Optimizing Supply Chain Performance
The greater the integration of products, processes, stages and systems across the multiple layers of a supply chain, the more effective an enterprise becomes at managing supply chain risk while streamlining new product introductions. The more disjointed the stages and systems of a supply chain, the greater the risk of financial and operational failure (Deshpande, 2012). These failures emanate from lack of product quality, focus on compel product procurement and sourcing strategies, and most of all, a continual lack of focus on meeting customer commitment ship dates. When stages of a supply chain are considered separately, they become disjointed and sub-optimization occurs rapidly (Kumar, 2002).
A secondary effect of each stage of a supply chain being considered or managed separately is how this strategy leads to sub-optimized metrics of performance. Too much focus on a single stage of the supply chain leads to myopic, inward-looking analytics, metrics and key performance indicators (KPIs) that blind organizations to the larger and more severe threats and greater opportunities (Deshpande, 2012).
Third, by focusing or considering just individual stages of supply chains, lack of process integrating...
Organizations quit learning when each stage of the supply chain is disjointed or not integrated with each other. Sub-optimization of process, performance and long-term performance often result, with the long-term cost being a reduction in overall financial performance of the firm (Hofman, 2004).
Response to Question 2
As an integral component of the overall supply chain, warehouses enable organizations to make and keep delivery commitments to customers, shield them from stock-outs and allocation delays, and provide organizations with the ability to flex in meeting customer needs across their distribution networks. Warehouses are also essential to the overall supplier ecosystem of any organization. Managing warehouses to the ground-level metrics as shown in the Hierarchy of Supply Chain Metrics shown in Figure 1 (Hofman, 2004) is vitally important to the viability and continued growth of any business.
Warehouses are beneficial to customers first from the transactional support standpoint and second from a strategic one. Being able to make and keep commitments as to when a given product will ship and then meeting or beating that date is essential for any business to continually grow. By concentrating on the core metrics at the ground level of the hierarchy of supply chain metrics, organizations are…
If the ethical issues are sidelined and not safeguarded there is strong possibility that the trade secrets and intellectual property might get revealed and public. DIFFERENCES: SUPPLY CHAIN B2C emphasizes on customer transactions, where as B2B focuses on businesses as consumer. The difference of approach creates the needs for the adoption of different applications in both the types. B2C concerns itself with selling to the end user, where as B2B site deals primarily
(Reza, 2009) This information is building off of the findings from Uthayakumar. This is illustrating how the two tier system can help to streamline operations. However, as time goes by these ideas will become obsolete. The reason why is because they are focusing on particular aspect of supply chain management (i.e. during emergencies and backlogs). Where is it is failing, is through understanding how this strategy could be used when
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
Supply Chain Logistics Systems Of the many functional areas of an enterprise, supply chain logistics systems are among the most valuable to any business in differentiating their unique competitive advantages in turbulent, uncertain markets. From controlling the costs of production and service to delighting customers by having products in stock when they want to buy them, supply chain logistics systems often are the strongest differentiating element organizations in commodity-based industries have
Supply Chain at Ford vs. Dell Supply Chain Management -- SCM is fundamentally a process that entails the flow and conversion of materials and other resources into products and services, which fulfill the demands of the ultimate consumer. Supply Chains are considered as regards processes, activities and organization. The processes link the activities which carry out this transformation. Processes focus towards the end product for an end user in mind. The
Recommendations at the Divisional Level Divisional warehouses, or as they are sometimes called, Distribution Centers (DC) act as the fulfillment centers for stores in their region and also receive and inspect products from suppliers. DCs also manage the critical tasks of breaking down large shipments and allocating specific levels of inventory to each store. From a supply chain integration perspective, this is the most critical link in the entire chain between