Preview

The Advantages of the Supply Chain Management

Satisfactory Essays
Open Document
Open Document
390 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Advantages of the Supply Chain Management
Improved Supply Chain Network
Supply chain management software provides complete, 360-degree visibility across the entire supply chain network. It allows users to monitor the status of all activities across all suppliers, production plants, storage facilities, and distribution centers. This enables more effective tracking and management of all related processes, from the ordering and acquisition of raw materials, to manufacturing and shipping of finished goods to customers or retail outlets. The status of mission-critical activities can be tracked at all times, and potential inefficiencies or problems can be identified and corrected immediately, before they become unmanageable.
Minimized Delays
Many supply chains – particularly those that haven’t been enhanced with a supply chain application – are plagued by delays that can result in poor relationships and lost business. Late shipments from vendors, hold-ups on production lines, and logistical errors in distribution channels are all common issues that can negatively impact a company’s ability to satisfy customer demand for its products. With SCM software, all activities can be seamlessly coordinated and executed from start to finish, ensuring much higher levels of on-time delivery across the board.
Enhanced Collaboration
Imagine having the ability to know exactly what your suppliers and distributors are doing at all times – and vice versa.
SCM software makes that possible by bridging the gap between disparate business software systems at remote locations to dramatically improve collaboration among supply chain partners. With SCM software, all participants can dynamically share vital information – such as demand trend reports, forecasts, inventory levels, order statuses, and transportation plans – in real-time. This type of instantaneous, unhindered communication and data-sharing will help keep all key stakeholders informed, so that supply chain processes can run as smoothly as possible.
Reduced Costs
Supply

You May Also Find These Documents Helpful

  • Good Essays

    Supply Chain Management (SCM): Supply chain management is the active management of supply chain activities to maximise customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The U.S. Air Force supply chain for repairable commodities begins with the forecast, purchase, manufacture, and distribution of a part; continues with its delivery to a source of repair; and ends with the distribution of the now serviceable asset to retail accounts and maintenance customers in order to return weapon systems to mission capable status. In this environment, key supply chain information exists in multiple data systems. The different systems often present different results to different users. To obtain a complete picture of the status of end items, Air Force supply chain workers must access multiple data systems. Users must log onto each system individually and then navigate to locate the information desired. Often the resulting information is untimely, inconsistent, or inaccurate. As a result, workers are unable to perform their job effectively, which ultimately affects weapon system availability.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Supply Chain Management (SCM) encompasses all of the business processes involved in sourcing, making, and delivering goods. It also requires having an accurate and real-time view of supply and demand. Simply stated, SCM is a broad topic that is gaining importance in today's highly-fragmented, global, and dynamic business environment.…

    • 5219 Words
    • 24 Pages
    Good Essays
  • Good Essays

    Supply Chain Management

    • 3521 Words
    • 15 Pages

    In the past, companies focused primarily on manufacturing and quality improvements within their four walls; now their efforts extend beyond those walls to influence the entire supply chain including customers, customers’ customers, suppliers, and suppliers’ suppliers. Today’s supply chain is a complex web of suppliers, assemblers, logistic firms, sales/marketing channels, and other business partners linked primarily through information networks and contractual relationships. SCM systems enhance and manage the relationships.…

    • 3521 Words
    • 15 Pages
    Good Essays
  • Powerful Essays

    SCM401TRsp2015 1

    • 4526 Words
    • 18 Pages

    Fierce competition in today’s global markets, the introduction of short life cycle products, and the heightened customers expectations have forced the business enterprises to invest in, and focus attention on, their supply chains like never before. In industry after industry supply chains have been radically transformed over the last ten years. Initially the enablers for change were fast and cheap computer processing power along with standardized data communication. Recently the combination of enterprise information infrastructure and internet has paved the way for a variety of supply chain optimization technologies. In line with these developments, this course focuses on management and improvement of supply chain processes. The primary objectives of the course are:…

    • 4526 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    Riordan's Plan

    • 1371 Words
    • 6 Pages

    Supply Chain Management is about the delivery of a product to a customer in a timely manner regardless of its location of the globe. Providing the right component, the correct quantity ordered, and at the right price is what customers value the most. To enhance customer value and satisfaction a customer relationship integration team should exist and bring together each facility, its services, and its employees into the CRM process. Integrating the available information of an organization allows employees to have immediate access that may be crucial to a customer’s delivery. Customers value the open visibility of their supplier to track any material that has been shipped.…

    • 1371 Words
    • 6 Pages
    Best Essays
  • Better Essays

    No company can nowadays afford to function alone. Partnerships are increasingly getting important and the effective exchange of information can determine profit or loss. An important method to cope with the increasing complexity is called supply chain management (SCM). It is enterprise-wide planning, management and control of all logistics tasks in the value chain.…

    • 928 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Rfp Executive Summary

    • 858 Words
    • 4 Pages

    The purpose of this report was to find information about RFP in order to successfully implement Supply Chain Management software. The main source for all this information was the internet. Each of the RFP sources have an assortment of advantages and disadvantages. However, after analyzing each of them carefully, I came to the conclusion that the first and second option together would be the best choice to use since we are doing this for the first time. This decision would initially be costly but would reduce the expenses in the future. It would also be efficient because it would allow us to eliminate inferior vendors, which in turn would facilitate us in implementing the appropriate SCM software. Additionally, it would…

    • 858 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    SCM 5850 Final Paper

    • 5090 Words
    • 14 Pages

    SCM Globe is an interactive supply chain design and simulation tool that allows users to simulate supply chain operations. This paper will describe the various elements the team undertook to achieve the deliverables outlined in the course, involving: 30-days of successful operations, lowered transportation costs within the supply chain, lower operating costs across the supply chain, and the application of supply chain strategies that…

    • 5090 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Operations Management

    • 2215 Words
    • 9 Pages

    Supply chain management is the coordination of the processes and functions within a business, adopted by most companies in the UK in the late 1990’s. It deals with the internal and external factors that, when dealt with correctly and systematically, can determine a businesses success or failure. A supply chain is the network of activities that delivers a finished product service to the customer. By definition, supply chain management (SCM) is “the management of the flows of materials from suppliers to customers in order to reduce overall cost and increase responsiveness to the customers” (Reid & Sanders). SCM entails the co-ordination of the movement of good through the supply chain from suppliers to manufacturers to distributors to the final customer. The main aim of SCM is to maximise the efficiency of any given process being carried out by a company; by doing this it is allowing them to try to cut their costs and hopefully keep satisfying their customers’ needs, while at the same time maintaining their competitive position within their market. Supply chain management is seen as more of an “open system” in contrast to the traditional system used by the majority of companies just 20 years ago. The new “open system” allows room for change which is greatly needed with the current financial instability of the economy.…

    • 2215 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Cis109

    • 1180 Words
    • 5 Pages

    Supply chain management (SCM) is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain (Wailgum, 2012). Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. The concept of Supply Chain Management is based on two core ideas. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain. The second idea is that while supply chains have existed for a long time, most organizations have only paid attention to what was happening within their “four walls.” Few businesses understood, much less managed, the entire chain of activities that ultimately delivered products to the final customer. The result was disjointed and often ineffective supply chains (Handfield, n.d.).…

    • 1180 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    * A company’s competitive position and profitability can be improved through the use of Supply Chain Management System (SCMS) which if successfully implemented will lead to exemplary customer service. (Oz, 2009)…

    • 4332 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    The purpose of SCM software is to help companies coordinating the planning and operations with their partners in the industry supply chain, from supplier, to manufacturer, to distributor, to consumer. It helps with tasks such as warehouse and transportation management. It is part of the logistics of a business. It includes components that manage the demand planning by analyzing the customer buying patterns through series of proprietary algorithms customized for specific markets and develop also updated forecasts. The supply planning is the logistic side, replenishment of inventories, distribution logistics etc.…

    • 429 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Supply Chain Management Challenges Managing remote facilities scattered across the country Tracking product transfer via trucks, pipeline and marine Accessing different operation and business systems Generating operation reports in a timely manner Coordination between sending and receiving plants Responding quickly to customer complaints…

    • 601 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Nashwan

    • 2048 Words
    • 9 Pages

    The software evaluation report for Supply Chain Event Management provides extensive information about software capabilities or provided services. Covering everything in the Supply Chain Event Management comprehensive model, the report is invaluable toward RFI and business requirements research.…

    • 2048 Words
    • 9 Pages
    Satisfactory Essays