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.
The automobile industry consists of different manufacturing processes and systems .Thus a final assembled product consists of different components which undergo through different processes. Thus decisions made by a company related to its supply chain may affect the workers and also help other companies adopt the same model. Automobile industry players source their materials and components from various sources. Thus the issue of an effective and sustainable supply chain is becoming increasingly important. Thus there is an increasing risk of disrupting as the supply chain is being operated at a global scale.
Supply Chain Risks A supply chain is a global network used to deliver products and services from raw materials to end customers in an engineered flow of information, physical distribution and cash (Blackstone, 2008). Supply chains are networks of suppliers, companies, resources, activities and technology included in the creation, production and sale of products. Risk is the possibility of an unforeseeable event which can harm and undermine the establishment. Supply risk is the probability of an incident associated with inbound supply from individual supplier failures or the supply market occurring, in which its outcomes result in the inability of the purchasing firm to meet customers’ demands or cause threats to customer life and safety (Zsidisin,
Packaging and labeling of goods is most important process for each and every company. One of the major task of an exporter is to make sure that goods reach their buyers and their final consumers in perfect condition. The main objective of export packaging of goods is the key to get your export packaging and labeling right. Retail packaging plays a very important role in packaging and labeling of goods. Retail Packaging provides an overview that how to package your goods and tells you where to start your search for packaging suppliers.
6. Supply chain Strategy The supply chain is a sequence of global networks that includes processes of materials movement to production point and moving product away from production point to the customers. This means supply chain is used to deliver products and services from raw materials extraction to end customers through an engineered flow of information, physical distribution, and cash flows. There are three entities that connect the supply chain altogether. First, suppliers that provide goods and services like machinery and raw materials.
Aim To demonstrate how supply chain drivers are beneficial in achieving supply chain performance Instructional Objectives After completing this chapter, you should be able to: • List the drivers of a supply chain • Explain the role of each driver in achieving trade-off between customer service and cost Learning Outcomes At the end of this chapter, you are expected to: • Identify the various drivers of a supply chain • Demonstrate the importance of each driver in achieving trade-off between customer service and cost Driving Efficiency at General Motors de Mexico General Motors de Mexico (GMM) is a subsidiary of General Motors (GM) that works with more than 1,700 suppliers that produce approximately 13,000 parts a day. From railcars to chartered
Customer’s preference for automobile is vary from each city, each nation. Nowadays, it is such a diversity of vehicle on the global auto market now. Despite the globalization trend, in EU, Japan and North America markets, there are clearly distinctive preferences for automotive. The auto companies need to adjust their vehicles
According to Chow and Heaver (1999), a supply chain is “a group of manufacturers, suppliers, distributors, retailers and transportation, information and other logistics management service providers that are engaged in providing goods to consumers. A Supply Chain comprises both the external and internal associates for the corporate”. From the above definition, it can be seen that supply chain is about various players which are found both inside and outside a firm who come together to ensure satisfaction of
1. Introduction With the development of market economy as well as the shorter and shorter product life cycle, supply chain management is supposed to be more flexible to meet diversified demands of customers. However, increasing variables in supply chain management makes it more challenging to administer the market environment, product quality, quantity and information transferring. While supply chain flexibility is regarded as one of the most effective ways to deal with uncertainty. Therefore, building an open, dynamic and flexible supply chain, for retail chain enterprises, is a good way to reconfigure in accordance with customer demand and be outstand in the field.
Many of us usually associate the term ‘supply chain’ with manufacturing sector and products where supply and demand are quite evident. However, the concept of supply chain management applies to all the sectors including service sector. The concept of supply chain can be applied to any sector where many components are required to build a product/service for the end users. In Insurance industry also, the end product to the customer is delivered by the services provided by a number of suppliers. This is true in all cases, be it car insurance or medical insurance or any other service.