Supply Chain Management

Powerful Essays
Table of Contents

Introduction 2
Supply Chain Strategy 2

The process of SCM 4

Benefits of SCM Strategy 5

Benefits of IT supported SCM 6

How to develop a SCM strategy 6

IT and Process Design 7

How to choose the most suitable IT support (SCM software) 11

References 17

Introduction:
Today, transforming raw materials into finished goods in a cost-effective way, while providing dependable delivery of those goods day after day, requires a clear understanding of supply chain. It also requires having control of a realistic plan and the ability to implement it.
Supply chain management is a relatively new field of study. Due to supply chain integration, logistic professionals are now occupying more influential positions on the organization charts of their respective companies. IT supported solutions will be the future trend for supply chain management.
Senior executives at leading companies view supply chains as critical drivers of shareholder value and competitive differentiation. Confirming that perspective, the research shows a strong connection between high-performance supply chains and financial success.
Leading companies incorporate supply chains into their business strategies and devote significant attention to designing integrated operating models. For example, Nokia's frequent and a very flexible and efficient global supply chain supports rapid product market innovations, which are major contributors to fast revenue and profit growth. In effect, Nokia has altered the playing field with rapid-response manufacturing, quick-ship logistics and a global supply web that links Nokia suppliers and plants; the company also supports vendor-managed inventory and collaborative planning.
Another example is Zara, a Spanish clothing manufacturer and retailer. The company's supply chain strategy: dictate industry standards for time to market, costs, order-fulfillment and customer

You May Also Find These Documents Helpful

  • Powerful Essays

    Supply Chain Management

    • 12190 Words
    • 49 Pages

    SUPPLY CHAIN UPPLY HAIN MANAGEMENT ANAGEMENT Report produced for the EC funded project INNOREGIO: dissemination of innovation and knowledge management techniques Sotiris Zigiaris, MSc, BPR engineer by BPR HELLAS SA J A N U A R Y 2 0 0 0 SUPPLY CHAIN MANAGEMENT 1 Contents 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 1.2 Description What is the Supply Chain Management (SCM) What is the importance of Supply Chain Management Supply Chain Management Today Supply Chain Management Tomorrow…

    • 12190 Words
    • 49 Pages
    Powerful Essays
  • Powerful Essays

    Supply Chain Management

    • 1783 Words
    • 8 Pages

    for the management of material, facility, data and capital flows. It includes the increasingly complicated information, communication and control systems required in today's business environment SUPPLY CHAIN MANAGEMENT: A supply chain is the process of moving goods from the customer order through the raw materials stage. All organizations have supply chains of varying degrees, depending upon the size of the organization and the type of product manufactured. These networks obtain supplies and components…

    • 1783 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Supply Chain Management

    • 980 Words
    • 4 Pages

    QUESTION 1 a. Define what is meant by Supply Chain Management b. Describe the five basic elements of supply chain a. Definition of Supply Chain Management Supply Chain Management refers to the management of the network of interconnected businesses involved of product and service packages required by the end customers in a supply chain. Another definition also defines that supply chain as the flow and management of resources across the enterprise for the purpose of maintaining the business…

    • 980 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Supply Chain Management

    • 2070 Words
    • 9 Pages

    SUPPLY CHAIN MANAGEMENT Introduction According to Thomas Friedman in The World is Flat, supply chain management has become a source of competitive advantage and profit in a flat world. He has quoted Wal-Mart’s ability of moving 2.3 billion general merchandise cartons a year down its supply chain into its stores as an example of creating value. Global supply chains that draw parts and producers from every corner of the world, from the best producers at the lowest price, are the way how to beat…

    • 2070 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Supply Chain Management

    • 12201 Words
    • 49 Pages

    PAPER On IDENTIFYING THE MAJOR CHALLENGES OF SUPPLY CHAIN MANAGEMENT OF SUPERSTORE FOR SINHA LTD Prepared For Ms. Rabeya Rahman Lecturer Department of Management Studies Jagannath University Dhaka. Prepared By MUHAMMAD ZAHID HOSSAIN SHIKDER Roll No # 085587 Section: B Department of Management Studies Academic Session: 2007-2008 MBA Program…

    • 12201 Words
    • 49 Pages
    Better Essays
  • Good Essays

    Supply Chain Management

    • 490 Words
    • 2 Pages

    of Supply Chain Management? Supply Chain Management (SCM) is an essential element to operational efficiency. SCM can be applied to customer satisfaction and company success, as well as within societal settings, including medical missions; disaster relief operations and other kinds of emergencies; cultural evolution; and it can help improve quality of life. Because of the vital role SCM plays within organizations, employers seek employees with an abundance of SCM skills and knowledge. Supply chain…

    • 490 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Supply Chain Management

    • 9703 Words
    • 39 Pages

    supply chain management INDEX (Page no.) 1. Introduction to supply chain management (1-6) I. Concept of SCM II. Definition of SCM III. Components of SCM IV. Issues in SCM 2. Supply chain decisions…

    • 9703 Words
    • 39 Pages
    Good Essays
  • Powerful Essays

    Supply Chain Management

    • 5532 Words
    • 23 Pages

    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……………………………………………………………………………

    • 5532 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Supply Chain Management

    • 4764 Words
    • 20 Pages

    Post Module Assignment Supply chain management By Lv zheng 1 Post Module Assignment menu Supply chain management ......................................................................................................... 1 Q1. There are many potential barriers to effective supply chain management and a number of strategies which we can employ to overcome them. ......................................... 3 Introduction ..............................................................…

    • 4764 Words
    • 20 Pages
    Powerful Essays
  • Better Essays

    Supply Chain Management

    • 1098 Words
    • 5 Pages

    Supply Chain Supply change management is the control of resources, information, and capital. How an organization synchronizes and incorporates flow within and amongst other companies can be effective. In this text I will be discussing the supply change management systems in place at Intel Corporation. Intel Corporation continues to make great effort to improve their supply chain networks to make them more reactive to meet a certain standard level of standards. Intel Corporation utilizes…

    • 1098 Words
    • 5 Pages
    Better Essays