Innovations And Development
Supply Chain Management
vaibhav kumar srivastav
TABLE OF CONTENTS
SI NO. TOPIC PAGE NO (1) Meaning and Introduction 1 (2) Tour of Developments in supply 2 Chain
(3) Innovations and Recent trends in 2 SCM
(4) Visited Companies:
SAMTAL COLOR LTD 13
BLUE DART 18
(5) Case Study on Innovations and 21
Development in SCM
We are very grateful to Prof. R.K.SINGAL, our Supply Chain Management Professor for giving us the guidance and help in grasping the theoretical concepts of the subject and helping us in applying them practically in the Real Life Project at Many companies of Delhi Ncr.
We are also indebted to manger who has guided us during company visit, for taking time out of his busy schedule, patiently answering our queries and helping us in understanding the supply chain management innovations and development followed at that particular company.
(1) What is supply chain?
Supply chain is a bridge between demand and supply.
What is supply chain management?
According to the Council of Supply Chain Management Professionals (CSCMP) “Supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management”.
Having achieved significant improvements in manufacturing, many firms are now focusing their attention on their supply chains. With increased globalization, supply chains for most products have become longer both on the input as well as the output sides. This, combined with the trend towards proliferation of products makes management of the supply chain a very challenging task. SO in order to produce quality products with less cost & supplying it at less time many innovations & development has been made in the management of manufacturing supply chains. In the management of product flows, the innovations include concepts such as modularisation, postponement, mass customisation and flexible automation, time-based logistics, and cross docking. In the management of information flows, the innovations include the use of information technologies and strategic partnerships to improve the transparency of information.
INNOVATION – is it relevant to SCM? :
There are some W&H questions that will prove that innovations are relevant to SCM:
WHY CHANGE IS REQUIRED?: Today Companies cannot grow through cost reduction and reengineering alone . . . Innovation is the key element in providing aggressive top-line growth, and for increasing bottom-line results.
WHAT ARE THE CHANGES REQUIRED? : Changes in...
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