...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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...STUDENT NAME: Mohannad Awni Karaja Student ID: 8703 Introduction to SCM: It resulted from growth pressures of globalization and increasing the novelty and the evolution of the client (the waves improve business) and that in recent decades starting administration objectives and results through monitoring the overall quality and total quality management and business re-engineering and knowledge management and finally the Department of Administration supply chains E. As a result of the foregoing, the management of the supply chain for those in charge of operation and contractors and suppliers has become more difficult to convince them to work with certainty. Supply chain management has become an important phenomenon because of the...
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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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...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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...SECTION A 1. INTRODUCTION (Policy:\Jan900-Guidelines for AO and Authorities, p1) Supply chain management is 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. While the Constitution of South Africa states that procurement practices must be fair, equitable, transparent, competitive and cost-effective, the present position is far from the ideal, for example: • Procurement and provisioning procedures are rule driven, and value for money is almost always equated to the lowest price tendered – the emphasis is on monitoring inputs; • Procurement and provisioning activities are not linked to budgetary planning; • Asset management is limited to control of inventory, rather than on ensuring a satisfactory return to the community for the funds invested; • Bid documentation are not uniform, causing uncertainty to bidders and practitioners; • The Preferential Procurement Policy Framework Act, No 5 of 2000 (PPPFA) and its associated Regulations are complex and difficult to implement correctly, and procurement practitioners are not adequately trained in their application; • The costs and outcomes of the PPPFA are not fully quantified, hence it is impossible to evaluate the merits of the system. (Government of the Republic...
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...Cisco Systems, Inc. Supply Chain Risk Management Chuck Munson with María Jesús Sáenz and Elena Revilla Vice President, Publisher: Tim Moore Associate Publisher and Director of Marketing: Amy Neidlinger Executive Editor: Jeanne Glasser Levine Operations Specialist: Jodi Kemper Managing Editor: Kristy Hart Senior Project Editor: Betsy Gratner Compositor: Nonie Ratcliff Manufacturing Buyer: Dan Uhrig © 2014 by Chuck Munson Published by Pearson Education, Inc. Publishing as FT Press Upper Saddle River, New Jersey 07458 FT Press offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside the U.S., please contact International Sales at international@pearsoned.com. Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners. All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher. ISBN-10: 0-13-375744-7 ISBN-13: 978-0-13-375744-6 Pearson Education LTD. Pearson Education Australia PTY, Limited. Pearson Education Singapore, Pte. Ltd. Pearson Education Asia, Ltd. Pearson Education Canada, Ltd. Pearson Educación de Mexico, S.A. de C.V. Pearson Education—Japan Pearson Education Malaysia, Pte. Ltd. Reprinted from The Supply Chain Management Casebook (ISBN: 9780133367232) by...
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...CONTENTS 1.0 Introduction 2.0 Definition of Globalization in Supply Chain Management 3.0 Advantages of Globalization in Supply Chain Management 3.1 Reduced Cycle Time 3.2 Cost Competitive 3.3 Increase Sales, Profits 3.4 New Markets 3.5 Satisfy Shareholders 3.6 Learn From Others 4.0 Disadvantages of Globalization in Supply Chain Management 4.1 Inefficient and Undersized Transportation and Distribution Systems 4.2 Market Instability 5.0 Conclusion 6.0 References 1.0 Introduction Today’s business environment characterized is by faster technological development, shorter product life cycle, and more intense global competition. Having the right product available in the right place, at the right time, enable the company to compete in this volatile market place. This environment forces companies to actively acquire new way to achieve competitive advantage since a firm competitive advantage is now more dependent on operating efficiency and productivity across functional areas of the organization. Companies are going truly globalization in Supply Chain Management. A change in the way of serving and providing customer needs and wants emerge as a result of economy globalization. The role of manufacturing companies has changed from supplying domestic market to supply international market carried out in business network on supply chain. A company can develop a product in Singapore, manufacture in China and its customers throughout the world with globalization...
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...SUSTAINABILITY SUSTAINABILITY Role of reverse logistics and closed-loop supply chain in sustainability Implementation Manufacturing Strategy | AbstractIn this interim report, motive for doing this topic has been discussed and further, the methodology which will be used to reach the conclusion is also been mentioned. Finally, expected takeaway are also been highlighted. Kuldeep Jain - 1401083 Term Paper – Interim Report | Role of reverse logistics and closed-loop supply chain in sustainability Implementation Manufacturing Strategy | AbstractIn this interim report, motive for doing this topic has been discussed and further, the methodology which will be used to reach the conclusion is also been mentioned. Finally, expected takeaway are also been highlighted. Kuldeep Jain - 1401083 Term Paper – Interim Report | Contents Objective 1 Why this topic? 2 Introduction 2 Methodology & Scope 3 Literature review 3 Expected Takeaway(s) 4 References 5 Objective The objective of this term paper is to understand the role of reverse logistics and closed loop supply chain in sustainability implementation by means of literature study and secondary research. Why this topic? In today’s cut throat competition, organizations are focusing more on customer satisfaction to remain competitive in the market. It is very important to look at reverse logistics as a new strategy rather than expenses. Today, organizations are investing more in developing there reverse...
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.... Introduction Good Supply Chain Management practices and properly designed Supply Chain Strategy plays a very crucial role in the success of any organization. Supply Chain Managements concept is formed around two nucleus ideas. According to the first idea, nearly all products that make to an end user signify the collective effort of several organizations. Cumulatively, these organizations are referred to as the supply chain. Based on second idea, though supply chains have been in existence for quite a long time now, the majority of the organizations closely monitored to what was taking place in the supply chain within their four walls. A small number of companies understood and managed the entire chain of activities in their supply chain that finally delivered goods to the ending stage of supply chain that is the customer. This resulted in disorganized and repeatedly ineffective supply chains (R. Handfield, 2011). Supply chain management now can be defined as an active management of supply chain activities to maximize consumer value and attain a sustainable competitive advantage. It characterizes a cognizant endeavor by the supply chain companies to build up and run supply chains in the most effective & efficient ways possible. Like any other organization, supply chain also plays a very important role in the airline industry. Currently in the airline industry, various links in the supply chain are in tension leading to minimized profits, heavy losses and in some cases even...
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...INTRODUCTION We are all aware that technology is changing at a fast pace and that we all have to adapt to the new way of life. In today’s increasingly turbulent commercial world, achieving an efficient and effective supply network is central to business success. Every single item in your view right now from the shirt you’re wearing to the screen of your computer came from somewhere. The world we live in depends on logistics and supply chain managers to make products available to us. These managers are the ultimate back-room power players moving millions of dollars of product every day. Logistics and supply chain managers are the air traffic controllers of the global market and can give a company the advantage it needs to surge ahead of its competition. If any part of the supply chain fails, then a business can find itself with a big problem. That's why good supply chain managers always understand the importance of efficient logistics in supply chain. DIFFERCENCE BETWEEN THE CONCEPTS:- Logistics Management: It is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers at the lowest cost possible. Supply chain management: It involves coordinating and integrating Logistics Management within and among companies. It is the management of a network of interconnected businesses involved in the provision of product and service packages...
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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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