Video one illustrates the importance of supply chain managers and their skill sets in our modern global economy for both manufacturing and service industries. Here the speaker stated that the product cost does not equal to the material cost; and that supply chain make things move, sell, and service it; it can also be used to manufacture service experiences as the same they do in manufacturing product. The video also hopes to encourage children about the opportunities available to those with supply chain management degrees. Module two explains the critical role supply management plays in producing high quality products and services. For a better understanding, supply chain management can be also call the management of the chain of supply.
Reflection Summary of Five Articles on Supply Chain Management Sarah DiPietro had natural instinct to bargain so when she had to choose the major subject at the college she selected the supply chain management. The subject satisfied its inner nature a lot and helped in practical life. Supply chain includes the suppliers of raw materials its purchase and ends with proper delivery mechanism. Supply chain management is not the subject just to study in schools or colleges but it’s implemented in practical business life and required in profiles to apply for jobs. With the passage of time more and more companies are creating jobs for supply chain managers.
Ketchen and Guinipero (2003) state that there is a lot of common research areas between supply chain management and strategic management fields. Supply chain strategy is relted to integration of activities associated with procuring supply within the firms, in relations between chains of companies and in inter-organizational networks (Harland et al., 1999). With increasing strategic importance of supply, the purchasing and supply function can become an important driving force for strategic management of supply chains and that now, the competition is between the supply chains. At same tme, it is specified that firms with higher level of strategic purchasing compared to the firms with lower level can gain a better performance in most aspects of their performance. The relational capabilities (Dyer, 2000; Dyer and Singh, 1998) can also lead to higher level of strategic purchsing and, in some industries, higher level of strategic purchasing can result in sustainable competitive advantage.
Introduction: Supply chain management: Supply chain is basically the management of the services and goods from the manufacturer to the end user (consumer). “OR” Supply chain is the management of the finished goods from the point of manufacturing (i.e. the industry) to the point of the consumption (i.e. the retailers). Main objectives of supply chain management: 1.
Effective supply chain risk management is mandatory to have a successful business. An integrated and engaged leadership team can identify risks before they cause disruptions and deliver quick and systematic responses to any incidents that may transpire. Conclusively, management, reporting and proprietorship of supply-chain risk should be established by senior management. Supply chain risk management focuses on the
Le May et al. (1999), identified job training needs for supply chain managers. These needs are dominated by interpersonal skills (e.g., communication and meeting facilitation), cross-functional knowledge, and office equipment skills. They also suggested supply chain managers should be able to apply project management techniques, organize and coordinate meetings, conduct training, and use decision-making skills. Stank et al.,1998, had focused on the development of personal skills, such as assertiveness, passion, grooming, and dress.
Implementation of supply chain management strategies can be for easy of doing business as well as for competitive advantages in business. The planning tools pose challenges for supply chain managers and make increasing requirements on the strategic management expertise of today’s companies. Nowadays, the strategy of supply chain should focus on the trend of continuous globalization and the increasing volume of competition, the growing demands of security, environmental protection and resource scarcity and last but not least, the need for reliable, flexible and cost-efficient
Supply chain management is a vast area. This chapter will emphasize the aspects of customer service and distribution i.e. a very important element in supply chain management, and how these are interrelated. The chapter is structured as follows: Section 1.1 gives an introduction to the term supply chain, Section 1.2 explain the objectives of a supply chain, Section 1.3 describes the decision phases of supply chain, Section 1.4 treats some important issues of Supply chain management, Section 1.5 highlights about Customer satisfaction, Section 1.6 contain some definitions of supply chain, Section 1.7 highlighting the role of distributors in supply chain, whereas Section 1.8 deals with the value of distribution in supply
1) Introduction Supply Chain Management is a concept that is gaining in importance and popularity. Organization progressively find themselves reliable upon having effective supply chains, and network in order to successfully compete in the global market economy (Lambert 2008). According to Wen(2007) the competition has increased from being between individual organization to being between supply chains. So now organization needs to understand how supply chain management can successfully applied in their organization (Steven Williamson, 2010). There is no universally accepted definition for Supply Chain Management, but the Council of Supply Chain Management stated that SCM is a process of " encompasses the planning and management of all activities
Applying risk management process tools to deal with risks and uncertainties caused by or impacting on logistics related activities or resources in the supply chain. Supply chain risk management is the interaction of two major fields that risk management and supply chain