From the view of the knowledge-based point, it is necessary for specialization since bounded rationality is recognition that human mnd has limited capacity to acquire, store and process knowledge. The Characteristics of Supply Chain Managers Supply chain management (SCM) is an important matter in encounter many organizations besides act as an important area that helps improve competitiveness and profitability. Managing the supply chain has become a way of enhance competitiveness by minimize uncertainty and upgrading customer service. There are few firms which ar successful in achieving a higher level of performance even if they have lanched the supply chain management concepts (Titinan Nakornsri & Sang M. Lee). The several features of supply chain managers are the consistency of leadership when highly efficient companies benefit from consistency in their leadership and most of firms built supply chain orgnizations in the early 80s and have only had several supply chain leaders over the thirty years of process evolution.
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
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
But, the logistics perspective that considers the company itself without considering its supply chain members is not sufficient. To gain this competitive advantage, there is the need to adopt the Supply Chain Management (SCM) approach and consider the supply chain as a whole. Supply Chain Management (SCM) is “the management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole” (Christopher, 1998). This philosophy requires a movement away from arms-length relationships toward partnership-style arrangements. SCM involves integration, co-ordination and collaboration across organisations and throughout the supply chain.
Introduction “Supply chain consists of all parties involved, directly or indirectly in fulfilling customer request”, (Chopra & Meindl, 2001, p.16). It includes transporters, warehouses, retailers, and even customers themselves and not only the manufacture and suppliers. When referring to its function in an organization, it involved the process of receiving and filling a customer’s request with its major purpose to satisfy the customers’ needs while generating profit in the process. A prime example of supply that was listed by (Chopra & Meindl, 2001, p.16) was “Consider a customer walking into a Wal-Mart store to purchase detergent. The supply chain begins with the customer and his or her need for detergent.
Conclusion Supply Chain Management (SCM) involves joint collaboration between outsourcing partners, suppliers, and customers. It comprises the transformation of goods from raw materials through to the delivery of the finished product; it also includes the management of key information flows. SCM involves the integration of these activities and aims to improve relationships between the various parties, while achieving a sustainable competitive advantage through high quality and lower cost products. SCM is closely linked with enterprise resource planning (ERP) and electronic commerce systems. Future supply chains are likely to be more dynamic in nature, and consist of collaborative value networks in which productivity and efficiency are constantly maximised.
Supply chain management (SCM) is the administration of a system of interconnected organizations included in a definitive provision of item and administration bundles required by end clients. Production network administration traverses all development and capacity of crude materials, work-in-procedure stock, and completed merchandise from purpose of cause to purpose of utilization (supply chain).Another definition is given by the APICS Dictionary when it characterizes SCM as the "outline, arranging, execution, control, and observing of supply chain activity with the goal of making net quality, fabricating an aggressive base, utilizing overall logistics, synchronizing supply with interest and measuring execution all inclusive. In the current
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.
2.1 literature review: Supply chain Management can be defined as the flow of material and information in a supply chain to provide the highest degree of customer satisfaction at the lowest possible cost. Supply chain management requires the commitment of supply chain partners to work closely to coordinate order generation, order taking, and order fulfillment. They thereby create an extended enterprise spreading far beyond the producer 's location. Supply chain management is applicable in both manufacturing and services organizations as the prime focus revolves around integration of the end-to-end organization, i.e. involving suppliers, suppliers of the suppliers, customers and customers of the customers.
INFORMATION SHARING AND COORDINATION MECHANISMS FOR MANAGING UNCERTAINTY IN SUPPLY CHAINS: A SIMULATION STUDY INTRODUCTION: Supply chain management has exponentially grown and evolved in the past decade and this evolution has been a hub for attraction and motivation for researchers and academicians. Supply chain practices followed in industries have a complex framework with umpteen number of activities in place. This ranges from logistics, inventory, purchases, procurement , production planning, demand forecasting and a lot more. There are more blocks to supply chain like selection of suppliers, service providers, vendor relationship, vendor and supplier performance matrices which complicates the process. These process are both inter and intra