...| Bottom of Form Supply Chain Management, SCM, SCRC Supply Chain Resource Cooperative, Poole College of Management, North Carolina State University Tackling real-world supply chain management challenges by applying research, experience and knowledge. ------------------------------------------------- Top of Form Bottom of Form * Partner's Login * SCM Blog * Contact Us * RSS * About the SCRCMission & Team * About SCRC * SCRC Faculty * SCRC Staff * SCRC Partners * Contact SCRC * Industry Partnerships SCRC Partnerships * Industry Partnership * Partner Successes * Our Partners * Executive Education * SCM ConcentrationsMBA/Ugrad Concentrations * SCM Concentrations * Jenkins MBA SC Fellows * Student Testimonies * SCM Faculty ExpertsSCM Subject Matter Experts * SCM Faculty Experts * Cecil Bozarth, Ph.D. * Clyde M. Crider, MBA * Donavon Favre, MA * Tracy Freeman, MBA * Robert Handfield, Ph.D. * Christian Rossetti, Ph.D. * Jeffrey Stonebraker, Ph.D. * Don Warsing, Ph.D. * SCM ProfessionalsSCM Research & Resources * SCM Pro Resources * SCM Articles * SCM White Papers * SCM SCRC Director's Blog * SCM Tutorials * SCM Topics * SCM Research SCRC Article Library: What is Supply Chain Management? What is Supply Chain Management? 78 Published...
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...indecisiveness in pitching in Supply Chain Management (SCM) into Med-Tec business model. Don’s indecisiveness stemmed from several sources that imbedded doubts into his mind wondering whether SCM is just another fad whose benefits are overstated and the costs are understated. Don Kagey was the vice president of purchasing and operations at Med-Tec, a supplier of disposable medical equipment to the hospital industry. He has spent the past 2 years in implementing Six Sigma and lean manufacturing in reducing defects and increasing productivity. But the recent hype about SCM has gotten him thinking if it can indeed benefit Med-Tec too if it is implemented. Together with his team, they have found several findings regarding SCM in term of its benefits and how it should be implemented into a business. Recent comments from the Wall Street Journal has highlighted the cons of following fad business tools that doesn’t deliver what it seems to promise which further add on to the doubts Don has toward the ability of SCM to improves a business performances. Question 1) Is supply chain management for real or is it just another fad? Does the answer to this question depend on how a company pursues SCM? Supply Chain Management(SCM) is define as the process of integrating products and information from the suppliers in the upper tiers stream passing through the focal business and into the down streams of buyers and vice versa. A SCM only works when all key players in a supply chain works...
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...material stage, through to the end user. Supply chain is defined as the integration of key business processes from customers through original suppliers that provide products, services, and information that adds value for end users and other stakeholders. Here, a supply chain includes all the value chain processes from suppliers to end customers. As such supply chain comprises all the supply processes necessary to fulfill customer demand and is managed within supply chain management (SCM). SCM can be defined as “the management of upstream and downstream relationships with suppliers and customers in order to create enhanced value in the final market place at less cost to the supply chain as a whole” (Christopher, 1998). Hence, SCM refers to all of the processes, technologies, and strategies that together form the basis for working with internal as well as external sources of supply. As SCM focuses on the efficient matching of supply with demand it does not help the firm to find out what the customer perceives as valuable, and how this customer-perceived value can be translated into customer value propositions. Hence, supply chain efficiency by itself will not increase customer value and satisfaction as firms also require market orientation to enhance their market responsiveness capabilities. This research works in this direction and explains how firms build competitive advantages by moving from supply chain to demand chain management approach. Moving from Supply Chain...
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... Supply Chain Design 2/23/15 1 Finding the Right Fit: Matching Product Development with Supply Chain Design Impact of product design on supply chain design Mass Customiza@on SCM 450 S09 Closed loop supply chains Stenger Copyright 2009 2 DEMAND CHARACTERISTICS OF PRODUCTS FUNCTIONAL INNOVATIVE Aspects of Demand Predictable Unpredictable Product life cycle >2 years 3 mos. to 1 yr. Contribution margin 5% to 20% 20% to 60% Product variety low (10 to 20 variants) high (often in millions of variants) Average margin of error in forecasting at time of production commitment 10% 40% to 100% Average stockout rate 1% to 2% 10% to 40% Average forced end of season markdowns as % of full price 0% 10% to 25% Lead time required for make to order products 6 months to 1 year 1 day to 2 weeks Adapted from Marshall L. Fisher, “What is the Right Supply Chain for Your Product?” Harvard Business Review, March-April 1997, p. 107. SCM 450 F09 Stenger, Copyright 2009 3 EFFICIENT VS RESPONSIVE SUPPLY CHAINS RESPONSIVE EFFICIENT Primary purpose supply predictable demand at low cost respond quickly to unpredictable demand to minimize stockouts, etc. Manufacturing focus high utilization deploy...
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...10/15/2012 Lecture Outline Chapter 1 • What is Supply Chain Management (SCM)? • Boundary Spanning Nature of SCM Introduction to Supply Chain Management • The Rise of SCM • Characteristics of a Competitive Supply Chain • Trends in SCM • Careers in SCM and Professional Organizations • Review Copyright 2011 John Wiley & Sons, Inc. 1-1 Copyright 2011 John Wiley & Sons, Inc. 1-2 What is Supply Chain Management? Supply Chain Management (SCM) is the design and management of flows of products, information, and funds throughout the supply chain Supply Chain Stages A typical supply chain may involve many different trading partners, called stages Stages may include: – Suppliers – Producers – Wholesalers/Distributors – Retailers – Customers Copyright 2011 John Wiley & Sons, Inc. 1-3 Copyright 2011 John Wiley & Sons, Inc. 1-4 SCM Activities SCM activities include: • Coordination – coordinate the movement of goods, services, and funds through the supply chain Managing Flows Through the Supply Chain Managing Flows of Products, Information, and Funds: • Flow of Products – from the beginning to the final customer – Reverse Logistics • Information Sharing – share forecasts, point-of-sale data, planned promotional campaigns, and inventory levels • Collaboration – jointly plan, operate, and execute business decisions as one entity Copyright 2011 John Wiley & Sons, Inc. 1-5 Copyright 2011 John Wiley & Sons, Inc. 1-6 1 10/15/2012 ...
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...Supply Chain Management (SCM) is the wider concept of looking at the business needs from the sourcing till the production of the final product and delivering it to the customer. SCM attempt to centrally control or link the sourcing, the production, the shipment, the warehousing and distribution of products. The purpose is to ensure the whole business know what is happening when and where. By managing the international supply chain, companies are able to cut wastage and become more lean and mean, be more competitive and provide products faster. Being more lean and mean will drive the company to keep tighter control of internal inventories, production, distribution, sales and the inventories held and forecasted are all key elements in the SCM....
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...the consequences of committing academic misconduct as outlined in the policy. o This assignment is my own work, I have not participated in collusion, nor have I previously submitted this or a version of it for assessment in any other Unit of Study at the University or any other institution without having obtained the approval of the teacher. o I have taken proper and reasonable care to prevent this work from being copied by another student. I certify that the statements I have attested to above have been made in good faith and are true and correct. I also certify that this is my work and that I have not plagiarized the work of others and not participated in collusion. STUDENT SIGNATURE: DATE: 19 / 10 / 2015 What is SCM? This question may come up in everyone’s mind....
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...streamline production. Cost: There can be only one lowest-cost producer, and that firm usually establishes the selling price in the market Anheuser can draw a picture each morning of what brands are selling in which packages using which medley of displays, discounts, and promotions. Anheuser then sends its distributors out with new marching orders. With this information Budweiser can forecast what to produce and control cost better. Quality: Budweiser is a well established player in the beer industry. What I like about Budweiser is its consistency. No mater where in the world I buy Budweiser the beer has a uniform taste. Budweiser’s solid foundation of quality has made Budweiser a household name around the world. Delivery: With the help of IT Budweiser can produce and deliver its product faster than its competitors. Information is power. Flexibility: Budweiser’s ability to offer a wide variety of products throughout the world is a good reason Budweiser has grown for 48.9 to 50.1. Knowing what customers are buying and the demographic of distinct regions helps Budweiser deliver product for specific customers. Service: By placing a date on the beer, Budweiser offers a unique service to customers. Freshness is what Budweiser is offering its customer. 2. How can an SCM system help a distributor such as Anheuser-Bush make its supply chain more effective and efficient. The software will enhance the supply chain visibility and dexterity which will...
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...com/downloads/cis-550-case-study-7-stratified-custom-manufacturing-part-7d/ SCM appeared to be in direct violation of “Federal Rules of Civil Procedure (FRCP) What it covers: In place since 1938, the FRCP discovery rules govern court procedures for civil lawsuits. The first major revisions, made in 2006, make clear that electronically stored information is discoverable, and they detail what, how and when electronic data must be produced. As a result, companies must know what data they are storing and where it is; they need policies in place to manage electronic data; they need to follow these policies; and they need to be able to prove compliance with these policies, in order to avoid unfavorable rulings resulting from failing to produce data that is relevant to a case.” (Staff) To Read/Download Complete Assignment Hit Purchase Button CIS 550 Case Study 7 Stratified Custom Manufacturing, Part 7D https://hwguiders.com/downloads/cis-550-case-study-7-stratified-custom-manufacturing-part-7d/ SCM appeared to be in direct violation of “Federal Rules of Civil Procedure (FRCP) What it covers: In place since 1938, the FRCP discovery rules govern court procedures for civil lawsuits. The first major revisions, made in 2006, make clear that electronically stored information is discoverable, and they detail what, how and when electronic data must be produced. As a result, companies must know what data they are storing and where it is; they need policies in place to manage electronic...
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...software covering areas of SCM, ERP, and SCM software catered to medium to large size businesses. In turn, this paper will also examine the profile of the major vendors dominating each respective industry. SAP started in 1972, and is now the market and technology leader in the client/server enterprise resource planning software (2). SAP Business Suite is a bundle of business applications that provide integration of information and processes, collaboration, industry-specific functionality, and scalability (3). What is Supply Chain Management (SCM) software? According to Wikipedia: SCM software is used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. One of the most challenging questions for a company to ask itself is how much to product a product for a given set of demand. A component SCM software suite should have a forecasting feature which will attempt to gauge the balance of supply and demand and compute future production needs. Common areas of SCM software would cover the following business areas: customer requirement processing, purchase order processing, inventory management, goods receipt and warehouse management, supplier management/sourcing (1). Another way of defining SCM is the combination of art and science in improving the ways a company converts raw ingredients into a finished product or service and deliver it to customers. There are five basic components to SCM: plan, source, make, deliver...
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...Forever 21 CRM and SCM Recommendations INFS1602 Assignment B z3457712 Hiu Kwan Lam, z5060301 Cindy Nguyen, z3406631 Syed Maheen Reza Word Count: 3488 Forever 21 CRM and SCM Recommendations INFS1602 Assignment B z3457712 Hiu Kwan Lam, z5060301 Cindy Nguyen, z3406631 Syed Maheen Reza Word Count: 3488 Executive Summary The purpose of this report is to outline the advantages and disadvantages of cloud- based CRM and SCM solutions, how it can enhance a business’ customer relationships and supply chain as well as balancing the risks of the use of this technology with the benefits. This report will firstly illustrate the benefits and disadvantages of implementing a cloud-based CRM and SCM solutions, in comparison to traditional on-site processes to assist Forever 21 in making a decision whether to use these CRM and SCM solutions or not. It will then describe how CRM and SCM solutions can maintain customer relationships and retention through the leveraging of an enhancing the efficiency of supply chain management and tailoring the product range through the use of these technologies. This report will accentuate the security, ethics and privacy issues that are associated with cloud-based CRM and SCM solutions. A recommendation of a specific vendor for cloud-based CRM and SCM solutions will then be provided to assist the CIO of Forever 21 in making a decision which is most suitable to a retail business such Forever 21. Table of Contents Executive Summary 2 Introduction...
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...International Journal of Operations & Production Management Does ICT influence supply chain management and performance?: A review of surveybased research Xuan Zhang Dirk Pieter van Donk Taco van der Vaart Article information: To cite this document: Xuan Zhang Dirk Pieter van Donk Taco van der Vaart, (2011),"Does ICT influence supply chain management and performance?", International Journal of Operations & Production Management, Vol. 31 Iss 11 pp. 1215 - 1247 Permanent link to this document: http://dx.doi.org/10.1108/01443571111178501 Downloaded on: 17 March 2015, At: 16:56 (PT) References: this document contains references to 123 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 3145 times since 2011* Downloaded by AFRICA UNIVERSITY At 16:56 17 March 2015 (PT) Users who downloaded this article also downloaded: Pietro Evangelista, Edward Sweeney, (2006),"Technology usage in the supply chain: the case of small 3PLs", The International Journal of Logistics Management, Vol. 17 Iss 1 pp. 55-74 http:// dx.doi.org/10.1108/09574090610663437 Dirk Pieter van Donk, (2008),"Challenges in relating supply chain management and information and communication technology: An introduction", International Journal of Operations & Production Management, Vol. 28 Iss 4 pp. 308-312 http://dx.doi.org/10.1108/01443570810861534 Benita M. Beamon, (1999),"Measuring supply chain performance", International Journal of Operations...
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...SCM 492 I. Ch.1 – Introduction to Supply Chain Management A. Introduction Large firms find vertically integrated firm (business boundaries include former suppliers and/or customers) is difficult to manage. Firms focus on core capabilities, while creates collaborative approach (alliances/strategic partnerships with suppliers, transportation and warehousing companies, distributors and customers who are good at what they do) is most effective and efficient way for firms to stay successful – central to practice of SCM Communication and information exchange (ERP) make global partnerships and teamwork possible to compete in markets. B. Supply Chain Management Defined Supply chain starts with raw materials, turning them into materials for manufactures to assemble the finished products, sell these to wholesalers or distributors, who resell to retailers and then the end-product to consumers. Consumers buy products based on cost, quality, availability, maintainability and reputation factors to satisfy their requirements and expectations. Reverse logistics activities are return products, repairs or recycle them are included in the supply chain. Direct suppliers and customers of focal firm (end-product assembly firm) are first-tier suppliers and customers. Making products and services available to consumers – including production, delivery and recycling of materials, components, end products and services – is a supply chain. The only source of income for...
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...strategies employed by retailers. Design/methodology/approach – A mixed methods approach was employed involving analysis of depth interviews with 27 retail supply chain executives combined with a follow-up survey capturing over 200 responses. Findings – In light of uncertain economic conditions, retailers appear to be developing more agile/responsive supply chain management (SCM) strategies. Additionally, retailers are putting greater emphasis on maintaining a balance of cost versus service than the cost-centered focus found in a prior study. Research limitations/implications – This study focused on US retailers and therefore results should be cautiously extended to the retailing environment in other countries. Practical implications – Retailing is not a “one size fits all” business, and study results suggest the SCM strategies used by retailers depend greatly on the nature of each retailer’s model. However, the need to create agile SCM processes while controlling costs was an overarching theme described by retailers. Originality/value – Retailers operate some of the largest and most complex supply chains, yet SCM research has generally overlooked the retail sector. This study...
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...Use of SCM as a Method of Inventory Control January 22, 2012 Business 650: Managerial Finance Dr. Samantha Duhn Introduction Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Supply chain management is a concept that is applicable to many industries. Supply chain management is also a consideration of all possible events and factors that can affect, change, or disrupt a product. The supply chain starts very early, in planning stages, and extends through the re-use of an obsolete product. In many cases the supply chain includes the collection of goods after consumer use for recycling. Supply change management is a key to successfully managing inventory within the manufacturing industry and works by combining the of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers (Wailgum, 2008). The Process of SCM Supply chain management is a complex process comprised of many simple steps and strategies outlined here. Planning is essential to the SCM process. This is the strategic portion of SCM. Companies need a strategy for managing all the resources that go toward meeting customer...
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