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
As supply chain management is a network the firm will maintain good relationship with the customers. Each firm has there on specific plans to maintain the customer relationship. The supply chain function interfaces with customer relationship management in that their required capabilities are determined in light of the firm's identified customers. • Customer service management-it is the process of continuing the customer relationship.it is the administration and coordination of key suppliers and customers. The role of supply chain management is to provide good services from the suppliers in relation with customer requirements and expectations.
The purpose of supply chain management is to reduce inefficiencies. Specifically excess inventory. Since uncertainty is difficult to forecast, collaboration between entities helps reduce uncertainty for faster ability to respond and change. More knowledgeable about inventory is where in the SCM. From purchase orders and customers to distribution centers, the better inventory can be managed.
Supply chains, as complex networks, are usually studied from different structural perspectives, such as dyadic, serial, divergent, convergent and network (Huang et al., 2003). The key issues in supply chain management can broadly be divided into three main categories: (i) supply chain design (ii) supply chain planning and (iii) supply chain control (Shankar, et al.,
Supply chain management involves entails the management of all these activities along the supply chain to ensure that all the need and wants, present and future of customers are met in an efficient manner. The performance of these activities involves risks inside or outside of all organizations in a specific supply chain. Subsequently, risk management must be applied at every stage of the supply chain management to avoid interruptions in the supply chain that can be caused by eternal or external risks. The external and internal risks include, among other things, demand risks caused misunderstood customer and manufacturing caused by internal disruption of production
PROBLEMS IN THE FIELD OF SUPPLY CHAIN MANAGEMENT Present supply chains are developing in complexity due to several factors. We, the consumers, are requesting products on the correct time and at a reasonable fee. This creates challenges for organizations for the reason that growing each responsive and cost-effective deliver chains is seriously complex. Let me explain today’s most important challenges in supply chain. Globalization One of the biggest challenges that businesses are going through is how you can decrease their supply chain fee.
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
Logistic and supply chain managers in the current age have to deal with uncertainty, risk and volatility; they have to keep on preparing for the unexpected. The need for quality and effectiveness means that supply chain has become highly vulnerable to any simple interruptions. Uncertainty is a serious element that will affect the ability of the supply chain to meet the demand of the customers (Waters, 2007). This is the reason why close attention has to be paid to the supply chain management in terms of the standards, methodologies, and strategies. Risk mitigation has turned out to be a hot topic in supply chain management.
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
In this scenario, the Supply Chain Management theory has been established to deal with new challenges. One of the main purposes of Supply Chain Management is to integrate the businesses processes through the value chain within and across company’s boarders. However, due to high costs of building up and maintaining strategic partnerships with the suppliers, company tries to allocate their resources in a best possible way through their supply chain. The motive behind building up the close relationships with a small number of key suppliers, which hold high technological and add-value know –how and resources to maintain strong relationships with the others. Indeed, the topic of buyer-supplier relationship is relatively new in business economics.