Supply Chain Management Introduction - 913 Words

Supply Chain Management Introduction to Concept Supply Chain Management seeks to guarantee that â€Å"merchandise is produced and distributed at the right quantities, to the right locations, and at the right time. . .† (Stock, Boyer, Harmon, 2010). It is the management of a company’s supply chain by coordination and integration of the multitude of supply chain partners that a company interacts with. Initially, the concept focused on how to make a relationship between supplier and purchaser more efficient but has now been broadened to include the management of many activities, functions, and organizations. In some industries it may include a company’s entire supply chain, including all of its customers, suppliers, and strategic partners (du Toit Vlok, 2014; Walker Jones, 2012). The concept has expanded so far today that many argue that there is no longer any competition among individual companies but instead competition among separate supply chains (Brun Moretto, 2012). This concept was proposed in the 1980s and began to be implemented in the early 1990s by companies such as Hewlett-Packard, Proctor and Gamble, and Wal-Mart (Oliver Webber, 1982). Its initial growth was fueled by the rise in globalization, advanced information technologies, and the accompanying need for companies to become more effective, productive, efficient, and profitable organizations (Shiau, Dwivedi, Tsai, 2015; du Toit Vlok, 2014). Industries from food procurement to maritime shipping toShow MoreRelatedIntroduction Of A Supply Chain Management1564 Words   |  7 PagesIntroduction Introduction A supply chain (SC) consists of a set of organizations that work together to take in raw materials, convert the raw materials into higher value products, and sell the products to the end customer (Kelly 2005). The management of these flows to generate profit is known as supply chain management (Sodhi and Tang 2012). Supply chain risk management (SCRM) is defined, very broadly, as the identification, analysis and evaluation of events that can have a negative effect onRead MoreIntroduction to Supply Chain Management Essay1209 Words   |  5 PagesAs soon as an idea turns into a project, the organisation of the supply chain becomes vital to providing a quality service to the client yet at a minimal cost to the company involved. Vertical interpretation is required to deal with various constraints that arise in various stages of the project with the aim to keep the problems down and the efficiency high. Throughout this paper the author will describe how supply chain management (SCM) he lps bring systems together to present a desirable outcomeRead MoreIntroduction to Supply Chain Management System: Dell Computer Corporation1451 Words   |  6 PagesIntroduction to Supply Chain Management (SCM) System Supply chain management (SCM) is the combination of activities which help a company to improve the methods to make a product or service and deliver it to customers. (Larson, 2004) SCM encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. More importantly, it includes coordination and collaboration with other people who are associated with the business likeRead MoreIntroduction A few decades ago, the true understanding of the impact of supply chain management1400 Words   |  6 PagesIntroduction A few decades ago, the true understanding of the impact of supply chain management was alien to many companies (Moore, Baldwin, Camm, Cook, 2002). As Moore et al (2002) continue to state, few companies within different industries understood the important link between strategic goals and supply management principles. This, in effect, meant that purchasing departments were undervalued, seen more or less as order takers and placers, while enjoying little or no respect from other organizationalRead MoreE-Supply Chain Problems and Solutions1486 Words   |  6 PagesAssignment – Digital Economy For MBA Contents Page 1. Introduction 3 2. Findings / Analysis 4 2.1 Introduction to e-Supply Chain 4 2.2 Problems of e-Supply Chain 5 2.3 Solutions to e-Supply Chain problems using technology 7 3. Conclusion 9 4. References / Bibliography 10 1. Introduction The use of effective and efficient supply chain has its advantages. However, in order to deploy an effective and efficient supply chain, it is necessary to coordinate the flow of material, informationRead MoreProcurement: Purchasing Management Association1205 Words   |  5 PagesIntroduction to Procurement Introduction  to  Procurement     Quiz  #  1   True/False  (1  mark  per  question)   1.   Competition  today  is  no  longer  between  firms;  it  is  between  the  supply  chains  of  those  firms.   True  Ã‚   False   2.   There  is  a  definitive  and  prescriptive  set  of  supply  chain  measures  that  applies  to  all  supply  chains.   True   False  Ã‚   3.   The  knowledge  and  skills  demanded  of  today’s  supply  professional  is  the  same  as  before.   True  Ã‚   False   4.   The  key  to  the  success  of  any  company  is  the  quality  of  its  employeesRead MoreWhat is Supply Chain Management? Essay1492 Words   |  6 PagesIntroduction: With the advent of globalization and continuous evolution in technology in the last 4 decades, the whole structure of organizations have evolved. Globalization has led to the downfall, of once successful, companies which were stagnant while led to exponential growth of continuously evolving companies. Supply chain, which was once considered a small part of operations, has now become one of the most important departments. â€Å"The term Supply chain management encompasses the planning andRead MoreHistorical Developments in Supply Chain Management1151 Words   |  5 Pages------------------------------------------------- Historical developments in supply chain management Six major movements can be observed in the evolution of supply chain management studies: Creation, Integration, and Globalization (Movahedi et al., 2009), Specialization Phases One and Two, and SCM 2.0. 1. creation era The term  supply chain management  was first coined by a U.S. industry consultant in the early 1980s. However, the concept of a supply chain in management was of great importance long before, in the early 20thRead MoreSupply Chain Standards For Supply Chains1564 Words   |  7 PagesSetting Supply Chain Standards to Improve Supply Chain Management In 2002 congress considered legislation authorizing $47 million to help develop supply chain integration standards. Since the introduction of the bill to integrate supply chains, The legislation, The Enterprise Integration Act of 2002, was enacted to authorize the National Institute of Standard and Technology to work with major manufacturing industries on an initiative of standards development and implementation for electronic enterpriseRead More7-Eleven Casestudy1026 Words   |  5 PagesINTRODUCTION The ability to respond quickly to the ever-changing marketplace is paramount to the success of most businesses. The convenience-store industry is a highly competitive one and 7-Eleven’s ability to become a leader market leader appears to be based on the company’s ability to quickly respond to the rapidly changing tastes and needs of the market. 7-Eleven has not always enjoyed success, especially in the 1980s when things got really bad for the company. Helped, however, arrived in