Motivation I enjoy the management area of a business, and I understand to obtain position in management requires a knowledge from all areas in order to take the right and most efficient decisions in a business. Strategic Operation and Supply Chain Management is a huge part in the success of a company, and this is one of the reasons that I am very motivated towards the completion of this class, and the learning activities will help me to improve my skills towards maximizing the effectiveness of production and to reduce
The role of supply chain management is to provide good services from the suppliers in relation with customer requirements and expectations. • Demand management-it balances customer requirements with supply chain capabilities, matching supply and demand with minimal disruptions. Supply chain’s role is to forecasts for the demand management process accurately. • Order fulfilment-it entails activities for defining customer requirements and designing an order fulfilment network. it helps firms to meet customer needs.
1 Introduction Supply Chain management concept is an integral part in the procurement of goods and services in the public and private. The government has introduced this mechanism to ensure value for money and high level of service delivery through public institutions. According to the Council of Supply Chain Management Professionals (2018), supply chain management “encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies”.
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user . Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer . Some supply chain systems allow used products to re-enter the supply chain, at any point where residual value is recyclable. For example, failed products within warranty returned by customers, with return merchandise authorization (RMA) that needs reverse logistics. Supply chain management (SCM)
Importantly, it also includes coordination and collaboration with channel partners, which may be providers, intermediaries, third-party service providers and customers. In essence, SCM integrates the management of supply and demand within and between companies. According to Awad and Nassar (2010), for success in this highly digitized economy organizations must manage the integration of companies, technology, people and processes not only within the company but also through extended enterprises. The role of SCM facilitates business-to-business cooperation and collaboration with suppliers, customers and business partners. Although the role of SCM can bring benefits and competitive advantages to organizations, the administration and implementation of this system represent significant challenges for
However, many company feel that the process of apply Supply Chain Segmentation is a very difficult and complex strategy for the complex global marketplace. Although this is a complex strategy, Supply Chain Segmentation is become more important for now competitive marketplace. The single-supply chain companies is more and more harder and difficult for them to meet the requirement of their target market because the rise of globalization and outsourcing. In this complicated market, the relation and interdependent among company and supplier is very high related to adapting supply chain processes which to meet the need of the customer for
Extensive academic-focused studies have revealed that supply management is an integral function of any organization, regardless of the business orientation such an organization adopts. The supply management paradigm has evolved over the years from purchase focused constructs to an encompassing of other interrelated constructs including the definitive supply to end consumers. Research of this subject matter has observed the many perspectives of supply chain management and elaborates that key perspectives are focused on operations and information management (Kopczak and Johnson, 2003). In an analysis of the dynamic significance of supply chain and supply chain management, Burt et al (2003) stress that the future focus of this domain would be
Further, Accenture (2003) and Krivda (2005) state that if a company has efficient SC, the company will outperform their competitors. Thus: “A supply chain is all the activities associated with transform the production resources from the raw materials to the final product delivered to the end customer”– Schniederjans et al., 2010 Accordingly, nowadays, SC management (SCM) is essential, in which controlling waste is a vital factor. Lean rational is aimed
Outsourcing can truly be labeled as a key feature of today’s global economy (Gunasekaran and Kobu 2007). A supply chain is a dynamic, stochastic, and complex system that might involve hundreds of participants. It can be defined as a network of suppliers, manufacturers, distributors and retailers, who are collectively concerned with the conversion of raw materials into goods that can be delivered to the customer. Companies associated in the same network require efficient supply chain integration in order to optimize their collective performance (Khaji & Shafaei, 2010). Supply chains, as complex networks, are usually studied from different structural perspectives, such as dyadic, serial, divergent, convergent and network (Huang et al., 2003).
Respond to changes in the business environment: As in SSADM documentation of the project’s progress is taken very seriously, issues like business objectives and business needs are considered while the project is being developed. This offers the possibility to tailor the planning of the project to the actual requirements of the