Preview

Operations

Powerful Essays
Open Document
Open Document
3835 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Operations
International Journal of Business and Social Science

Vol. 2 No. 17

www.ijbssnet.com

A STUDY OF SUPPLY CHAIN MANAGEMENT PRACTICES: AN EMPIRICAL INVESTIGATION ON CONSUMER GOODS INDUSTRY IN MALAYSIA. Dr.Inda Sukati Prof. Dr. Abu Bakar Abdul Hamid Assoc. Prof. Dr. Rohaizat Baharun Dr. Huam Hon Tat Faculty of Management and Human Resource Development Universiti Teknologi Malaysia E-mail: indasukati@utm.my Fazila Said Malaysia Nuclear Agency Malaysia
ABSTRACT

The purpose of this research is to present the relationship between supply chain management (SCM) practices and supply chain responsiveness (SCR), and investigates its relationship with competitive advantage (CA). The data collection instrument used was a questionnaire which was administrated to a total sample of 200 managers. The response rate was 70% while 60% was usable questionnaires. Sample selection was based on convenience sampling. The analyses involved statistical methods such as reliability and validity tests and multiple regressions. The results indicated that SCM practices are related to SCR. The result also suggested that SCR is related to CA.

1. Introduction
In today’s competitive business there is an increased focus on delivering value to the customer. The focus on attention of most of businesses is providing products and services that are more valuable compared to its competitors. Concurrent to the focus on customer value, the marketplace in which businesses operate today is widely recognized as being complex and turbulent (Christopher, 2000; Goldman et al., 1995). The growth of supply chain aims to improve profitability, customer response and ability to deliver value to the customers and also to improve the interconnection and interdependence among firms. Due to market expanding from domestic market to global market increase customer demands, for instance demanding lower prices, faster delivery, higher quality products or services and increase the variety of items (Braunscheidel,

You May Also Find These Documents Helpful

  • Good Essays

    Res 320

    • 926 Words
    • 3 Pages

    In today’s global market that is changing rapidly companies need to keep up with demand and market strategies to stay competitive. Businesses need to develop a process that allows them to operate at lower costs, and develop its own identity to distinguish it from other competitors. Supply Chain Management (SCM) has become an intricate part of the company operations allowing them to rethink how to reorganize their operation so they can focus on the core competencies of the company. SCM focus is to improve the way a company uses its resources such as raw materials and how it is delivered to its customers. Any product offered by a company, there are normally a number of business partners involved in the supply chain, including the manufacturers, wholesalers, distributors and retailers and the most important partner in this…

    • 926 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In order to remain competitive, a company must offer superior quality goods or services at the lowest prices possible. Supply chain enables a company to reduce the cost while increasing the efficiency. However, there are risks that are associated with such benefits. These issues should be properly addressed when a company is trying to rely heavily on supply chain management in order to stay competitive within its industry.…

    • 466 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There is no use denying the fact that the modern age could be characterized by the blistering development of small and large businesses. Having realized the advantages and possibilities of the market driven economy, great number of people decided to start their own business in order to develop their company and becomes successful. It is obvious, that the process of management of a certain business is a very complicated job which demands a great number of various skills from the owner. Thus, one of the first and most important tasks which a manager should accomplish is to align the efficient supply chain in order to provide good products. Besides, one should also remember the fact that "effective supply chain management has become a potential…

    • 580 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Acct 200 Essay Example

    • 979 Words
    • 4 Pages

    Supply chain management is a key means of differentiation for a firm and a critical component in marketing and corporate strategy.…

    • 979 Words
    • 4 Pages
    Satisfactory 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

    The goal of this course is to cover high-level supply chain strategies and concepts while introducing the analytical tools necessary to solve supply chain problems. As the function of supply chain management is to design and manage the processes, assets, and flows of material and information required to satisfy customers’ demands. Supply logistics related costs account for 20-25% of a typical firm’s total cost. On the revenue side the supply chain decisions have a direct impact on the market penetration and customer service. Globalization of economy and electronic commerce has heightened the strategic importance and of supply chain management and created new opportunities for using supply chain strategy and planning as a competitive tool. Electronic commerce has not only created new distribution channels for consumers but also revolutionized the industrial marketplace by facilitating inter-firm communication and by creating efficient markets through trading communities. Moreover combination of enterprise information infrastructure and the Internet has paved the way for a variety of supply chain optimization technologies.…

    • 1561 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Project Procurement

    • 504 Words
    • 3 Pages

    With the increased globalization, competition and complexity in global supply chains, more companies have realized that supply chain management is critical to the optimal organizations overall operation. It is not longer just the responsibility of the warehouse manager and logistics director. In the past, many organizations didn’t manage their supply chains they left that up to the suppliers. Usually the supply chain planning, marketing, production and inventory management in most organizations operated as separate departments (Stevenson, 2009). Businesses have recognized the strategic importance and the need for effect and efficient supply chains in operations management (Stevenson, 2009).…

    • 504 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Chapter Summary 15,17,18

    • 862 Words
    • 4 Pages

    According to the chapter supply chains are seldom static. They are constantly changing and evolving as a result of strategic changes taking place within the firm, competitive actions, changes in technology, and shifts in targeted customers or in customers’ needs. Supply chain management (SCM) is now a fact of life. Increasingly managers, researchers, and educators recognize the importance of SCM as both a strategic and tactical weapon. However, the practice of supply chain management is ever changing. Initially, the supply chain was viewed as an entity that was primarily concerned with the upstream suppliers and supplier management. By the mid 1990s, there was a change in orientation. The focus has shifted from the upstream to the entire supply chain. As we move into the middle of the first decade of the 21st century, we are seeing another shift in focus from supply chain management to strategic supply chain management. As this transition takes, there is a strong need for researchers, managers, and educators to reassess the current and future stages of supply chain management with the goal of identifying, presenting, and implementing a new…

    • 862 Words
    • 4 Pages
    Good 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

    (What do you think the author is trying to demonstrate or bring out in the case?)…

    • 4332 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    Operations

    • 1332 Words
    • 5 Pages

    In order to execute a successful purchasing negotiation, it is important to understand Buffalo Distributors' needs and objectives. Buffalo's needs are determined by their acceptable level of profit, which $1 billion, or $1.52 billion pre-tax. The Company will need to price accordingly to attain that profit level with consideration to all costs. In addition to pricing needs, other needs that Buffalo must consider to execute a successful purchasing negotiation. To begin with, changes can be made to parameters to reduce cost as opportunities become available. Additionally, our quality factor can be taken as low as 35, with our target being 60, and a high of 80. Delivery can be either Buffalo’s or their supplier’s responsibility, but the landed cost objective discussed previously must still be met. Further, distribution technology is set to automated, service strategy is set to high, and responsiveness is set to high. Finally, minimum purchase commitments per month should be in-line with demand, should include a 20% buffer, and should pay respect to seasonality.…

    • 1332 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    The marketing situations and customers’ minds changing all the time, in practice, some of the companies only focused on one outcome that their supply chains often cannot meet the requirements of the newly emerging business environment. (SCM 2010 and Beyond Workshop) So effective supply chains are often hybrids — reflecting various combinations of the six, that is “Blending Supply Chain Outcomes to Achieve Competitive Advantage”.…

    • 547 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The purpose of this essay is to discuss different supply chain management approaches taken by H&M, Benetton and Zara. It is first necessary to explain what a supply chain management means. Supply chain management involves planning, design, maintenance and control of the flow of materials and information along the chain in order to efficiently satisfy customer's requirements (Schroeder, 2000). Such an approach, of looking at the entire supply network helps organisations identify their competitive advantages and parts of their processes that contribute the most to the performance objectives that are of the greatest importance to the customers (Slack et al., 2007). It also helps to develop long-term strategies for the company based on the identified advantages.…

    • 2712 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Operations

    • 7486 Words
    • 27 Pages

    Medical procedures such as heart surgery follow a learning curve. Research indicates that the death rate from heart transplants drops at a 79% learning curve, a learning rate not unlike that in many industrial settings. It appears that as doctors and medical teams improve with experience, so do your odds as a patient. If the death rate is halved every three operations, practice may indeed make perfect.…

    • 7486 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    Operation

    • 657 Words
    • 3 Pages

    Question : 1) 2) 3) 4) 5) Define Foreign Exchange Market? What are its characteristic features? What were the provisions…

    • 657 Words
    • 3 Pages
    Satisfactory Essays

Related Topics