What is Supply Chain Management (SCM)? Supply Chain Management is the synchronization of a firm’s processes with those of its suppliers and customers to match the flow of materials, services, and information with customer demand. To provide the highest degree of customer satisfaction at the lowest possible cost is the flow in supply chain in management of material and information. The commitment of supply chain partners is important and requires to work together to coordinate order generation, order taking, and order fulfillment in Supply Chain Management. To maximize customer value and gain a competitive advantage in the marketplace is the active streamlining of a business’ supply-side activities in Supply Chain Management.
Outsourcing is a common theme that increases the programmer’s time for brand products to reach the shelf. IT technology is able to streamline the process and overcome significant inefficiencies at the interfaces. The color management trend report states: “people want global applications in international networks and platforms that
The assessment and evaluation of cost data in the aspects of launching new product by Marks and Spencer is about gaining insights and learning ways for achieving the goals of organisation in most effective manner. The management of the organisation has been assisting
Through an effective marketing plan, an organisation gains an in-depth knowledge of its target market, which assists in its long term decision making. In summary, marketing planning is essential to strategic planning because it ensure important resources are targeted towards the appropriate goals and minimizing time and cost losses. 2.0 Organisational auditing involves the determination of an organisations capability to effectively plan its future marketing activity. In order to achieve this, certain elements of the organisation are examined. These elements will be discussed below.
INTEGRATION: STRATEGIC PROCUREMENT AND COMPETITVE ADVANTAGE Integration of strategic procurement and competitive advantages in an organization leads to basic competencies such as having access to raw materials, suppliers with an effective system for measuring quality of products supplied; develop advantage over competitors in relationship with suppliers, working close together with suppliers on product development efforts and close working relationship with suppliers to improve each other’s processes. This will foster benefits for both company and the supplier organization, while providing the maximum transaction value in the long run. Sourcing or procurement is the main aspect of a business organization when considering inputs. Sourcing is the methodology of finding the right supplier, right product, in the right time, at the right price, in correct quantities and right qualities. Sourcing strategy can be illustrated in the following process.
One of the most important forces that drive globalization is technological development. As technology advanced it gave the means to break the barrier of time and space which in its turn helped the national markets to integrate without difficulties as they could now collect worldwide information. Furthermore communication has become easier as well as faster through internet as it allows messages to be sent and be received at the same time with no delays. Transportation improved and lead to faster traveling as it reduced the time but it increased the efficiency of transferring. “Advocates and critics of globalization basically agree on the big forces behind it: a great freeing up of trade and capital flows; deregulation; the shrinking cost of communication and transportation; an IT revolution that makes it possible for companies to digitize the boundaries between design, manufacturing and marketing and to locate these functions in different places; and the availability of large numbers of workers and engineers in low-wage countries.” (Suzanne Berger 2005
Topic: In what extent the operation managers use Capacity Planning and control strategies to enhance organization operations performance. Capacity is value added activity over a period of time at maximum level that an operation/process achieved under normal conditions. It is fundamental responsibilities of Operations management to satisfy the current and future demand. Operations management should create balance between capacity and demand. An appropriate balance between capacity and demand can satisfied the customers and eventually lead to organization profits.
Transnational migration study is not a new phenomenon and it has been found that “this process is happening more regularly on a basic routine because of fast growing technology and the spread of globalization.” It is generally agreed that with the rapid acceleration of economic globalization, transnational trend has gradually become a global phenomenon. The convenient transportation and advanced technology have really helped to make the transnational process easier. Thus transnational immigrants can easily and frequently travel cross-borders in sending and receiving country. In this way, transnational immigrants experience different cultures, norms and values and they can also bring goods and investments to help them to incorporate into mainstream society. There is an evolving population of the contemporary Chinese immigrants in the United States belong to the transnational trend, because these immigrants usually live in both the Unites States and China.
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.,
Therefore, it can be used to create a more flexible and agile organization that have the ability to respond quickly to any emerging changes in business. This is the main reason on which the different enterprises that have both ERP and BPM are over doubles as likely as those that