An Introduction To Supply Chain Management Commerce Essay

6951 words - 28 pages

An Introduction To Supply Chain Management Commerce Essay
The term supply chain management was first coined by a U.S. industry consultant in the early 1980s. However, the concept of a supply chain in management was of great importance long before, in the early 20th century.

Supply chain management is the word coined for the effective management of all the partners and the information disseminated between them. Take an example of Dell computers, Micheal Dell cant built his business just by selling the computers to the customers, but he need to see the complex problems of the customers and solve these problems through just in time manufacturing of the product, then how to minimize the ...view middle of the document...

, 2009), Specialization Phases One and Two, and SCM 2.0.

2.2.1 Definition of supply chain management

There are many definitions formed for supply chain management as there are many different perspectives for the understanding of the concept from supply chain management, a global perspective says that in SCM the managers do the integration of the key business process across their supply partners, to enhance customer value and satisfaction among all the stakeholders (Lambert, 2008).

Supply chain management was a quickly emerging, if still problematic, element of business-to-business e-commerce in the late 1990s and early 2000s. (Enclyclopedia of e-commerce 2009)

For the better understanding of the supply chain management, one needs to understand the term management. Management is defined as the planning, control the goal oriented activities and the execution of the plan to achieve the goal. The figure (1) will explain the whole process of the management. And as it have been that these days supply chain is become complicated so a proper management is required.

Figure 1. Management role in supply chain

Source: NEVEM-workgroup (1999)

Today's supply chains are too complicated to be controlled based on intuition. It is necessary to have access to statistical data on the performance of the supply chain.

Supply chain management (SCM) is actually the management of equipments, finances, information and manpower resources by ensuring the two way flow among the different organizations and in the organization itself. Through the effective management of these resources actually they are ensuring that the goods or service delivering efficiently and effectively to the end customers. So in supply chain management the important most factors Synchronized movement of the logistic from the supplier to the manufacturer, then the wholesaler and retailer, until the product reach to the end customer (TSENG, 2001). Through synchronized movement we mean that when the product reach to the distributer and when distributed to the retailer of for the sale, as if there is any delay in the delivery of the products then actually through the efficiency of the supply chain the customer get the product late and may b the product itself is not remain good.

For the service sector like the retail industry, customers are the main focus. So a customer focused definition of supply chain management by Hines (2004:p76) supply chain management is formed by the total system linkage in the chain that work together efficiently, it also requires the linkage between the whole supply chain, to create customer satisfaction as in the whole process the main target is not only to generate sales but also to deliver the value to the customer. And through the same if the cost of the manufacturing and delivering is lowered then this what actually generating the profits for the company, this all will be done through the effective management of the supply chain. Thus it is...

Other Papers Like An Introduction To Supply Chain Management Commerce Essay

Supply Chain Management Essay

1065 words - 5 pages Supply chain management is the vital business function that coordinates all of the network links. Supply-chain management is the management of the activities that procure raw materials, transform them into intermediate goods and final products, and deliver the products to customers through a distribution system these activities are the components of a supply chain. The supply chain function’s role is to help identify the products and services

Supply Chain Management Essay

2674 words - 11 pages products. As with any company, Walmart has faced many challenges within its supply chain and continues to execute strategies to overcome such challenges. In the 21st century, Walmart can achieve sustainability and rise above its competitors by building on prior successes and developing new and innovative ways to manage its supply chain. Background A supply chain can be defined as an organized system made up of people, organizations, activities

Toyota Supply Chain Management

1575 words - 7 pages SUPPLY CHAIN MANAGEMENT To begin I should define a core competency as this is related with the Supply Chain in my review, so first, what is a core competency? According to Fitzsimmons (2012), core competency is something that the company does so well that it provides the company a competitive advantage. Core competency gives the company hard-to-imitate advantage. One of the Toyota's core competencies is their production system which is known

Ikea Supply Chain Management

392 words - 2 pages An important aspect to IKEA’s supply chain is the approach used when pricing their products. In normal practice, a company designs their product and then prices it according to the cost of production and their competitor’s markup. IKEA have a different approach, they first ascertain a target price and then design the product. Designers at IKEA must accommodate all costs such as raw materials, manufacturing and transportation until the product

Supply Chain Management

1459 words - 6 pages 4 E a r l y Su p p l i e r I n t e g r a t i o n i n t h e De s i g n o f t h e Skid-Steer Loader1 “Congratulations, Scott. You are the new supply management manager of our new Deere & Company Commercial Worksite Products manufacturing facility in Knoxville, Tennessee. As you know, we really need your help to make this new facility fully operational in 24 months. I am sure you realize that a critical responsibility of your new job is to

Supply Chain Management - 939 words

939 words - 4 pages multicultural team? Adapting personal management style for very diversified background and cultural differences. 5. Give me an overview of who you are/your experience? 6. What's your greatest strength? Building rapport and impact (sphinx) commitment, enthusiasm (training is my passion not profession) 7. What's your greatest weakness? I was perfectionist, idealist and tried to be jack of all trades, which I’m working on

Barilla - Supply Chain Inventory Management

467 words - 2 pages Barilla - Supply Chain Inventory Management Barilla TABLE OF CONTENTS EXECUTIVE SUMMARY 3 ISSUES IDENTIFICATION 3 ENVIRONMENTAL AND ROOT CAUSE ANALYSIS 3 ALTERNATIVES AND/OR OPTIONS 3 RECOMMENDATION AND IMPLEMENTATION: 3-4 Executive Summary: In an attempt to control inventory swings, reduce costs, and improve sales we have introduced the JITD

Supply Chain Management And Fair Trade

8072 words - 33 pages Supply Chain Management and Fair Trade Executive Summary Resources are scarce and overstretched as a result of the fiercely competitive global environment which is as a result of globalisation, population increment and development of new technologies. On the basis of food food supply chain’s dependency on these scarce resources, sustainability of food has to be adopted through various approaches – the conventional approach (freetraide food

An Introduction To Managerial Styles

957 words - 4 pages Camelot College Programme : CMI Management and Leadership Unit Title : An introduction to managerial styles Unit Number : 4001 Unit Level : Level 5 Module Tutor : GOWHER MALIK Learner’s name and statement of authenticity: Learner’s Name: TALHA AZAM Learner’s ID: Date handed-in: I certify that the work submitted for this assignment is my own. Where the work of

Implementation Of Supply Chain Management For Adoption And Integration Of Centralized Communication In Railway Industry In Sydney, Australia

2599 words - 11 pages Implementation of Supply chain Management for adoption and integration of centralized communication in railway industry in Sydney, Australia Prepared by 9-5-014 Introduction The Australian Transport and Logistics (T&l) industry is the soul of our country's financial well‐being, creating 14.5% of Australia's GDP and giving more than 1 million employments over 165,000 companies1. Without it our blossoming assets trades, our rural yield

How To Write An Essay

302 words - 2 pages Scoring Explanation Ideas and Analysis = 1 The absence of a thesis (an idea that the argument as a whole works to explore/explain/support) has a significant impact on the quality of this response. Without one, the writer’s intentions are difficult to discern. While the writer does generate a few ideas, he does not do so in service of an argumentative purpose. For example, the notion that people’s jobs are lost as a result of new technologies

Related Essays

Introduction To Supply Chain Management Essay

1362 words - 6 pages Reflection on Handfield and Nichols In the text Introduction to Supply Chain Management Robert Handfield and Ernest Nichols Jr. focused on a range of topic surrounding and encompassing the understanding of supply chain management. In relation to supply chain management, the authors placed a huge emphasis on explaining the changes in supply chain management over time; more specifically its improvements. As identified in the reading, the cause

Amul's Introduction In Supply Chain Management

1040 words - 5 pages . Supply Chain Management of Amul: AMUL is a dairy Cooperative in Gujarat, India that is known for its unique ideas to turn into the world's biggest milk maker. The unique feature of this ideal model includes dealing with an extensive decentralized system of suppliers and makers, synchronous improvement of businesses and suppliers, incline and proficient supply chain, and achievement leadership. Every day Amul gathers milk, changes over the

Supply Chain Management Essay 263 Words

263 words - 2 pages importance of effective supply chain management for an organisation | 4% | Individual writing assessment | 40 | | | | Total Marks | 40 | | Task 2 - Learning Outcome 1 | % | Assessment Criteria | Marks | Your Marks | Covering assessment criteria: 1.2. Assess and compare advantages of supply chain models for an organisation. 1.3. Assess the link between supply chain management and business functions in an organisation 1.4. Evaluate the key

Supply Chain Management Essay 4341 Words

4341 words - 18 pages addition, it can be argued that supply chain management aims at ensuring efficiency across the entire chain. According to Levi, Kaminsky & Simchi (2004), supply chain management is usually a difficult undertaking for any organization since it is often hard for an organization to design and manage supply chains from one location since various aspects of the supply chain are conducted in different locations. In addition, Levi, Kaminsky & Simchi