Benefits Of A Supply Chain Management Essay - 1697 Words

A supply chain management may be defined as the process involving all the activities like planning, organising, implementing and controlling the cost effective flow of goods from the point of origin to the point of consumption. This involves various other activities which is required to add value to the product along the supply chain like procurement, sourcing and conversion of the products. There are a lot of players involved like the suppliers, manufacturers distributors etc. They have to have a lot of coordination and collaboration among them to in order to be really efficient and deliver good quality products and services. The whole process is integrated to meet the supply and demand. The supply chain networks have drastically changed over the years in the era of globalization. They are very global in nature involving various complex interactions and flow of goods, data and funds between companies which are situated in different countries and continents. Even though the companies are spread across the world the manufacturing plants generally follow a similar structure which normally comprises of the suppliers, assembly plants, distributors, retailers, inbound and outbound logistics providers. There were a lot of challenges which arose because of the competition which made the companies to rethink their strategies in order to get the product to the right place at the right time at the lowest cost possible of the best quality, so choosing the right supplier is alwaysShow MoreRelatedBenefits Of Supply Chain Management1677 Words   |  7 Pageswhich allow companies to capture their customers’ voice. Supply chain stages hear the voice from the customers and react to them appropriately using flexible automated warehousing, and rapid logistics through the electronic data interchange. New concepts like lean manufacturing; agile manufacturing among others in partnership with the new technology has been used to improve performance(Ben Naylor, Naim and Berry). Performance of many supply chains has been worse due to quite a number of reasons likeRead MoreBenefits of Outsourcing in Supply Chain Management3495 Words   |  14 PagesBENEFITS OF OUTSOURCING IN SUPPLY CHAIN MANAGEMENT written by: Lauren Mercer MKTG 3130 – Final Term Paper TABLE OF CONTENTS I. Supply Chain Management and Outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 II. What is Outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 III. Important Processes Related to Outsourcing..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 IV. Advantages of Outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 V. Disadvantages of Outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 9 VI. Current Changes in Outsourcing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 11 VII. OutsourcingRead MoreBenefits Of Outsourcing Supply Chain Management942 Words   |  4 Pagesdefeat the company’s purpose of saving money (The Risks and Benefits of Outsourcing Supply Chain Management). Another major issue could be the lack of experience on behalf of the organization hired. The vendor may have never been involved in the industry their hiring business is in. Therefore, a lack of quality of the products/services the business provides will undoubtedly be present. (The Risks and Benefits of Outsourcing Supply Chain Management)When the quality of any business is bad, that means aRead MoreEssay on Benefits of RFID in Supply Chain Management2577 Words   |  11 PagesOverview of Automatic Identification techniques used in SCM Automatic identification is a technique which is used as an identification method for keeping appropriate stock units in the supply chain management, uses technologies such as RFID, barcodes etc. (Automatic Identification and Its Role in Warehouse Management, 2013). Automatic identification is a process of automatically recognizing the items, gathering the information about them, and entering that information right into computers without humanRead MoreThe Risk And Benefits Of Outsourcing Supply Chain And Risk Management Essay961 Words   |  4 Pages The Risk and Benefits of Outsourcing Supply Chain and Risk Management. How Boeing 787 Supply Chain Issues Affected Other Industries? Debates between business professionals regarding risk and benefits of outsourcing is becoming increasingly heated with particular focus on risks as unanticipated costs, potential for setbacks, integration difficulties, quality or benefits as minimize overall cost, focus on other business area, meet customer demand and flexibility. However, being prepared, doneRead MoreJB Hi-Fi Case Study: The Benefits of E-Commerce Powered Supply Chain Management System the Use of a Direct Import Model1382 Words   |  6 Pagestechnology (The Intelligent Investor,2012).The company was established back in 1974 by John Barbuto in the Melbourne surban of Keilor East. He then sold the company sometime in 1983 to David Rodd and Richard Bouris who then proceeded to expand into a chain of 10 stores in Sydney and Melbourne with an annual turnover of $150 million by the year, 2000 when the company sold a majority of its shareholding to a private equity. The company was then listed in the Australian Stock Exc hange in 2003.InitiallyRead MoreSupply Chain Management : Introduction913 Words   |  4 PagesSupply Chain Management Introduction to Concept Supply Chain Management seeks to guarantee that â€Å"merchandise is produced and distributed at the right quantities, to the right locations, and at the right time. . .† (Stock, Boyer, Harmon, 2010). It is the management of a company’s supply chain by coordination and integration of the multitude of supply chain partners that a company interacts with. Initially, the concept focused on how to make a relationship between supplier and purchaser more efficientRead MoreThe Green Supply Chain Management1533 Words   |  7 Pagesfriendliness, also known as sustainable supply chain or green supply chain is now trending in various organisations involved in supply chain business. The green supply chain management is the process of combination of environment protection and day to day supply chain management, including its different parts like material sourcing, designing of product, selection of material, manufacturing process and delivery of the final item to the customers. G reen supply chain management relates to manufacturing wideRead MoreBus 430 Assignment 2: Inventory Management1369 Words   |  6 PagesBUS 430 Assignment 2: Inventory Management http://homeworkfy.com/downloads/bus-430-assignment-2-inventory-management/ BUS 430 Assignment 2: Inventory Management Assignment 2: Inventory Management Due Week 8 and worth 300 points Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six to eight (6-8) page paper in which you: 1. Determine the types of inventories these companies currently manage and describe their essentialRead MoreSupply Chains and Inventory Management Essay1155 Words   |  5 PagesSupply Chain and Inventory Management December 6, 2008 Supply Chain and Inventory Management With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is no longer just the responsibility of the warehouse manager and logistics director (Pundir, 2008 and Wharton). In the past, many organizations didn’t manage their supply chains they left that