This gives suppliers the ability to manage to quantified contract management requirements and often gain significant cost advantages as well. Being able to take advantage of more financially beneficial payment terms, in addition to coordinating on pricing changes with minimal interruption to shared risk and costs can be attained when a CLM-based strategy is in place within an organization. When contracts are the most critical is when there is a high degree of variably present in a supply chain as is the case with mass customization and Build-To-Order (BTO) (Smirnov, Shilov, Kashevnik, 2009).
Conclusion
Contracts are seen by many as a necessary evil that only make companies less competitive as they get bogged down in their terms and conditions. Instead through the management of contracts to the clause level (Rosenberg, 2007) companies need to see contract management as a means to gain greater levels of quality assurance and financial stability into their companies (Chao, Iravani, Savaskan,...
Supply chain management in FMCG sector Fast Moving Consumer Goods (FMCG) Managing supply of FMCGs Demand and Supply Distribution Channel Traditional channel of FMCGs distribution National Vs Global Presence Products and Services Supply chain opportunities Usage of Supply Chain Management Business development Business performance Cost reduction Revenue Increase Inventory management Overall Business Performance Competitive advantage Future trends Issues in global supply chain management: FMCG sector Multi-channel Supply Chain Management Individual Tagging The FMCG sector is represented as manufacturers and distributors of packaged products. They are also coupled with mega retail brands
This shift in responsibility that a payoff can force over time needs to be dealt with from a business process management and change management standpoint over the long-term (Jacobs, Chase, 2010). By concentrating on the unique requirements and needs of the internal stakeholders, payoff analysis can be profitable and productive over the long-term. References: Juan Alberto Aragon-Correa, & Enrique a Rubio-Lopez. (2007). Proactive Corporate Environmental Strategies: Myths and Misunderstandings. Long-Range Planning,
Results from the study by Petersen, Ragatz and Monczka show that effective collaborative planning depends on information quality, and the trust level firms share. The authors purport: "Collaborative planning activities between supply chain partners are expected to lead to better performing supply chains" (Petersen, Ragatz & Monczka, Introduction section ¶ 1). In addition, numerous other researchers have also explored the perception relating to supplier alliances, that enhanced collaborative planning
I will equip myself with knowledge and skills to efficiently and effectively manage staff, resources and projects so that I execute my role as a supply chain manger well. I will have an extensive comprehension of supply chains, logistics and procurement processes. I will consistently employ best practices so as to increase efficiency, cut costs and improve performance while still delivering high quality results in the set timelines. I am
Managing Supply Chain Managing the supply chain The organization that I work for deals in interior finish of houses with the range of services being the floor finishes, plumbing works and sanitary ware, home furniture and office furniture as well as curtains. The outsourcing levels within this organization run to close to 70-75% of the goods and services. In as much as there are some materials that are manufactured by the company,
These technologies will need to be integrated into collaborative supply chain processes that will need to be put into place first however. The use of RFID as a tracking technology will also help to alleviate out-of-stocks as perishable products that have a relatively high level of orders will trigger re-orders in real-time, alleviating the need to re-order manually. RFID will also make it possible to create more effective audit
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