Supply Chain Management
TABLE OF CONTENTS
INTRODUCTION……………………………………………………………………………..3
WHAT IS SUPPLY CHAIN MANAGEMENT……………………………………………….4 Three flows of supply chain management………………...……………………………4
FIVE COMPONENTS OF SUPPLY CHAIN MANAGEMENT……………………………..5
VALUE CREATION THROUGH SUPPLY CHAIN MANAGEMENT……………………..6 Three sources of data integration…………………………………………………….....7
SUPPLY CHAIN MANAGEMENT SOFTWARE CATEGORIES……………………….….8
TYPES OF SUPPLY CHAIN MANAGEMENT SOFTWARE………………………….……8
RFID TECHNOLGY…………………………………………………………………………..9 Components of RFID………………………………………………………………......9
AN IMPORTANT QUESTION TO ASK BEFORE INSTALLING A SUPPLY CHAIN
MANAGEMENT SYTEM……………………………….…………………………………...10
POTENTIAL PROBLEMS ASSOCIATED WITH IMPLEMENTING A SUPPLY
CHAIN MANAGEMENT SYSTEM……………………………………………………...….11
SOLLUTIONS OFFERED BY SUPPLY CHAIN MANAGEMENT………………………..12
SUPPLY CHAIN ALLIGNMENT……………………………………………………………12
ALIGNING SUPPLY CHAIN STRATEGIES WITH PRODUCT UNCERTAINTY……….13 Matched Strategies……………………………………………………………………..14
THE TRIPLE-A SUPPLY CHAIN……………………………………………………………14 Building the Triple-A Supply Chain…………………………………………………...15
STRATEGIC ALLIANCE THAT DELIVERS SUPPLY CHAIN AGILITY………………..16
SUMMARY……………………………………………………………………………………17
REFERENCES………………………………………………………………………………...18
Introduction Supply chain management is a topic that has been widely studied; more so since the 1980’s when companies realized that they needed to create competitive advantage, create value and stay ahead of the competition. In using and utilizing supply chain management not only were companies able to sustain competitive advantage by being responsive to customers’ needs, they also streamlined their processes, and were able to drastically cut cost and increase efficiency in areas such as collaboration using just-in–time systems to deliver products when they are needed instead of holding inventory on hand, and paying the cost of doing so. Although the just-in-time system of inventory management
INTRODUCTION……………………………………………………………………………..3
WHAT IS SUPPLY CHAIN MANAGEMENT……………………………………………….4 Three flows of supply chain management………………...……………………………4
FIVE COMPONENTS OF SUPPLY CHAIN MANAGEMENT……………………………..5
VALUE CREATION THROUGH SUPPLY CHAIN MANAGEMENT……………………..6 Three sources of data integration…………………………………………………….....7
SUPPLY CHAIN MANAGEMENT SOFTWARE CATEGORIES……………………….….8
TYPES OF SUPPLY CHAIN MANAGEMENT SOFTWARE………………………….……8
RFID TECHNOLGY…………………………………………………………………………..9 Components of RFID………………………………………………………………......9
AN IMPORTANT QUESTION TO ASK BEFORE INSTALLING A SUPPLY CHAIN
MANAGEMENT SYTEM……………………………….…………………………………...10
POTENTIAL PROBLEMS ASSOCIATED WITH IMPLEMENTING A SUPPLY
CHAIN MANAGEMENT SYSTEM……………………………………………………...….11
SOLLUTIONS OFFERED BY SUPPLY CHAIN MANAGEMENT………………………..12
SUPPLY CHAIN ALLIGNMENT……………………………………………………………12
ALIGNING SUPPLY CHAIN STRATEGIES WITH PRODUCT UNCERTAINTY……….13 Matched Strategies……………………………………………………………………..14
THE TRIPLE-A SUPPLY CHAIN……………………………………………………………14 Building the Triple-A Supply Chain…………………………………………………...15
STRATEGIC ALLIANCE THAT DELIVERS SUPPLY CHAIN AGILITY………………..16
SUMMARY……………………………………………………………………………………17
REFERENCES………………………………………………………………………………...18
Introduction Supply chain management is a topic that has been widely studied; more so since the 1980’s when companies realized that they needed to create competitive advantage, create value and stay ahead of the competition. In using and utilizing supply chain management not only were companies able to sustain competitive advantage by being responsive to customers’ needs, they also streamlined their processes, and were able to drastically cut cost and increase efficiency in areas such as collaboration using just-in–time systems to deliver products when they are needed instead of holding inventory on hand, and paying the cost of doing so. Although the just-in-time system of inventory management
References: (Anonymous, 2008). Strategy: Framing supply chain complexity. Supply Chain Standard. Retrieved June 10, 2008, from PROQUEST Complete database 1491708931). Gattorna, John L. (1998). Strategic Supply Chain Alignment: Best Practice in Supply Chain Management George, Jennifer M. & Jones, Gareth R. (2008). Contemporary Management (5th ed.). New York: McGraw-Hill. Lee L. Hau. (2002). Aligning Supply chain Strategies with product Uncertainties. California Management Review, Vol Lee L. Hau. (2004). The Triple-A Supply Chain. Harvard Business Review. Retrieved May 29, 2008, from http://images.ed4.net/images/htdocs/hbsp/050117/ AAA_SupplyChain.pdf McGeoch, Jonathan. (2005). The Impact of RFID Technology on the Supply Chain Management. Unpublished Thesis proposal Sabyasachi Mitra, Vinod Singhal Vost, van der Jack G.A.J. (2004) Supply Chain Management: theory and practices. Retrieved May 29, 2008, from http://www.orl.wur.nl/NR/rdonlyres/FD1FCC16-C84B-4C93- 9211-BE419B6563B0/26752/SupplyChainManagementbijdrageJackvanderVorstv10.pdf Worthen, Ben Supply Chain Management (SCM). Retrieved May 29, 2008, from http://www.cio.com/article/40940/ABC_An_Introduction_to_Supply_Chain_Managemen t/5