Purchase Solution

Supply Chain Management

Not what you're looking for?

Ask Custom Question

Task -

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?

***
There are various definitions available such as it being a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Thus supply chains exist in both service and manufacturing organizations. The complexity of the chain may vary greatly from industry to industry and firm to firm but is the same in overall concept. And it has three general components of:

1 - Demand Fulfillment-The objective of the demand fulfillment process is to provide fast, accurate, and reliable delivery-date responses to customer orders. Demand Fulfillment is mainly an execution-level sub-process that includes order capturing, customer verification, order promising, backlogs management, and order fulfillment.

2 Demand Planning-The objective of the demand planning process is to understand customers' buying patterns and develop aggregate, collaborative forecasts. Demand planning is by definition a planning process, which feeds into the supply planning process, and subsequently the demand fulfillment process. Demand planning involve long-term, intermediate-term and short-term time horizons.

3 Supply Planning-The objective of the Supply Planning process is to optimally position enterprise resources to meet demand. This is a planning-level sub-process that spans the strategic and tactical supply-planning processes. Long-term planning, inventory planning, distribution planning, collaborative procurement, transportation planning and supply allocation are all part of this sub-process

Lastly there are major challenges:

Making products or services available in a cost-effective manner with the desired quality.

Making sure information is available easily to run the supply chain

However, your insight/perspective I find educational/inspiring thus I am forwarding this question to you for your perspective on the task if you have time and availability.

Thank you

Attachments
Purchase this Solution
Solution Summary

Supply Chain Management

Solution Preview

In a layman term, supply chain management engulfs all those activities which starts from procurement of raw materials and basic inputs and then extends into production of intermediate and finished products and services as well as distribution and after sales activities/services of these products and services. Therefore, all those activities in an organization which are geared towards making the whole process of procurement, manufacturing and distribution efficient and smoother can be bundled into supply chain management activities.

Even though Supply Chain management seems to be most concerned with issues like inventory management, it incorporates many more functions in it and extends its influence on other important issues such as purchase function, distribution function, after sales service, etc. Therefore, rather than acting as a stand alone function only concerned with inventory management, it encompasses all the related functions at the operational level which ensure that the whole process, from procurement to delivery and after sales service, is completed in a smooth, cost effective and efficient manner with utmost customer satisfaction.

In today's dynamic, fast changing and customer satisfaction focused organizations, Supply Chain Management has emerged as one of the most important activities in an organization and has managed to carve out a niche for itself in the strategic planning ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

View More Free Quizzes
Related BrainMass Solutions

  • Supply Chain Relationship

    606707 Supply Chain Relationship What is the general relationship that supply chain management has to any type of business operations and what do you feel could be some of the concerns with supply chain management when managing global business operations

  • Sustainable supply chain management

    on future directions for global supply chain management over the next several years.

  • Lean Supply Chain Management

    633285 Lean Supply Chain Management What is lean supply chain management? How does that figure into the future of supply chain management?

  • Logistics in the Business Organization

    Sell Supply Chain Management Upward Answer 1 Supply Chain Management Issues Supply chain management process is an important process for an organization.

  • The Organization's Supply Chain and Its Financial Chain

    The Supply chain 3. What do we mean by "supply chain management" and is this concept relevant to the financial supply chain? What is the set of relationships here? How do the relationships impact ERP design, implementation and management?

  • Benefits of supply chain management

    477881 Benefits of supply chain management Discuss the benefits of supply chain management. How does the implementation of supply chain management result in enhanced customer value?

  • Interfacing with Supply Chain

    Several processes in supply chain management become possible with the utilization of Internet in supply chain management.

  • supply chain management

    335110 Factors that contribute to the successful implementation of supply chain management What are the salient factors that contribute to the successful implementation of a supply chain management initiative?

  • Wal-Mart strategic supply chain model Problem

    Before writing about supply chain model, it is good for us to know about supply chain management.

  • E-Commerce

    of 'Supply Chain Management' more crease free. // Role of E- Business in Global Supply Chain Past hiccups in supply chain management like high transactional cost, poor availability of information, management of interface between functional organizations

View More Related Solutions