...darpanonline.org/GIRT Global International Research Thoughts ISSN 2347–8861 October-December 2013 Supply Chain Management: It’s Importance in Today’s Business * Kavita Jain Assistant Professor, Department Management, Govt. P.G.College, Gohana (Sonipat). * Susheela Rathee Assistant Professor, Department Management, Govt. P.G.College, Gohana (Sonipat). ABSTRACT Supply chain management (SCM) is the management of the flow of goods. It manages complex and dynamic supply and demand networks. It includes the movement and storage of raw materials, work‐in‐process inventory, and finished goods from point of origin to point of consumption.The object of the present research is to examine the importance of supply chain management in a business entity and measure the impact of supply chain management on the today’s business. For the purpose of conducting this enquiry the present researcher based on secondary sources of information from some published books, printed materials of select business entities and from relevant websites. The study concluded that supply chain management is a very important process in a business organization. A business organization avails a lot of benefits from SCM as‐ reduction in inventory cost, provides better medium for information sharing, improves customer satisfaction etc. The study also finds that supply chain management has a great impact on the today’s business organization. Keywords : Chain Management (SCM), Business organization...
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...MBA 382: SUPPLY CHAIN MANAGEMENT Credit Units: 03 SESSION PLAN- SUPPLY CHAIN MANAGEMENT FACULTY: PROF.A.RAMASWAMY IYENGAR Marks: Hundred. Objective: The aim of this course is to develop the understanding of the various components of the integrated supply chain. The learning is focused on developing the supply chain to suit domestic as well as global markets. Session No | Topic | Pedagogy | Student name | evaluation | 01 | Introduction of Logistics and SCM | Interaction Lecture | Manoj P | | 02 | Evolution of Logistics and Importance of Supply Chain Management in the Overall Organization Functioning, Inter-functional coordination, | PPT & Case study | | | 03 | Customer Focus in Supply Chain, | Lecture | | | 04 | Supply Chain Logistics Operations, | Industry visit | Avinash K | | 05 | Objectives of purchasing, Purchase strategies, Outsourcing in SCM, Vendor Management and Development | PPT Lecture | | | 06 | Liquid Logistics, Cold Chain Operations. | Class room session | | | 07 | Strategic Issues in Supply Chain Management | Group discussion | Priyanka B | | 08 | Value chain and value delivery system, Inter-corporate cooperation, | PPT lecture | | | 09 | Different Modes of Transportation, Choice for Transportation, | Video lecture | | | 10 | Concept of multi-modal transportation and infrastructure needs | Lecture | | | 11 | Third Party Logistics, Fourth Party Logistics, Distribution...
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...International Journal of Production Research Vol. 48, No. 17, 1 September 2010, 5137–5155 Supply chain performance measurement: a literature review Goknur Arzu Akyuz* and Turan Erman Erkan Department of Industrial Engineering, Atilim University, Kizilcasar Mahallesi, 06836 Incek Go¨lbasi, Ankara, Turkey (Received 19 February 2009; final version received 2 June 2009) This paper is intended to provide a critical literature review on supply chain performance measurement. The study aims at revealing the basic research methodologies/approaches followed, problem areas and requirements for the performance management of the new supply chain era. The review study covers articles coming from major journals related with the topic, including a taxonomy study and detailed investigation as to the methodologies, approaches and findings of these works. The methodology followed during the conduct of this research includes starting with a broad base of articles lying at the intersection of supply chain, information technology (IT), performance measurement and business process management topics and then screening the list to have a focus on supply chain performance measurement. Findings reveal that performance measurement in the new supply era is still an open area of research. Further need of research is identified regarding framework development, empirical cross-industry research and adoption of performance measurement systems for the requirements of the new era, to include...
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...improve current supply chain problems amongst major customers. To start the process companies designated a team of qualified individuals to study each retail customer. The information gather is used to produce more efficient designs with an improved flow of information service levels are up to 90% in some areas, Bannon (2001). Many companies are realizing the effect Supply Chain Management is having with bottom line consumers. This paper will examine how management accounting is becoming a large part of Supply Chain Management. First, supply chain management, management accounting and cost management will be defined. Second, supply chain management will be discussed in regard to its developing relationship with management accounting and cost management. Third this relationship will be further examined including supplier relationships and the trend of adding management accountants to multifunctional teams. Definitions By definition supply chain management is “the strategic management process, unifying the systematic planning and control of all technologies, materials and services, from identification of need by the ultimate customer. It encompasses planning, designing, purchasing, production, inventory control, storage handling, distribution, logistics and quality. The objectives are to optimize performance in meeting agreed customer service requirements, minimizing cost, while optimizing the use of all resources throughout the entire supply chain,” Clinton (2004)...
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...nowadays. The sourcing model of global apparel brands within its ethical purchasing and supply chain management functions have been critically analysed to evaluate their effectiveness and value they add throughout their supply chain and in overall organisational operation. This report has emphasised on three key areas such as general sourcing model and its components in the context of global buyer’s perspective i.e. Transnational Corporations, a clear scenario about current ethical situation of Bangladesh’s apparel sector, and relevant supply chain theories and its implications related to ethical purchasing in apparel industries. At the end, a proper conclusion has been given by evaluating all the three sections critically based on the theoretical lens of purchasing and supply chain management. Table of Contents Executive Summary 1 Introduction 3 Section-1: General Discussion on Sourcing and its Components 4 Sourcing and its Role in Supply Chain 4 Sourcing Needs of the Companies and its Impact on Supply Chain 4 Steps of Making Sourcing Decisions by Transnational Corporations 5 Ethical Sourcing 6 Ethical Sourcing by TNCs in Apparel Sector 6 Importance of being Ethical in Sourcing 8 Section-2: Current Situation of Bangladeshi Apparel Sector and its Ethical Perspectives 9 Section-3: Supply Chain Theories and its Implications Related to Ethical Purchasing in Apparel Industries 11 Theory of Value Chain and Global Value Chain 11 Corporate Social Responsibility...
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...Supply chain management has gaining its importance in serving business operations and being part of strategic management of the business. Its role has been shifted from being a support department to being the core department of business with strategic importance and role to play in overall operations of the business. In modern business world no organization can sustain without having a well established, effective and efficient supply chain management. The role of vendors along with vendor management with the introduction of information technology is important consideration for organizations. Now with increase of strategic importance of supply chain management the service provider is now becoming a partner to the organization, rather being just the vendor. The factor influencing competitive advantage of the organization is now having the better vendor management and vendor relations in the list. Therefore in coming years the importance of supply chain management is expected to increase with the increase in competition and globalization. To understand the strategic supply chain management, key concepts and use of information technology to maintain the vendor relationships, this report in presented on one of the leading FMCG company Nestle. Their products range is wide and the concentration of this report is on organization’s Pakistan operations. Since Pakistan is the part of their global supply chain operations but for their milk products they have to rely on the local milk...
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...Research paper Supply chain management integration and implementation: a literature review Damien Power Department of Management, The University of Melbourne, Melbourne, Australia Abstract Purpose – The purpose of this paper is to review a sample of the literature relating to the integration and implementation of supply chain management practices from a strategic viewpoint. Design/methodology/approach – The literature is examined from three perspectives. First, supply chain integration covers issues relating to integration of core processes across organizational boundaries through improved communication, partnerships, alliances and cooperation. Second, strategy and planning examines supply chain management as a strategic matter for trading partners, along with factors relating to the amount of planning required. Third, implementation issues concern factors critical for successful implementation, as well as issues specific to inter and intraorganizational aspects of supply chain initiatives are contained in this sub-group Findings – An important emergent theme from the literature is the importance of taking a holistic view, and the systemic nature of interactions between the participants. At the same time, it is also apparent that this requirement to take such an holistic and systemic view of the supply chain acts as an impediment to more extensive implementation. The strategic nature of adopting a supply chain wide perspective, on the one hand provides significant potential...
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...interest. Copyright 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Licensed to: CengageBrain User Managing Supply Chains: A Logistics Approach, Ninth International Edition John J. Coyle, C. John Langley Jr., Robert A. Novack, Brian J. Gibson Vice President of Editorial, Business: Jack W. Calhoun Editor-in-Chief: Joe Sabatino Senior Acquisitions Editor: Charles McCormick, Jr. Developmental Editor: Daniel Noguera Editorial Assistant: Courtney Bavaro Marketing Manager: Adam Marsh Senior Marketing Communications Manager: Libby Shipp Design Direction, Production Management, and Composition: PreMediaGlobal Media Editor: Chris Valentine Rights Acquisitions Specialist, Text and Image: Deanna Ettinger Manufacturing Planner: Ron Montgomery Senior Art Director: Stacy Shirley Cover Designer: Patti Hudepohl Cover...
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...collaborative supply chain with the analytic hierarchy process (AHP) Andra Badeaa , Gabriela Prosteana*, Gilles Goncalvesb,c, Hamid Allaouib,c a Politehnica University of Timisoara, Remus 14, Timisoara 300191 Romania b Universite Lille Nord de France, Lille F-59000, France a Universite Artois, LGI2A, Bethune F-62400, France Abstract This paper analyzes supply chain crisis, the main blockage to effective supply chain collaboration. The research question of this article refers to how the two collaboration concepts (vertical and horizontal) in supply chain can be influenced in practice by potential risk factors. This research proposes five alternatives for a good collaboration: Information sharing collaboration, Decision synchronization collaboration, Incentive alignment collaboration, Resource and skill sharing collaboration, Knowledge Management collaboration. After a thorough research and detailed discussions, the authors identified 16 risk factors most present in literature. The research methodology was combined with the application of the analytic hierarchy process (AHP). © 2014 The Authors. Published by Elsevier Ltd. Open access under CC BY-NC-ND license. © 2014 The Authors. Published by Elsevier Ltd. Selection and peer-review under responsibility ofof SIM 2013/12thInternational Symposium inin Management. Selection and peer-review under responsibility SIM 2013 / 12th International Symposium Management. Keywords: collaborative supply chain; risk factors;...
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...flexibility has enabled the company to eliminate inventory. True False According to the text, Zara's strategy focuses on continual renewal of its clothing lines. True False According to the text, outsourcing is hiring others to do noncore activities. True False According to the text, any activity in the value chain can be outsourced except for strategy and management. True False According to the text, the process of coordinating and integrating the flow of materials, information, finances, and services within and among companies in the value chain is called operations management. True False Supply chains are an integral part of global quality and cost management initiatives, since a typical company's supply chain costs can represent over 80 percent of assets. True False Because inventory is carried at each stage in the supply chain, and because inventory ties up money, it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory. True False According to the text, shorter and less predictable product life cycles have placed reduced emphasis on supply chains and their performance. True False Effective supply chain management can enhance a company's ability to manage regulatory, social, and other environmental pressures, both within a nation and globally. True False 2. 3. 4. 5. 6. 7. 8. 9. 10. An important consideration in design is the extent to which the international company's products and services will be standardized...
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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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...countries and boundaries. With globalization, there are business process differences to overcome, diversity with respect to organizational culture to consider, and the intuitive element is approached from gender perspective as well as its relevancy in shaping managers’ cognitive style. Global change is altering the supply chain management structure and efficiency for U. S. multinational corporations. Johnson (2006) points to five areas of importance regarding supply chain management structures: Globalization and outsourcing, including the impact of China and India on supply chain structure and coordination; new information technologies, such as radio frequency identification (RFID) and tools that enable enterprise integration and collaboration; economic forces within and between supply chains, from the consumer pricing to supplier contract negotiation; risk management, including risks from supply chain complexity and from security threats; product lifecycle management, including post-sale service and product recovery (p.191-192). Even though these areas are important, Johnson (2006) underemphasized the importance and affects of cultural values and managerial philosophies on supply chain management organizations (Robbins & Judge, 2007). Anwar and Chaker (2003) demonstrated that cultural values and managerial philosophies are indigenous factors that are rooted within a given country. For example, Arabian managers are pugnacious, gregarious, and prefer to haggle a great deal...
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...Type: Lecture Introduction Nobody will dispute the fact that operations are becoming increasingly international or even global in nature. Less clear, though, is what this actually means for operations. Drivers of globalization include increased competitiveness through offshore manufacturing and increased sales by expanding into new markets, but the associated opportunities and challenges are totally different and highly industry-dependent. Clearly, the issues facing a hi-tech firm are different than those facing a global consulting firm, software is a different ballgame than textile, etc. "Global operations" can refer to, among others, global sourcing, to having manufacturing or service or R&D facilities world-wide, or to supplying global markets, each of which have very different ramifications: Global sourcing Global manufacturing Global distribution . dealing with foreign . facility location . local content regulations suppliers . coordinating networks . managing global . managing international of plants distribution logistics . coordinating networks . managing risk . managing risk of R&D facilities . operations in other countries Page intentionally left blank. Class: 2a Type: Lecture Supply Chain Management & Service The goal in this part is to introduce the two main sections of the course, international manufacturing...
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...YEAR 2010-2011 Global Supply Chain and Logistics M06BSS 1. MODULE SUMMARY Aims and Summary This module provides knowledge and a thorough understanding of the management of the distribution and logistics function in contemporary organisations. The module will introduce the core concepts and theories that are pre-requisite for the successful management of logistics within the overall context of the organisation. The overall fit of the logistics function will be explored in context of attaining and sustaining competitive advantage and world-class status for global organisations. The module will explore supply chain networks and the importance of supply chain management. Current logistical trends such as lean management of the logistics and supply chain function will also be analysed. Other areas explored will include procurement, inventory management, transportation, warehousing and new technologies such as RFID. Module Size and credits | |Module size |Single | | |CATS points |15.0 | | |ECTS credits |7.5 | | |Open/Restricted |Open ...
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...Collana Working Paper n. 1/2009 ENTREPRENEURIAL COUNTERINTUITIVE STRATEGIES FOR OPERATIONS AND GLOBAL SUPPLY CHIAN MANAGEMENT. A STUDY OF THE BENETTON GROUP by Daniele M. Ghezzi Entrepreneurial counterintuitivestrategies for Operations and Global Supply Chain Management. A study of the Benetton Group by Daniele M. Ghezzi CONTENTS 1 – Introduction 2 – Benetton’s operations strategy 2.1 Review of the literature 2.2 Focus on the Benetton case 3 – Benetton’s position in the supply network and a critical review of its supply chain strategy 3.1 Review of the literature 3.2 Focus on the Benetton case 4 – Conclusions References Anneexes Annex 1: Benetton Group organizational structure Annex 2: Forein production poles Annex 3: Benetton Group financial highlights Annex 4: Benetton’s Revenues brealdown Annex 5: Images of Benetton’s sorting system and distribution center 3 3 3 4 9 9 10 13 14 16 16 16 17 18 19 Il testo di questo working paper è coperto dai diritti d’autore e non può essere riprodotto, in alcuna forma, senza l’autorizzazione scritta dell’autore. In caso di citazione in altri lavori, si prega di indicarlo in bibliografia nel seguente formato: Daniele M. Ghezzi, Entrepreneurial counterintuitive strategies for Operations and Global Supply Chain Management . A study of the Benetton Group, Collana Working Paper del Centro di Ricerca per lo Sviluppo Imprenditoriale dell’Università Cattolica, n. 1/2009. Il CERSI (Centro di Ricerca per lo Sviluppo Imprenditoriale)...
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