Supply chain management is the management of moving and storing products/goods, from its raw material stage to its selling stage, from one location to another. The key to a good supply chain management is the seamless transfer of its products, supply chain management gained popularity from the mid-1990s. Supply chain has played and will always continue to play a very important role in Globalization. Some keys functions of Supply chain management, is to manage suppliers, inventory, distribution of goods, customer service and transportation. With supply chain playing an integral part in most of the businesses, it is important for a company to make sure that they have a strong supply chain system integrated and with...
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...Supply Chain Management Stacia Sorin Concordia University Word count: 702 Supply Chain Management Anastasia Melnichenko Concordia University Abstract With the vicious competition in today’s society, the introduction of products with limited life cycles, and the increasing expectations of consumers have compelled businesses to devote and center their attention on their supply chains. This, together with continuing progressions in communications and transportation technologies such as the internet, mobile communication, and overnight delivery, has inspired the continuous development of the supply chain and of the methods to direct it efficiently. In a supply chain, raw materials are obtained and items are produced at one or more factories, shipped to warehouses for storage, and then shipped to the consumers¹. As a result, to trim down cost and improve service levels, effectual supply chain policies must take into account the relations at the different levels in the supply chain. Introduction Components The supply chain consists of suppliers, manufacturing centers, warehouses, distribution centers, and retail outlets, as well as raw materials, work-in-process inventory, and finished products that flow between the facilities¹. Supply chain management is a set of approaches used to incorporate suppliers, manufacturers, warehouses, and stores, so that products are produced and distributed at accurate quantities, to specific locations, at the right time. This is done...
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...Please ensure all pages have a footer containing your name, College ID & Assignment title |Course Title |Extended Diploma in Strategic Management and Leadership|Student Name | | | |L7 | | | |Centre No |59910 |Reg. No | | |Unit |Strategic Supply Chain Management |E-mail | | |Unit Number |14 |Edexcel No | | |Batch No |B13/B15 |Signature | | |Assessor |Professor David Pinfield |Submitted by | | |Assignment Title | | | | | | |Date | ...
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...APICS Certified Supply Chain Professional Exam Content Outline I. Supply Chain Management (SCM) Fundamentals (30%) A. Overview of supply chain management 1. Supply chain management process overview 2. Definitions of supply chain, supply chain management, including reverse supply chain 3. Value and benefits of supply chain management (using the supply chain to improve profitability and decrease working capital) a. Key stakeholders in the supply chain 4. Evolution of supply chain management (definition of different stages, recognition, understanding, examples) a. Functional supply chains b. Integrated supply chains (internal and external) c. Value networks B. Aligning supply chain management with corporate strategy 1. Corporate strategy (strategic and financial planning) 2. Competitive priorities and future direction (use of visibility, velocity, and variability) 3. Aligning supply chain strategy and capabilities with corporate strategy 4. Driving supply chain decisions (e.g. processes, capacities, locations, etc.) with competitive priorities and supply chain strategy 5. Using ERP to align operations with...
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...Title : Supply Chain Management Course Code : BUS 306 Year of Study : 3 Number of Credits : 3 credits Duration in Weeks : 15 weeks Contact Hours Per Week : Lecture (2.0 hours) Tutorial (1.0 hour) Pre-requisite Course(s) : Nil Course Aims This course aims to provide students with a clear, well-structured and comprehensive understanding of basic concepts and principles of supply chain management. The course will highlight the very important role of supply chain management in creating customer values, and how it plays in today’s global business world. Besides, this course also presents the strategic context in which supply chain managers work. Teaching Approach Both lectures and tutorials will be used. Lectures are designed to introduce the topics and develop students’ understanding of the materials. Tutorials are designed to consolidate what students have learned in the lecture and help them to apply the theories in relevant situations. Participation of students will be vital to the learning process. Current issues in the business fields related to supply chain management will be used extensively to illustrate the practical aspects of the course. Resources Principal Reading 1. Chopra S. & Meindl P., Supply Chain Management – Strategy, Planning, and Operation, Fourth Edition, New Jersey: Pearson Education, 2010. Supplementary Reading: 1. Bozarth, C. & Hanfield, R., Introduction to Operations and Supply Chain Management, Third...
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... Extended Diploma Strategic Management and Leadership Unit Title: Strategic Supply Chain Management and Logistics Student Name: S M MOINUL HOQUE Student ID / Login: ______________ contents Introduction Task 1.1 explain the importance of effective supply chain management in achieving organisational objectives Task 1.2 explain the link between supply chain management and business functions in an organisation Task 1.3 discuss the key drivers for achieving an integrated supply chain strategy in an organisation Task 2.1 evaluate the effectiveness of strategies used by an organisation to maintain supplier relationships Task 2.2 use information technology to create strategies to develop an organisation’s relationship with its suppliers Task 2.3 develop systems to maintain an organisation’s relationship with its suppliers Task 3.1 assess how information technology could assist integration of different parts of the supply chain of an organisation Task 3.2 evaluate how information technology has contributed to the management of the supply chain of an organisation Task 3.3 assess the effectiveness of information technology in managing the supply chain of an organisation Task 4.1 explain the role of logistics in supply chain management in an organisation Task 4.2 evaluate procurement practices in an organisation Task 4.3 discuss the...
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...Supply Chain Management COURSE OUTLINE TERM WINTER 2014 A. INSTRUCTOR AND CONTACT INFORMATION | Instructor: | Mr. Hanif Ajari | Office #: | Korangi Sector 30 near Singer round about | Telephone: | 0321- 2666071, 021-34933003(Res) | E-mail: | Ajari1230@hotmail.com | Office Hours: | Normal University hours | B. COURSE OBJECTIVE | Objective of this program is to generate basic level understanding and translating conceptual exposure in very congenial atmosphere among the students and professional that why supply chain management is among the top initiatives for businesses of all sizes. Yet most purchasing, operation, planning, and finance managers feel they don’t have good control over their supply chains. Even the best informed are saddled with questions about establishing organization buy-in, defining metrics and benchmarks, optimizing material and transactional flow, and conducting relevant competitive analysis to define business opportunities. The challenges involved in optimizing a company’s supply chain are substantial. The proposed course outline grew out of a number of supply chain management courses or workshop conducted in Executive Education programs I have taught extensively in many universities within and outside Pakistan over the past five years as well as number of projects I have handled in the field of designing the supply chain model within Pakistan or and other countries of the world. The course outline is more or less similar to the topics...
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...Models OPEMAN-559; No of Pages 8 Journal of Operations Management xxx (2007) xxx–xxx www.elsevier.com/locate/jom Sustainable supply chains: An introduction Jonathan D. Linton a,*, Robert Klassen b, Vaidyanathan Jayaraman c a Paul Desmarais Professor in the Management of Technological Enterprises, School of Management, University of Ottawa, Ottawa, Ont. K1N 6N5, Canada b Ivey School of Management, University of Western Ontario, London, Ont., Canada c Department of Management, School of Business, University of Miami, Coral Gables, FL, USA Abstract Consideration is given to the convergence of supply chains and sustainability. In doing so, the focus on environmental management and operations is moved from local optimization of environmental factors to consideration of the entire supply chain during the production, consumption, customer service and post-disposal disposition of products. This is a critical and timely topic that captures increasing concerns over sustainability, whether driven by current legislation, public interest, or competitive opportunity. As such, sustainable development is a rich area for academic research that is still in its infancy and has the potential to affect future government policy, current production operations, and identify new business models. This paper provides a background to better understand current trends in this multidisciplinary field that intersect with operations management, and the research opportunities and challenges it presents...
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