Literature Review On Supply Chain Management
2.1 Literature Review
This research study looks at a very broad topic of pharmaceutical supply chainsspecifically the main objective of this research is to find out the role of SCM in Karachi Pharmaceutical companies specially Nexus Pharma (Pvt) Ltd.In this research study, we will try to provide an unbiased opinion on the subject. According to our evaluation of the revised literature, we decided to limit our scope and discuss a set of articles that, in our opinion, provided relevant background for this work.
The known authors Heizer and Render (2011) define the role of SCM as the Integration of acquisition activities of materials and services, transformation into intermediate goods and final products, and delivery to customers. These activities
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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
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SCM is increasingly important, from the initial practice of focusing on internal processes to the web-linking of supply chain partners. Companies were urged to increase their operational efficiency to remain competitive. Companies have begun to see value in the relationships of the supply chain efficient. The benefits of electronic SCM include lower inventory levels, faster response to problems, higher quality levels, more customer satisfaction and more diversified product offerings. As internal processes were improved, external relations were considered as the next area for business improvement. However, the supply chain must also become more open with its information sharing, and supply chain partners will need to develop a greater degree of confidence. Obviously, the benefits of a traction-based operation are there if companies are ready to collaborate. Electronic SCM enables the entire supply chain to become a community dedicated to operational efficiency and customer service (Lancaster et al.,
Supply Chain Management Case Study Trader Joe's
708 Words | 3 PagesTrader Joe 's is a developing chain of supermarkets with a distinction. Whilst not a gigantic chain store, Trader Joe 's accentuates little stores which offer a choice of merchandise hard to discover somewhere else at lower costs. The way that quality merchandise come at such low costs is only one motivation behind why the Trader Joe 's organization has turned out to be so fruitful. From humble beginnings, the organization has now developed into a multi-billion dollar monster.
Exploration Of The Supply Chain Strategies Of Target Corporation
159 Words | 1 PagesFollowing the exploration of the supply chain strategies of Target Corporation, I proposed a model that would help in improving the efficiency of the company. Electronic Invoice Presentation and Payment (EIPP) and Electronic Invoice Presentation will improve the efficiency of the company through framework that allows for preparation of budgetary streams and data errands in real time (Mangan & Lalwani, 2016). The strategy will allow Target Corporation to make use of broader measures that include fill rate, item accessibility, stock esteem, on the rack, the money-to-money cycle, on-time-conveyance, as well as the stock administration of the bend. Implementation of the model will help in the speedy delivery of products to the stores and subsequently
Systematic Change In The Military
1863 Words | 8 PagesAccording to Doherty, "The strategic management model is valid for creating a shared vision and for deploying the policy that is developed through the strategic management process" (L. M. DOHERTY, 1997). This activity holds true in Kotter's eight-step approach as well. Because the leadership within any organization should have a say in the creation of the vision, as well as how the end result of the vision is conveyed to the public. This allows the leadership to have a sense of ownership to the vision if they helped created it. In turn, this will allow the leadership to understand the greater picture of the change and how it will benefit the organization as a
Behavioral Consultation Model (BCM)
300 Words | 2 PagesAs an asset, the BCM uses a baseline and measurements to evaluate the effectiveness of the behavioral changes. The model measures how the organization was performing before the consultation, several times during the consultation, and at the end of the consultation process. The BCM is a problem-solving consultation process based on changing behavior. It is a model that uses a consultation process
Analysis Of Coca Cola Supply Chain
795 Words | 4 PagesTwo products that I usually buy at a convenience store are for example Lays Potato Chips, and Coca Cola beverages. Although both products have commanding market shares in their perspective market, both products have similar supply chains. To begin with, the different parts of a supply chain consist of raw materials/suppliers, manufacturing, distribution, retailers, and customers. In terms of Coca Cola with the company being one of the top global brands in the world, and with its products sold around the world daily, it makes sure that it has an effective supply chain management. Coca Cola aims to maximize its overall value generated by making sure that every one of its customers gets the right product, at the right time and in the right price
Yum ! Brands: Quality Management System
1860 Words | 8 PagesBrand described as a network of facilities and distribution options. The researchers argue the supply chain include different functional areas such as inbound and outbound transportation vegetables, chicken and meat, warehousing, inventory control, suppliers foods, supply management forecasting, production planning, order processing and customer services (Dwivedi, Dwivedi and Tewari, 2014). Supply chain management consists of managing the production network from raw material supplier to final customer. Regardless of any doubt, any industry faces a range of challenges in the supply
Target Corporation Social Responsibility Case Study
1104 Words | 5 PagesBuilding the Capability to Execute Strategy Target Corporation's strategic structure plans are continuously recruiting and retaining employees of the organization. Another option is to acquire, develop and strengthen resources and capabilities in performing critical value chain activities to match changing market conditions and customer expectations. Target Corporation needs to explore multidivisional or matrix organizational structure to facilitate strategic execution, delegate authority, and manage external
ALDI: Customer Relationship Management
1275 Words | 6 PagesQuestion 1 answer: Customer relationship management is mainly about building relationships with a company’s targeted profitable customers and maintaining that relationship through delivering customer value, as in how a consumer perceives a certain product and values it enough to buy it rather than buying the competitor’s product, and delivering customer satisfaction where the product meets the exact expectations the consumer had actually expected from the product or more, but not less. Companies can build customer relationships at many levels, depending on the nature of the target market (Kotler and Armstrong, 1988). Companies with many low-margin customers can develop basic relationships by which a company doesn’t get to know it’s consumers
Kmart Supply Chain Analysis
5718 Words | 23 PagesThis paper presents an overview of Kmart retail supply chain in New Zealand. Various IT systems and software used by Kmart are presented in this paper. The new IT systems and business applications are also proposed. In retail sector, IT is involved at every point right from supply chain management to POS terminals for transaction processing. Efficient use of technology and IT systems can bring innovation.
Etsy: Case Review: Customer Relationship Management
1053 Words | 5 PagesSynchronization between the Back office ERP solutions which deals with an abundance of customer data and the front office CRM which would result in the delivery of the overall client relationship transparency across the organization. Therefore, it is evident that CRM is a journey, not a destination. References: • http://blog.act-on.com/2015/03/the-future-of-crm-is-customer-engagement/ • http://digitalmarketingmagazine.co.uk/articles/the-future-of-customer-relationship-management/1897 •
Walmart Supply Chain Management Case Study
995 Words | 4 PagesQ. 2. Recent development in Technology has enabled huge global organizations to avail information easily in their premises for smooth functioning of various departments within an organization. Much of a company's success comes down to its Supply Chain Management and logistics. The development of Information Systems in SCM helps in cost reductions, customer satisfaction and productivity.
Supply Chain Management In The Boeing Company
1725 Words | 7 PagesAs a result of the events of Dremliner, Boeing has improved their supply chain management process by incorporating continuous improvement strategies and implementing ways to encourage open lines of communication amongst their supply base. Boeing 's supply chain management places emphasis on on-time deliveries and streamlining common standard processes across their suppliers. Boeing has developed several tool to not only monitor and audit the best practices and overall performance of the supplier, but aid in collaborative communication amongst their entire supply base.
Advantages And Disadvantages Of Supply Chain Management
771 Words | 4 PagesIt embraces the links all of the partners in the chain. Successful SCM requires a change from managing individual functions to integrating activities in to key supply chain process. Supply chain process integration involves collaborative work between
Pizza Hut Supply Chain Analysis
2323 Words | 10 PagesPizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
The Role Of Stakeholders In Supply Chain Management
807 Words | 4 PagesSupply Chain Management (SCM) department encounters a number of different stakeholders. Many different working relationships take place within each individual work on, from colleagues to clients, stakeholders, and suppliers. The internal supply chain that delivers the service is complicated and requires the co-ordination and co-operation of individuals and teams who have different skills and priorities. Hence, understanding stakeholder needs and working effectively with them is critical to the success of the procurement team. Cleland (1995: 151) recognised the need to develop an organisational structure of stakeholders through understanding each stakeholder’s interests, and negotiating both individually and collectively to define the best way
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