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Supply Chain Management

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Details: Canbide managers and directors came up with some topics that you are required to respond to for all to see, review, and comment on. The topics are the following:

Supply Chain Management (SCM) has been a popular buzzword since the mid 1990s, and has had many variations of definition by many experts. It's now buzzed over to Canbide and is the topic of debate at the weekly analysts' meeting. What is your definition of Supply Chain Management?

After gathering the needed data, you have sub-contracted with a transportation management company to actually perform the analysis. This company will provide an unbiased, numbers based, recommendation of whether or not to proceed with the project. Should Canbide proceed with the project based purely on the numbers, or are there other factors, which need to be considered?

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What is your definition of Supply Chain Management?

As per my definition, Supply Chain management essentially means managing the entire flow of goods, be it raw material, semi-finished products or final product, right from the procurement stage to the final delivery stage to the end customer. In fact, the process does not stop here. Now a days, SCM involves handling the returned goods as well. Therefore, in layman terms, SCM is concerned with ensuring smooth flow of raw materials throughout the organization with least inefficiencies, wastages, delays and minimal costs. SCM ensures that flow of materials and final products within the entire value chain in the organization provides significant competitive, operating and strategic advantage to the organization and is a critical factor in ensuring maximum possible customer satisfaction.

SCM has gained increased importance in ...

Solution Summary

Supply Chain Management (SCM) has been a popular buzzword since the mid 1990s, and has had many variations of definition by many experts. It's now buzzed over to Canbide and is the topic of debate at the weekly analysts' meeting. What is your definition of Supply Chain Management?

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In a 1000 words, explain what a supply chain is and discuss the importance of a company having a supply chain strategy. Identify at least four key drivers of any supply chain strategy and discuss why each is an important ingredient to a supply chain strategy. Cite an example of a company that has used its supply chain as a competitive advantage and explain how.

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