------------------------------------------------- Supply chain management Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland‚ 1996).[1] 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 (supply chain). Another definition is provided by the APICS Dictionary
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Green and lean supply chain 1. Introduction Firms in the twenty-first century are grappling with a constantly changing world. Three supply chain trends in particular are converging to create an increasingly complex business environment: a move towards green initiatives‚ the utilization of lean processes‚ and globalization. The globalization of supply chains involves dimensions such as offshoring of production‚ inventories‚ suppliers and customers‚ and differences in economies‚ infrastructures
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Kalra (2010 p. 2) “A supply chain consists of all parties involved‚ directly or indirectly‚ in fulfilling a customers request”. The parties extend from the suppliers of your suppliers to the customers of your customers at every stage of the supply chain (Supply Chain Management‚ UoL‚ Lecture note week 1). The successful management of the value adding activities of these parties to satisfy the customer’s demand and‚ make profit while at it‚ is the sole objective of supply chain management (Chopra
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2.3. Components of Supply Chain Supply chain management consists of four typical components. Close Partnerships For a supply chain to function‚ chain members must treated each other equally. Members tend to form strong partnerships in order to maximize production. Partnerships usually extend to an agreement between two firms‚ but in supply chain managements‚ multiple firms agree to partnerships. These partners "manage the total flow of goods from the supplier[s] to the ultimate
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WAREHOUSING IN SUPPLY CHAIN Introduction Warehousing is one of the most important and critical logistic activities in industrial and service systems. A few production philosophies‚ e.g. just in time (JIT) and lean manufacturing‚ propose and support the so-called ‘‘zero stock’’ as basic and strategic pillar. Also manufacturing requirement planning (MRP)‚ the well known and widely adopted ‘‘push-’’ based fullfilment technique‚ theoretically guarantees no storage quantities when the ‘‘lot
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smi8239X_ch01_001-026.qxd 2/27/07 11:22 PM Page 1 CHAPTER 1 Introduction to Supply Chain Management 1.1 WHAT IS SUPPLY CHAIN MANAGEMENT? Fierce competition in today’s global markets‚ the introduction of products with shorter life cycles‚ and the heightened expectations of customers have forced business enterprises to invest in‚ and focus attention on‚ their supply chains. This‚ together with continuing advances in communications and transportation technologies (e.g.‚ mobile communication‚
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Supply chain behaviour A fundamental question in supply chain management is: ‘How should supply chains be managed when operations compete in different ways in different markets?’ One answer‚ proposed by Professor Marshall Fisher of Wharton Business School‚ is to organize the supply chains serving those individual markets in different ways. He points out that many companies have seemingly similar products which‚ in fact‚ compete in different ways. Shoe manufacturers may produce classics which change
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Introduction Supply chain management‚ which involves inventory management‚ cost reduction‚ transportation‚ configure the distribution network‚ strategies development for product distribution‚ aims to improve the efficient and effective in the production activities. With better improvement in managing the current resources to operate profitability‚ and to minimize the inventory costs and reach the demands from market. Through the upstream and downstream linkages‚ different products and service which
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Supply chain Supply chain is the process under which products are created and deliver to customers. it refers to complex network of relationship that organization maintains with its trading partners to source manufacture and deliver products. E-SCM refers in particulars in management of supply chain using internet technologies-SCM facilitate the removal of purchase orders‚ deliver confirmation bills of material and invoice. The switch over/switch away from paper can also speed up the response and
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of Zara Company supply chain management system. It divides the supply chain process into three distinct phases. It shows how the company has managed to embrace technology to deliver its products to customers in real time. The paper also contains a comparison between Zara and its main global competitor in the market. The paper concludes by outlining some of the challenges the company is facing as it expands into the Middle East and other regions in the world. Zara Supply Chain Management Introduction
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